SFR 203 C – Mago Estate Hotel

US$1,800,000

Description

Mago Hotel in Soufriere is being sold as a renovation development. The hotel is no longer in operation because of the death of the owner, but has a great deal of potential for a new owner with vision. Mago Hotel is located on the edge of the town of Soufriere The hotel has excellent views of the Pitons and Caribbean Sea. The hotel has been closed for some time and although the 19 suites are now empty they can be upgraded and furnished reasonable easily .Outdoor steps and paths to the rooms room and the approach road to the Hotel do require some upgrades The hotel is set in nineteen acres of hillside This Boutique Hotel has many interesting features and was very succesful several years ago, Location and Hotel design and style lends itself well to honeymoons and weddings and would command a good price per room when reopened The restaurant area has interesting features, but needs a compeletly new kitchen The Restaurant could become a popular venue for non guests at the hotel The photos show some of the unusual features. This Hotel previously had a good clientele base and ran successfully and in profit The asking price has been reduced to $2.5 million usd and there is some flexibility with this. Only for the discerning purchaser who can see Mago’s potential and bring the standard up to a good quality Boutique Hotel

Additional Details

  • Land area
    522720 sq.ft.

Location

commercial-saledevelopmenthotels-guest-houses

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