27 Harbour Road - Hospitality FOR SALE


Paget, ZZ PG 02
$21,000,000 USD
813-269-1144
27 Harbour Road, Paget, ZZ  for Sale
$21,000,000 USD
Hospitality - FOR SALE
1/7
null | 17.4% Cap Rate

27 Harbour Road
Paget, ZZ PG 02


HIGHLIGHTS

  • Listing Price $21,000,000 – (REVENUE $8,196,483, EBITDA $1,044,004)
  • 60 Key Premier Boutique Luxury Resort (Operated as 45 Units)/45 suites with 270 Fractional Owners (8 weeks of ownership per each fractional)
  • 60:40 Revenue split for rent back when ownership is unable to utilize their weeks of ownership
  • 18 Hole Championship Golf Course with ocean views
  • Two award-winning restaurants, regarded as the best on the island
  • Additional 10-acre waterfront development site across the harbor (Available Separately)

OVERVIEW

Leisure Investment Properties Group is pleased to offer the opportunity to acquire Newstead Belmont Hills Golf Resort & Spa in Paget, Bermuda. Offering some of the best views on the entire island, this asset is considered one of the premiere boutique luxury hotel options in Bermuda, includes a fully operational 60 key hospitality components, 67 fractional ownership units, and 4 whole units (32 fractionals) available for sale, which equates to a value of nearly $14m based on Listing Price (more details on pgs. 32 & 33 of the Offering Memorandum), and an 18-hole championship golf course designed by renowned architect Algie M. Pulley Jr - one of only three championship 18-hole golf options on the island that are available to the public. Amenities include an idyllic setting overlooking Hamilton Harbor, two award-winning restaurants in Blu Bar and Grill and Aurora Ocean, a resort infinity pool, a luxury spa, water ferry service to and from the City of Hamilton, two lighted tennis courts, and a fully renovated fitness center. Quarterly maintenance fees account for $1.9M in revenue, room rental revenue an additional $4.45M in revenue, golf course accounts for $1.5M in revenue, and lease income from the restaurants, spa, and cottage rental accounts for $400k in revenue.

FOR SALE DETAILS

PRICE

$21,000,000 USD

PRICE/SF

$847 USD /SF

# OF ROOMS

60

PRICE/ROOM

$350,000 {currency}

CAP RATE

17.4%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newstead Belmont Hills Golf Resort & Spa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

A

YEAR BUILT

1923

PARKING SPACES

12

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.