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1001 Nights Historic Bed & Breakfast 63 Orange St

8 Room Bed and Breakfast Saint Augustine, FL 32084 £2,737,793 (£342,224/Room) 7% Net Initial Yield

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Investment Highlights

Located in St. Augustine's Historic District
8 Elegantly Designed Guest Rooms
7% CAP Rate

Comprehensive Renovation Completed in 2023
9 On-site Parking Spaces
Turnkey; Sold Fully Furnished

Executive Summary

1001 Nights is a Luxury Moroccan/Spanish style bed & breakfast located in the historic heart of Saint Augustine, FL. This exquisite property boasts 8 elegantly designed rooms, each offering a unique blend of luxury and comfort. Recently, it underwent a comprehensive renovation, enhancing both the interior spaces and the exterior appeal. Upgrades include modern amenities in all rooms, ensuring a premium guest experience. The property also features improved parking facilities. Its strategic location in St. John’s County, a high-volume tourist destination, makes it a prime investment opportunity. 1001 Nights enjoys a high occupancy rate and Average Daily Rate (ADR), contributing to a robust net operating income, making it an attractive proposition for those looking to enter or expand in the thriving hospitality market.

Offering Memorandum

Property Facts

Price	£2,737,793	Building Size	3,435 SF
Price Per Room	£342,224	No. Rooms	8
Sale Type	Investment	Number of Floors	2
Net Initial Yield	7%	Year Built	1884
Property Type	Hospitality	Tenancy	Single
Property Subtype	Bed and Breakfast	Parking Ratio	2.62/1,000 SF
Building Class	C	Corridor	Interior
Lot Size	0.20 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£2,737,793
Price Per Room	£342,224
Sale Type	Investment
Net Initial Yield	7%
Property Type	Hospitality
Property Subtype	Bed and Breakfast
Building Class	C
Lot Size	0.20 AC
Building Size	3,435 SF
No. Rooms	8
Number of Floors	2
Year Built	1884
Tenancy	Single
Parking Ratio	2.62/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.