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Hotel 100+ Rooms in Palm Beach County

Price recently dropped. Reduced $8,350,000

Palm Beach

Overview

Property ID: 22421

Description

Green Tree Commercial is pleased to present this 100+ room hotel featuring approximately 30,000 Sq. Ft. The property has had significant capital improvements done to the property over the last three years with a new central air conditioning system, and renovated rooms with updated flooring, fresh paint, and new beds; there is zero PIP required. There has been no expense spared in the upkeep of the hotel to ensure that guests have a comfortable stay. Historically, the property has performed very well with a yearly occupancy rate of approximately 70%. The property gives a 10.12% capitalization rate. The hotel is located near the airport, and major thoroughfares adding convenience for guests. The hotel is fully stabilized with a turnkey operation in place. ID#22421

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