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72-Key Hotel for Sale, Paradise Island, Bahamas

Paradise Island, Bahamas

Property ID: 43897

72-key hotel for sale in Paradise Island in The Bahamas with pool, lounge and restaurant on 2.1 acres on the Atlantis Boardwalk.

Paradise Island, Bahamas – Hotel for Sale

This hotel for sale in The Bahamas is located on Paradise Island – one of the world’s most well renowned vacation destinations.

It is rare for hotels for sale in Paradise Island to come on to the market, so this represents a unique investment opportunity.

This property is situated in the heart of Atlantis Harbour with 640 feet (195 meters) of frontage directly on the Atlantis Boardwalk and 333 feet (101 meters) on Paradise Island Drive just opposite the Paradise Island Bridge.

The hotel is being operated as a membership club and hotel with a very healthy cash flow through all economies – financials are available upon request.

72 Guest Suites

The resort comprises a horseshoe-shaped building with 2 parallel wings, each with 2 and 3 storey sections containing the guest suites.

Each of the 72 suites spans 450 square feet (42 square meters) and features 1 bedroom, 1 bathroom, living/dining room (with sofa bed and 4-seat dining table), fully equipped kitchen (equipped with microwave, coffee maker, stove and refrigerator) and balcony/patio.

Amenities

A 3 storey central area connects the two wings and contains the front lobby entrance, offices and gift shop on the ground floor, and full service lounge and restaurant on the second and third floor.

An outdoor courtyard and fountain area lies between the two lodging wings and leads out to the adjacent marina, pool, and hot tub/spa area.

Additional site improvements include on-site car parking, a porte-cochere at the entrance, decorative fountains, swimming pool, in ground whirlpool soaking tub, pool deck, walkways and paths.

Future Development

The owners have received approvals from the Government of The Bahamas to add a 10 storey building to the property.

Ideal Location Overlooking Atlantis Marina

Perfectly situated on the spectacular Atlantis Marina on sought-after vacation destination Paradise Island, this hotel is minutes from all the gourmet restaurants, world-class shopping, casino, entertainment and water sports on offer on Paradise Island.

Rare Opportunity with Huge Potential

This is therefore a rare opportunity to own a hotel on Paradise Island with tremendous potential/

A guide to Bahamas

  • Average asking price $3,132,791
  • % + or - average property price +32%
  • Property price range $80,000 - $40,000,000

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.