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Dolphin Bay Boutique Hotel 333 Iliahi St

18 Room Hotel Hilo, HI 96720 $3,200,000 ($177,778/Room)

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Investment Highlights

18 Room Boutique Hotel

Half Acre of Land

Executive Summary

Dolphin Bay Boutique Hotel - A Tremendous Opportunity!
Never before offered for sale, the Dolphin Bay Hotel in Hilo was built in 1968, and has been owned and operated within the family since then.
The 18-room boutique hotel is situated on a half-acre of land with parking, courtyards, and walking trails through a lush greenspace. With a long-standing reputation for quality of service in the spirit of Aloha, this is a tremendous opportunity to purchase a highly regarded and profitable, fee simple hotel property in Hawaii.
See the video tour here: https://show.tours/v/pj8NVxs
Solid concrete block construction and well maintained, located in lava zone 8 just North of Hilo, the property is on sewer and has refuse pickup. The Dolphin Bay Hotel has many awards and glowing reviews, operating in true family manner. This property offers tremendous potential for the right owner. Come and see this special opportunity for yourself.
Room types:
5 Standard Studios: 2 with twins and 3 with queen bed
8 Superior (larger) Studios: 3 queen, and 5 queen & twin bed
4 One Bedroom Apts: 1 with queen and 3 with twin beds
1 Two Bedroom with 2 queens and 3 twins.
In addition there is a manager's office, reception area, and storage/laundry room on site.
Please do not solicit employees or owners regarding this listing; absolutely no unscheduled or unsupervised visits.

Property Facts

Price	$3,200,000	Lot Size	0.70 AC
Price Per Room	$177,778	Building Size	4,176 SF
Sale Type	Investment	No. Rooms	18
Sale Conditions	Business Value Included	No. Stories	2
Property Type	Hospitality	Year Built	1968
Property Subtype	Hotel	Corridor	Interior
Building Class	C	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	$3,200,000
Price Per Room	$177,778
Sale Type	Investment
Sale Conditions	Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.70 AC
Building Size	4,176 SF
No. Rooms	18
No. Stories	2
Year Built	1968
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.