St. Croix - USVI Hotel
No. 1 Strand Street, Christiansted, VI 00820
Last Verified 11/12/2009
Listing ID 16177131
Highlights
Waterfront Hotel- Newly Restored
- Downtown Chrisitiansted
- Major USVI Landmark Complete with Historic Sugar Mill
- Shops and Restaurants Surround Property
- Beautiful Danish Architecture Throughout Area
Description
Historic downtown waterfront hotel and mixed retail, 23 recently (2008/2009) restored hotel rooms plus +/-17,000 square feet office/retail. Ready for new owner to open and operate. First time on market in 60 years.
All of the guest rooms, meeting rooms and entertainment, art and retail venues have been refurbished and refurnished to meet the quality standards of an historic executive boutique hotel.
Club Comanche is St. Croix's first hotel and meeting place, opened November 11, 1948 in a 1750's era Danish Great House near the waterfront in downtown Chrisitiansted.
Christiansted is nestled between a reef-protected, shallow harbor and steep hills on the island's north coast. At one point the bustling port of Christiansted was the capital of the territory under Danish rule, and the attractive, six-block historic district reflects the glory days of Danish prosperity on St Croix during the 18th and 19th C.
Today, Christiansted features over 100 gold, pink, and brown neoclassical buildings a broad range of modern choices for accommodation, dining and entertainment. With a population of 2,555, Christiansted is St Croix's largest town and is easily explored on foot.
Christiansted was designed using Norway's town of Christiania (now Oslo) as a model in 1735. Named for the reigning Danish monarch at the time, Christian VI, Christiansted included a fort to protect the commercial buildings of the Danish West India and Guinea Company. By 1800 the town's population had reached 5,284.
Proposed
With at least 25% down payment, Club Comanche, Inc. will carry the balance for 7 years at 8%, interest only, and a balloon of $3,750,000 due and payable at maturity.
Map of No. 1 Strand Street, Christiansted, VI 00820 (Saint Croix County)
Created 4/1/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.