354 E Stevens, Palm Springs, CA 92262

$4,650,000
18,295
SqFt

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Property Description

Introducing The Jazz Hotel, a fully renovated 12 room boutique hotel on 0.42 acres in Palm Springs. Originally built circa 1954, this single story property offers approximately 5,432 SF including 12 guest rooms, office, fitness room, pool, spa, and outdoor patio areas. Recent upgrades include interior/exterior paint, flooring improvements, bathroom updates, lighting upgrades, pool/spa enhancements, courtyard improvements, and extensive systems modernization. Key infrastructure work includes removal of outdated wall units and heaters and installation of 16 energy efficient mini split HVAC systems, along with upgraded electrical and exterior improvements. Significant investment in FF&E includes new furnishings, linens, décor, signage, outdoor lounge furniture, fitness equipment, and guest amenities, creating a turnkey boutique hospitality opportunity. Located near downtown Palm Springs, dining, shopping, and entertainment. Buyer to verify zoning, permits, and hotel/STR licensing requirements. Hotel has 1 two bedroom suite, 5 studio suites and 6 studio plus kitchen suites.

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Listing courtesy of Engel & Volkers Palm Desert.