78120 Caleo Bay - Hospitality FOR SALE


La Quinta, CA 92253
$6,500,000 USD
949-759-8739
78120 Caleo Bay, La Quinta, CA for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

78120 Caleo Bay
La Quinta, CA 92253


HIGHLIGHTS

  • Strong Affluent Market for Boutique Hotel, Rapidly Growing Area
  • Room Revenue Growth Potential
  • Food and Beverage Growth Potential
  • Property Renovation and Repositioning Opportunity
  • Unique Architecture and Lakeside Setting
  • Excellent Physical Plant, Large Guestrooms, Large Guest Bathrooms, Every Room Has Patio or Balcony with View

OVERVIEW

Maxim Hotel Brokerage, Inc. is pleased to present for sale the Chateau at Lake La Quinta, a 24-unit premier boutique hotel located on man-made Lake La Quinta in La Quinta, CA. OVERVIEW Please consider the following investment highlights: - Exceptional Opportunity and Upside for an Engaged Owner Operator - With potential for strategic renovations and repositioning, this property is primed for growth. A local, engaged management approach can further enhance its value and operational success. - Attractive Architecture - Inspired by European chateaus, particularly those in France, its design reflects a blend of classic and modern architecture with grand staircases, ornate detailing and expansive windows that offer breathtaking views of surrounding landscapes. - Central La Quinta Location, Close to Demand Generators - Located just two miles from Indian Wells Tennis Garden and six miles from Empire Polo Club, site of major music festivals (Coachella, Stage Coach, etc). The hotel is ideally situated for major sellout periods. - Unique and Exclusive, Quiet Setting - The lakeside setting and property size (24 units) are ideal for exclusive corporate or private events. - Large Rooms, Each with View - Two bungalow units, nine legacy units (original building), and 13 newer units built in 2015. Rooms are large with high ceilings and large bathrooms. Each room features a lakeview patio or balcony. - Restaurant - Mélange is an indoor / outdoor restaurant that currently operates Wednesday through Sunday for Happy Hour and dinner. Guests enjoy lakeside dining from a large deck adorned with string lights and two fireplaces, numerous heaters, fire pits and umbrellas. - Amenities - A swimming pool and hot tub are located off of grassy area, suitable for lakeside receptions. - Fee Simple - Fee simple, unencumbered by management.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$449 USD /SF

# OF ROOMS

24

PRICE/ROOM

$270,833 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Chateau @ Lake La Quinta

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1996

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

CC

APN/PARCEL ID

643-200-008

ASK ABOUT THIS PROPERTY

Harry PfluegerMaxim Hotel BrokerageMore Info
949-759-8739

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Harry PfluegerMaxim Hotel BrokerageMore Info
949-759-8739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.