For Sale $7,395,000 - Commercial, Old Town
Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St and equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy. The 11 exquisitely appointed guest rooms are each unique and they are situated in 4 historic homes on nearly 1/4 acre of land in the heart of Key West’s Old Town. Lush tropical gardens, pools and spa create an enchanting paradise for guests who frequently visit the inn. With 20 years of success, the Tropical Inn has a large percentage of repeat guests. Tropical Inn consistently outperforms the average daily rate for Key West B&B’s as per Smith Travel Research. There is excellent upside potential in the occupancy rate. The property consists of 4 parcels with 11 transient licenses and a commercial retail space on Duval Street currently leased by Vino’s wine bar where guests enjoy a daily Happy Hour. Guests are also served continental breakfast and fresh fruit daily. Beautifully maintained structures and grounds along with a long consistent history of excellent financials make Tropical Inn a rock solid investment ready for a new owner to take the reigns and increase its enduring prosperity.
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