PARADISE INN (KW4 PORTFOLIO)

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap and Berkshire Hathaway Home Services have been exclusively retained to offer for sale the fee simple interest in the 19-room Paradise Inn located in the Old Town section of Key West, Florida. The hotel was built in 1995 and utilizes 18 ROGO licenses. The hotel sits in a prime location on the elegant Simonton Street one block from world famous Duval Street. The Paradise Inn provides the opportunity for a new owner to acquire a luxury boutique hotel with historically high occupancy and the potential to grow ADR by a minimal refresh and adjustments to the operating model that take advantage of the diverse room mix. By focusing sales/marketing efforts on a demographic seeking a luxury experience a new owner can further build its customer base with those seeking a high-end experience in the heart of Key West.

INVESTMENT HIGHLIGHTS

• Located in One of the Most Highly Desirable Leisure Markets in North America
• One Block Away from World Famous Duval Street
• Ancillary Income from Mixed-Use Building (Spa/Owner's Apartment)
• Operated as an Adults Only Hotel - Potential Upside to Broaden Base of Guests
• Located on Simonton Street, One of the Most Prestigious and Vibrant Streets in Key West
• Proximate to Florida Keys National Marine Sanctuary, Fort Zachary Taylor Historic State Park, Key West International Airport, Naval Air Station Key West, and More