108+ La Grande Prince CO, Christiansted, St. Croix 00820

Property Description

THE PALMS HOTEL: Unique turn-key opportunity to acquire growing Caribbean Beach Front Resort with significant value-add development potential. 30,000SF over six buildings. Resort currently has 42 guest rooms and suites. Past owner had received (now expired) CZM approval to expand to 104 rooms. Buyer can investigate renewal possibilities for substantial upside. Large beach-side pool with adjacent restaurant and bar. Tennis court. Located in Opportunity zone! Past owner had EDC benefits (not longer active). Financials available to screened and qualified buyers only. See 'Documents' for more info and inventory of personal property included in offering.