Dolphin Bay Boutique Hotel 333 Iliahi St 18 Room Hotel Hilo, HI 96720 $3,200,000 ($177,778/Room)
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.
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 |
| Price Per Room | $177,778 |
| Sale Type | Investment |
| Sale Condition | 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 |
| Zoning | 2A - RM-1 |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 18 | $94.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 3-2-6-003-019-0000 | Improvements Assessment | $942,900 |
| Land Assessment | $182,300 | Total Assessment | $1,125,200 |
