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Towne Hotel 40 George St 46 Room Hotel Nassau, NPR $9,903,189 CAD ($215,287 CAD/Room)
INVESTMENT HIGHLIGHTS
- Maintain as-is: Operate the hotel in its current condition, leveraging its loyal customer base and strategic location.
- Full renovation/repositioning: Completely renovate to reposition the property as a higher-category boutique hotel.
- Gradual renovation: Implement step-by-step upgrades, such as room and common area modernization.
- Conversion: Transform the property into a dedicated boutique hotel concept.
EXECUTIVE SUMMARY
Historic Gem in Downtown Nassau! Nestled in the vibrant heart of downtown Nassau, The Towne Hotel offers the perfect blend of charm and convenience. Its central location, just steps from the U.S. Embassy, government offices, and hospitals, makes it an ideal spot for inter-island and business travelers alike. This 46-room, turn-key boutique hotel is already up and running with a loyal clientele and dedicated team in place. For investors seeking a prime opportunity in the Bahamas, The Towne Hotel is a chance to add a classic, well-loved property to your independent hotel portfolio! Strategic Location: just one block from the cruise port!
PROPERTY FACTS
| Price | $9,903,189 CAD | Building Class | C |
| Price Per Room | $215,287 CAD | Building Size | 18,686 SF |
| Sale Type | Investment | No. Rooms | 46 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1954 |
| Price | $9,903,189 CAD |
| Price Per Room | $215,287 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Building Size | 18,686 SF |
| No. Rooms | 46 |
| No. Stories | 3 |
| Year Built | 1954 |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $111.41 CAD | - |
| Guest Room | 45 | $93.53 CAD | - |
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The Good Life Bahamas Real Estate
Towne Hotel | 40 George St
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