0 City Of CoachellaIndio, CA 92203
- Sports & entertainment properties
Property Details for 0 City Of Coachella
- Property type
- Sports & entertainment properties
- Property subtype
- Casinos
Description
Exceptional investment opportunity in Coachella, CA. This planned 4.5-star Royal Sonesta hotel boasts 100 townhouses, a shopping center with four restaurants, two pools, a spa, a gym, three boutiques, three major restaurants, and a convention center with a ballroom. The property enjoys a prime location near three casinos (Fantasy Springs, 29 Spot Casino, and Aqua Caliente), a new luxury thermal club, and four gated communities. The hotel's projected net profit is $13-15 million annually. Investment options include a 10% partnership for $3 million or a 5% partnership for $1.5 million, offering significant equity and monthly returns. The total project cost is estimated at $140 million ($20 million for land, entitlements, and soft costs
Location Insight
- City
- Indio
- County
- Riverside
- State
- California
- Latitude
- 33.7456
- Longitude
- -116.171
Comparable in this City
Similar Nearby for Sale
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