Development Opportunity | 17-Key Hotel 8+ Acres Waterfront
Hospitality | 17 Keys | 8%+ Cap
Marketing description
Presenting an exceptional investment opportunity in the heart of the U.S. Virgin Islands. This income-producing 17-key hotel sits on 8.1+ acres of prime R-3 zoned waterfront land in St. Thomas, offering incredible potential for redevelopment, expansion, or repositioning.
Key Highlights:
- 17-room operating hotel with steady cash flow
- 8.1+ acres of R-3 zoned land — ideal for multi-family, condo, or resort development
- Adjacent Marina also available: https://www.crexi.com/properties/2145720/frenchtown-marina-and-development-opportunity
- Waterfront access with sweeping Caribbean views
- Perfect for value-add, redevelopment, or phased build-out
- Desirable location with strong tourism demand and infrastructure access
- No passport required – U.S. territory with stable legal and financial systems
This property offers the rare combination of income, scale, and development flexibility in a tax-friendly, high-demand Caribbean market.
Contact Jeff Wagner for more information.
Investment highlights
Current Operations (Hotel - 17 Keys):
Avg. Daily Rate (ADR): $204
Occupancy: 68%
Gross Revenue (Annual): ~$1.16M
NOI (Stabilized): ~$513K
Cap Rate (on list price): ~8%
Development Potential (R-3 Zoning):
Max Density: Up to 80 persons/acre (per USVI R-3 guidelines)
Highest & Best Use: Boutique resort, marina, condo development, or mixed-use hospitality/residential
Expansion to adjacent marina next door, also listed for sale: https://www.crexi.com/properties/2145720/frenchtown-marina-and-development-opportunity
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