Description
Your Next Business Acquisition, Primed for Growth (with the hard part out of the way) Revamped, Rebranded, and Revenue-Generating: Your Next Success Story Guided by a hotel industry veteran, this former rehabilitation center underwent a nine-month renovation starting in August 2022, completely overhauling both interior and exterior. Since opening in May 2023 as Bliss By The Sea, the hotel has accumulated over 1,000 5-star reviews across Google, Booking.com, Airbnb, and other platforms. In addition to being a top-ranked property on OTAs, the hotel's organic traffic has grown to over 6000 users per month within 1-year and continues to climb. When compared to a CoStar/STR report, the average room rental rate for 2024 is above the median RevPAR of competitors in the area. With a strong, established foundation, we've set up the new owner for a home-run. Turnkey Operation - Advanced technology allows you to manage every aspect of the business effortlessly: - Guests book rooms directly through various OTAs and receive codes automatically - Hard physical key backups ensure continuity in case of technological disruption - Centralized control and automated reporting for room access, HVAC, and pool systems - GM with a technology industry background has built the system for immediate handoff - Reliable cleaning staff in place - Kitchen leased with breakfast prepared daily by a professional chef Huge Potential for Value Add - Open the third-floor penthouse suite and rooftop for an instant jump in revenue - Currently staff-occupied with five additional bedrooms - Potential to rent as individual rooms, as a master penthouse suite, or for events - Rooftop offers panoramic views of Crescent Beach and Matanzas River - Comparable rooftop event venues charge $3,000-$5,000 per event, not including room rentals Strong Financial Performance: - Average room rental rate currently above median RevPAR of competitors (Costar analysis) Experience the perfect blend of coastal charm and modern luxury at Bliss by the Sea Hotel – a sought-after hotel for travelers and an home-run investment opportunity for the right buyer.
-
13BEDS
-
1.44ACRES
-
15BATHS
-
21/2 BATHS
-
10,178SQFT
-
$815$/SQFT
School Information
Description
Your Next Business Acquisition, Primed for Growth (with the hard part out of the way) Revamped, Rebranded, and Revenue-Generating: Your Next Success Story Guided by a hotel industry veteran, this former rehabilitation center underwent a nine-month renovation starting in August 2022, completely overhauling both interior and exterior. Since opening in May 2023 as Bliss By The Sea, the hotel has accumulated over 1,000 5-star reviews across Google, Booking.com, Airbnb, and other platforms. In addition to being a top-ranked property on OTAs, the hotel's organic traffic has grown to over 6000 users per month within 1-year and continues to climb. When compared to a CoStar/STR report, the average room rental rate for 2024 is above the median RevPAR of competitors in the area. With a strong, established foundation, we've set up the new owner for a home-run. Turnkey Operation - Advanced technology allows you to manage every aspect of the business effortlessly: - Guests book rooms directly through various OTAs and receive codes automatically - Hard physical key backups ensure continuity in case of technological disruption - Centralized control and automated reporting for room access, HVAC, and pool systems - GM with a technology industry background has built the system for immediate handoff - Reliable cleaning staff in place - Kitchen leased with breakfast prepared daily by a professional chef Huge Potential for Value Add - Open the third-floor penthouse suite and rooftop for an instant jump in revenue - Currently staff-occupied with five additional bedrooms - Potential to rent as individual rooms, as a master penthouse suite, or for events - Rooftop offers panoramic views of Crescent Beach and Matanzas River - Comparable rooftop event venues charge $3,000-$5,000 per event, not including room rentals Strong Financial Performance: - Average room rental rate currently above median RevPAR of competitors (Costar analysis) Experience the perfect blend of coastal charm and modern luxury at Bliss by the Sea Hotel – a sought-after hotel for travelers and an home-run investment opportunity for the right buyer.
© 2024 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Sunshine Realty & Appraisal Services, LLC. Data last updated 2024-10-13T23:30:53.47.