MARY'S BOON BOUTIQUE BEACH RESORT AND SPA

Hospitality for Sale
Catylist Listing ID: 29844216
Property Subtypes: Hotel, Inn, Resort, Spa
Number of Units: 37 Units
Building Size (RSF): 18,468 SF
Gross Building Area: See Agent
Gross Land Area: 39,000 SF
Sale Price: $6,000,000
Unit Price: $162,162.16 Per Unit
Property Use Type: Investment
Building Name: Marys Boon Beach Plantation
Name of Establishment: Marys Boon
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 7/27/2017

Overview / Comments

Mary's Boon Beach Resort, Selected Twice as One of "The Top Ten Hotels in
the Caribbean" by Conde Nast Travel Magazine.

St. Maarten's finest Boutique Hotel without a doubt." Frommers Caribbean Travel Guide

PARADISE AND INCOME!

None can compare to the tranquillity and beauty" Frommers Caribbean Travel Guide

"Mary's Boon draws a loyal repeat clientele"!! Conde Nast Travel Magazine

LOWEST PRICE ON ISLAND

Located on a gorgeous 1.2 mile stretch of non crowded white sandy beach.

Frommers Caribbean Travel Guide review had this to say; "This is the most charming and well managed small Hotel on Dutch St Maarten."

There is Nothing on St Maarten or the surrounding Islands that comes close on price AND location.

ONE STRATEGY: WOULD BE SELLING 18 UNITS VIA CONDO HOTEL CONVERSION, WHICH HAS BEEN APPROVED BY ISLAND GOVERNMENT ON 06-01-14. AVE CONDO SALES PRICE OF $275,000 WOULD MAKE MARYS THE LEAST EXPENSIVE PER UNIT PRICES ON ISLAND FOR BEACH FRONT CONDOS. THIS WOULD LEAVE 19 HOTEL OWNED UNITS AND 50% OF THE RENTAL INCOME FROM USE OF SOLD CONDOS, PLUS INCOME FROM RESTAURANT, SPA, BAR, AND TOTAL MONTHLY HOA DUES OF +/-$13,500.

OR JUST KEEP IT A HOTEL AND INCREASE INCOME BY INCREASING THE REVENUE VIA EXCLUSIVITY AND MARKETING. ALSO CHANGING RESTAURANT/BAR OPERATION THAT IS LEASED MONTH TO MONTH TO 3RD PARTY OPERATOR.

Please call Sky Pulford for details and financing @ 713-202-3779

All units are fully furnished with updated everything including furnishings, full stocked kitchenettes, flat screen TV, phone, AC.

Located on St. Maarten, the Dutch side of the dual Holland/French Island, on BEAUTIFUL Simpson Bay Beach, it is just South of Princess Juliana Airport minutes away from great shopping, restaurants and Casinos.

Yet, it feels secluded; an oasis. Frommers Caribbean Travel Guide review had this to say,"Mary's Boon draws a loyal repeat clientele that appreciates its sense of intimacy".

Additional Details

Market Type: Medium
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Visibility: Excellent
Airports: On BEAUTIFUL Simpson Bay Beach just South of Princess Juliana Airport
Site Description: Its secluded and tucked away on a 3 mile gorgeous beach. You are 5 steps from from rooms to the beach. ON the beach bar and dine all day in hotel restaurant overlooking Simpson Bay Beach. (See Pics)
Area Description: St. Maarten, the Dutch side of the dual Holland/French Island, on BEAUTIFUL Simpson Bay Beach. A good walk (1.2 miles) on the beach from World famous Sunset Beach Bar and Mayo Beach where planes land within 20 feet of your head. Casinos, Pubs, Night Clubs, Sopranos' Piano Bar and World Class restaurants are just a $10 cab ride away.
Nearby Attractions: Hotel is located on one of the most Beautiful Beaches in the Caribbean with Casinos nearby, 1st class restaurants, and all the amenities of a Tropical Vacation. Scuba, Sailing, Snorkeling, Jet ski, Fishing, Island trips to French St Barts, Saba, St Kitts, Nevis and English Anguilla all nearby. You name it its all on this island.
Total Number of Buildings: 9
Number of Stories: 2
Property Condition: Excellent
Year Built: 1968
Year Renovated: 2013
Roof Type: Gable
Water Recreation: Outdoor Pool, Spa, Cabanas
Parking Type: Surface

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