73-key ocean-view hotel for sale in The Bahamas adjacent to Junkanoo Beach in Downtown Nassau next to the city’s newest hotel development.
Downtown Nassau, Bahamas – Hotel for Sale
Situated adjacent to scenic Junkanoo Beach, the hotel offers stunning ocean views.
65 Rooms & 8 Suites
The existing building, which is in need of renovation, offers 36,000 square feet of space.
It includes 65 guest rooms with en suite bathrooms plus 8 suites, all of which offer wonderful views of the ocean.
The hotel also features amenities including a bar and coffee shop on the ground level and a pool on the rooftop boasting panoramic views of Downtown Nassau.
The hotel has benefited from various improvements including a renovation of the exterior perimeter of the ground floor which houses a number of retail shops and a restaurant targeted at tourists visiting Junkanoo Beach, some of the smaller hotel rooms that have been converted for use as income-producing short term rentals.
While in need of further renovation, this represents an excellent opportunity to own a hotel in Downtown Nassau.
Alternatively, plans could be submitted to convert the property into a condominium development.
Hotels for sale in The Bahamas with such potential are very rare.
The hotel is ideally located adjacent to Junkanoo Beach and next to Downtown Nassau’s newest hotel development The Pointe.
Other recently renovated hotels in the vicinity include the Marriott Courtyard & Hilton Express hotels.
The hotel is a 5 minute walk to the cruise ship port, museums, straw market, world famous Fish Fry and Arawak Cay, and close to a wide selection of world class boutiques, restaurants, entertainment and beaches.
Downtown Nassau is set to benefit from significant investment and upgrades, including the creation of a public transportation shuttle system, a 12 foot wide boardwalk that will run from East Street to Potter’s Cay Dock and transforming Fort Charlotte’s surrounding area and the Fish Fry using a “Central Park-like” concept.
A guide to Bahamas
Reasons to invest in Bahamas
- 700 jaw-droppingly beautiful beach-fringed islands dotted in the sparkling turquoise Atlantic Ocean.
- Highly attractive tax incentives, such as freedom from income tax, VAT, inheritance tax and capital gains tax.
- Sophisticated, stable real estate market with a wide variety of waterfront homes available from affordable to ultra-luxury with the option of applying for permanent residency.