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.
Courtesy of , Paul Fisher.
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).