Participate in the Development of a Destination Boutique Hotel and Spa in one of America’s Scenic Beach AreasThe Business
This oceanfront, circa 1868 Property is ideal to convert to boutique hotel, spa and fine dining restaurant. The Property was previously run as twelve-suite inn, licensed restaurant, and adjacent tiki bar and pub. The Property has beach access. It was poorly managed, which together with the 2008 financial crisis, resulted in seizure and auction.
The Project involves the acquisition of three parcels and existing buildings for a purchase price of USD 6m, and conversion into an all-season twenty-suite boutique hotel, restaurant and dining to seat 130, a pub and a 5,000 square foot spa. It will draw on the 85+ million population of the northeastern seaboard.
Market
A leading trend globally in the hospitality industry is boutique hotel development. This Property provides an opportunity to produce a magnificent destination offering. The strengths of the proposed Project include its compelling location, the history to the building, and its desirable region.
Sector: HospitalitySegment: Boutique HotelRegion: North AmericaFinancing Size: $5m to $20mContact: Kevin MacKinnon
Company: The VoiceTelephone: +1 403 933 7804Email: [email protected]