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We have an amazing opportunity in Barbados for a smart Hotelier or Investor. We have just listed Palm Garden Hotel, a 26 room hotel ideally located in Worthing, Christ Church, Barbados just across the street from beautiful beaches. It is about 10 minutes drive from the International Airport . This hotel features all self contained apartments with kitchens ranging from studios to superior apartments sleeping 4 persons. This is a budget and quarantine hotel which been doing well despite COVID.
This fully turnkey Hotel operates daily and is in good condition. It recently boasts high occupancy levels since 2020 and projections look healthy for the upcoming 2021 winter season. There are 3 buildings located across the 1 acre Site which are the main Hotel, a Restaurant and a commercial building which currently has an Slots Arcade. There is also room for development on the Lot.
This property has a large swimming pool which is located next to the on site restaurant. The hotel is on the bus route and is within close proximity to Banks, supermarkets, duty-free retail and other amenities. Restaurants, Bars and Nightlife are also in walking distance. The property offers parking, telephone system, cable TV, Laundry, WiFi and other complimentary services to guarantee customers have an exceptional stay.
The main hotel, Restaurant and Annex Commercial Building are for sale at $USD 3Million. (Open to negotiation).
Investors will be purchasing a fully turnkey business with Operating company, Registered Hotel, Duty Free Concessions, future bookings. Ready for a smooth transition to the new owner.
NDA and Financials available upon request. Investors are welcome to contact us.
Please set your own values to get your unique mortgage plan
* The above information is the average for each state in Barbados For more details about loans, please send us an enquiry.
Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.