HISTORIC SEASIDE HOTEL & RESORT PROPERTY, $30,000,000

Reference Number: BB-050

Description

The famous Xanadu Beach Hotel & Resort, on the island of Grand Bahama in the Bahamas, was once the setting where reclusive American billionaire industrialist Howard Hughes spent his final years. This once famous resort Hotel sits on 21 acres of prime property, here in Freeport Grand Bahama, and has a 75 slip marina. It needs refurbishment to turn it into the first class hotel resort it was back in the early seventies. The property has great potential. The asking price is $30 Million as is, where is and a recent estimate for repairs puts put the amount at around $25 Million more or less.

Location: Freeport, Bahamas