526 S Warm Sands Drive, Palm Springs, CA 92262
Local realty services provided by:ERA Excel Realty
526 S Warm Sands Drive,Palm Springs, CA 92262
$10,500,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: adam gilbert
Office: the firm brokerage
MLS#:219132823PS
Source:CRMLS
Price summary
- Price:$10,500,000
About this home
Welcome to the Exotic Dreams Hotel -- a rare and iconic hospitality offering in the heart of Palm Springs. This 40-room boutique hotel blends mid-century and spanish charm with modern upgrades, providing a unique investment opportunity or an exceptional addition to any hospitality portfolio.Spanning multiple structures across lushly landscaped grounds, the property features three sparkling pools, ample guest amenities, and breathtaking views of the surrounding mountains. Many of the rooms have been recently renovated with stylish, contemporary finishes, upgraded bathrooms, and enhanced technology offerings to meet the expectations of today's discerning traveler.The layout of the hotel offers flexibility for both standard guest stays and extended group bookings, with multiple room types including suites, patios, and poolside accommodations. Whether guests are seeking a serene desert escape, a lively weekend retreat, or a private event venue, Exotic Dreams delivers on all fronts.Ideally located just minutes from Downtown Palm Springs, the hotel offers walkability to shops, restaurants, nightlife, and world-class events like Modernism Week and Coachella shuttle routes.With its strong branding potential, existing operational footprint, and room to increase ADR through continued renovation and repositioning, Exotic Dreams is poised for both immediate income and long-term appreciation.Highlights:40 well-appointed rooms (many newly updated)3 resort-style swimming poolsMountain views and lush landscapePrime Palm Springs location near DowntownUpside potential through continued improvements and repositioningDon't miss this extraordinary opportunity to own a piece of the desert's hospitality legacy.
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Home facts
- Year built:1948
- Listing ID #:219132823PS
- Added:126 day(s) ago
- Updated:November 20, 2025 at 02:18 PM
Heating and cooling
- Cooling:Central Air
- Heating:Central Furnace
Structure and exterior
- Year built:1948
- Lot area:1.64 Acres
Finances and disclosures
- Price:$10,500,000
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