Oceanfront Boutique Hotel for Sale in Eleuthera, Bahamas

This listing presents a unique opportunity to acquire the Whale Point Hotel, a 9-bedroom, 9-bathroom oceanfront boutique hotel situated on a prime bluff overlooking the Atlantic Ocean and Caribbean Sea on Eleuthera, Bahamas. The property boasts stunning 360-degree views and features a commercial kitchen, restaurant, and pool-side bar. Originally appraised for $9M when leased and stabilized, the hotel is seeking $4M to complete the transaction. With 3.2 acres of oceanfront land, there is significant potential to add 36 additional keys, expanding the property's capacity and revenue streams. The current hotel includes 9 rooms, with 2 of them being 2-bedroom villas with full kitchens. While the property requires some capital expenditure to return to its full potential after a COVID-related closure, it has demonstrated strong revenue generation, with past rates exceeding $500 per night per room. The projected year two stabilized cap rate is 23% based on appraisal. This offering is ideal for investors looking to capitalize on high demand in a desirable island location with substantial upside.