0 City Of CoachellaIndio, CA 92203

Property Details for 0 City Of Coachella

Property type

Casinos

Property subtype

Hospitality properties

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

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