12689 Eliseo Rd, Desert Hot Springs, CA 92240

Property Description

Premier 8 room boutique hotel - The Sagewater. This distinct mid-century modern hotel is situated near the top of the renowned Miracle Hill in Desert Hot Springs. The private 179ft deep geothermal well and superior location allows it to supply the pool and tub with natural hot mineral water known for its therapeutic properties (up to ~150 degrees). Each of the spacious rooms have been updated and include kitchens, easy access to the mineral pool and beautiful desert views. A popular Ayurvedic spa is operated out of room 2 and provides additional revenue with no additional work. Included with the sale are 5 adjacent commercially zoned vacant lots which is ideal to preserve the view and privacy, add a day spa, add 30+ rooms and/or 5-10 vacation rental homes with mineral water access. The opportunities are endless! With new software, property upgrades and converting the large office to an 8th room, the property has been able to grow direct bookings over the past 12 months and achieve $30K for March with zero marketing! Pro-Forma projections at $45k+ with marketing, expansion of services such as day passes/spa services and listing on AirBnB/VRBO. This is a very unique property with development options and potential for high revenue. Sale includes 6 lots (5 vacant) for a total of ~51,000 sf. of land, Geothermal Mineral Well and business goodwill - furniture, website, reservations and social media. Please see offering memorandum in the document section for more information.