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Key West Commercial Real Estate
Tropical Inn Offered For Sale
June 21, 2019 | Keith Bland & Kent Ducote

​Tropical Inn is an extraordinary boutique hotel centered on world-famous Duval St on almost 1/4 acre of land. Equidistant from the Mallory Sunset Pier and the Southernmost Point Buoy, this property is perfectly located. The 11 exquisitely appointed guest rooms are each unique and they are situated in 4 historic homes dating back as far as 1860 and in the heart of Key West’s Old Town…

​Lush tropical gardens, pools and spa create an enchanting paradise for guests who frequently visit the inn. With 20 years of success, the Tropical Inn has a large percentage of repeat guests. Tropical Inn consistently outperforms the average daily rate for Key West B&B’s as per Smith Travel Research. There is excellent upside potential in the occupancy rate.

​The property consists of 4 parcels with 11 transient licenses and a commercial retail space on Duval Streetcurrently leased by Vino’s wine bar where guests enjoy a daily Happy Hour. Guests are also served continental breakfast and fresh fruit daily. Beautifully maintained structures and grounds along with a long consistent history of excellent financials make Tropical Inn a solid investment ready for a new owner to take the reigns and increase its enduring prosperity.

Offered for $7,568,000.