Landmark Hotel for Sale

Highlights:

• 2.5 acres
• Located on the main hotel promenade in Montego Bay
• 15 minutes from the international airport
• Jamaica attracts over 4 million tourists annually
• Private parking lot and 2 bus bays
• Close proximity to the beach, retail and restaurants and tourist attractions

Description:

Landmark Hotel for Sale in Montego Bay, Jamaica

This is a rare opportunity to own a landmark property in one of Jamaica's most sought after tourist areas. Ideally located on the bustling Jimmy Cliff Boulevard, this stunning hotel sits directly across from the world renowned Doctors Cave Beach - a pristine white sand beach with sparkling turquoise waters that has attracted visitors from all over the world. With Sangster International Airport just less than 15 minutes away, it offers unparalleled convenience for both international travelers and vacationers seeking a premier resort beach experience. This 2.5 acre property with 1,345 feet of street frontage on the "Hip Strip" (Jimmy Cliff Boulevard) amenities include:

• 74 guest rooms, 9 one-bedroom, and 3 two-bedroom suites
• Elegant porte-cochere entrance, front desk, and concierge area
• Two dining areas for casual and fine dining
• Poolside bar, BBQ area, and outdoor entertainment spaces
• Event spaces for weddings and conferences
• Fitness Center and 8 retail spaces (400–2,400 sq. ft.)
• Swimming pool and lush tropical gardens
• Private parking with 2 bus bays
• Staff accommodations, executive offices, storerooms, and laundry

Refurbished in 2016 and well maintained, the property shuttered in early 2020 and remains ready for immediate revival.

With the recent increase in property density in the area, this hotel has significant room for expansion and tremendous growth potential. The new owner could capitalize on Montego Bay's thriving tourism and nightlife scene by adding more guest rooms as the new density allowances permit or enhancing the property to include exclusive nightlife experiences with nightclubs, lounges or entertainment venues, attractive retail shops and boutiques, world class dining experiences wellness retreats or spa facilities. The development possibilities are endless and the location of this property makes it ideal for a range of high value investments in hospitality, nightlife, commercial or residential development, if desired.

Contact us today to learn more and take the first step in unlocking the full potential of this iconic property with unmatched location to be a part of Jamaica's most thriving tourism market.

MLS 82049