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Kirkwood Collection Acquires 45-room Palm Springs Hotel Portfolio For $28.3M

Property Image
SOLD
$28,300,000

California

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Hotel
Sold 06/30/2023
the dealdetailscomps
Property Image
SOLD

Kirkwood Collection Acquires 45-room Palm Springs Hotel Portfolio For $28.3M

339 S Belardo Rd, Palm Springs, CA 92262, United States

See Similar Deals
Hotel
Sold 06/30/2023
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Hotel
Transaction Type:Sale

Kirkwood Collection, led by Alex Kirkwood, has acquired a 45-room hotel portfolio in Palm Springs for $28.3 million. The portfolio includes La Serena Villas, Del Marcos Hotel, and The Three Fifty Hotel, all located in the popular tourist destination. These hotels offer amenities such as spas and pools, catering to the needs of the visitors.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $28,300,000
  • Address: 339 Belardo Road - La Serena Villas & 225 West Baristo Road - Del Marcos Hotel & 350 South Belardo Road - The Three Fifty Hotel
  • Market: Palm Springs

The seller of the hotel portfolio is Lars & Kelly Viklund. Kirkwood Collection, represented by Alex Kirkwood, completed the transaction as the buyer.

Details

SOLD
IMAGE: Alex Kirkwood DATE: 06/30/2023 ADDRESS: 339 Belardo Road - La Serena Villas & 225 West Baristo Road - Del Marcos Hotel & 350 South Belardo Road - The Three Fifty Hotel MARKET: Palm Springs ASSET TYPE: Hotel BUYER: Kirkwood Collection - Alex Kirkwood SELLER: Lars & Kelly Viklund SALE PRICE: $28,300,000 KEYS: 45 ~ PPK: $628,889 NOTE: Kirkwood Collection has acquired a 45-room hotel portfolio in Palm Springs for $28.3 million. The hotels, including La Serena Villas and Del Marcos Hotel, offer amenities such as spas and pools in the popular tourist destination.

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