The Paradise Inn 819 Simonton St 19 Room Hotel Key West, FL 33040 $12,900,000 ($678,947/Room)
EXECUTIVE SUMMARY
The Paradise Inn, with its subtle luxury and Bahamian charm, is situated in the center of
Old Town Key West only a short walk or bicycle ride from the shops at Mallory Square, Duval Street, The Ernest Hemingway Home, and The Key West Butterfly Conservatory. The Hotel features an upscale amenity base including spacious gardens filled with exotic flora, a fountain-fed pool, jacuzzi, complimentary breakfast, daily wine & cheese happy hour, and 24-hour coffee. Ownership also owns a two-story building next to Paradise, on 817 Simonton Street, where there is a fully renovated 2BR/1BA apartment, with private balcony, and washer and dryer on the second floor. On the first floor there
is a commercial space that is currently leased out as a SPA. There are also six parking spaces at this Property.
Old Town Key West only a short walk or bicycle ride from the shops at Mallory Square, Duval Street, The Ernest Hemingway Home, and The Key West Butterfly Conservatory. The Hotel features an upscale amenity base including spacious gardens filled with exotic flora, a fountain-fed pool, jacuzzi, complimentary breakfast, daily wine & cheese happy hour, and 24-hour coffee. Ownership also owns a two-story building next to Paradise, on 817 Simonton Street, where there is a fully renovated 2BR/1BA apartment, with private balcony, and washer and dryer on the second floor. On the first floor there
is a commercial space that is currently leased out as a SPA. There are also six parking spaces at this Property.
PROPERTY FACTS
| Price | $12,900,000 |
| Price Per Room | $678,947 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 10,305 SF |
| No. Rooms | 19 |
| No. Stories | 2 |
| Year Built/Renovated | 1995/2014 |
| Corridor | Interior |
| Zoning | HNC-1 |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 19 | $691.00 | - |
1 of 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,951,810 | |
| Land Assessment | $5,614,429 | Total Assessment | $10,566,239 |
