A private investor sold the Best Western Inn @ Palm Springs motel at 1633 S. Palm Canyon Dr. in Palm Springs, CA to Blue Sky Hospitality Investment, Inc. for $6.4 million, or about $91,000 per room.
The 27,650-square-foot hospitality building was constructed in 1975 in the Coachella Valley submarket of Riverside County.
Steve Usher of Titan Hospitality represented both the buyer and the seller in the sale.
Please see CoStar COMPS #2841678…
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Blue-Sky-Hospitality-Purchases-Best-Western-Inn-for-$64M/153874?ref=/News/Article/Blue-Sky-Hospitality-Purchases-Best-Western-Inn-for-$64M/153874&src=rss