Now is the time to own 3 or more of the 68 rooms in the beautiful Palms Hotel, one of only two ocean front hotels front beach area Isle of Palms. This is offering for hotel rooms as part of Palms hotel. Owner must participate in hotel management agreement. Hotel was renovated in 2018. Bookings and revenue for 2021 appear on pace to be ahead of 2019. Owners have limited use, up to 28 days total annually. 3 month hoa fee contribution due at closing from buyer as working capital contribution. Additional units available for possible bulk sale. Hotel rooms offered here are interior units NOT ocean front or view. Opportunity to affordably own a piece of isle of palms, collect income from hotel operations, after expenses. Pictures are of hotel property, and rooms.buyer to verify info deemed important, HOA, hotel management, taxes, expenses, income, etc. Taxes, hoa fees shown are based on current costs for 3 hotel rooms. Up to 11 rooms are potentially available
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
