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Acquired in August of 2019, this historic resort features 30 eclectic rooms and has had a forward focus on the dive market with hotel revenues holding at $1.1 million. HP Hospitality acquired the asset with the intent of a year 1 focused drive to reach $1.6 million in gross revenues and has deployed a concentrated revenue strategy. HP Hospitality has plans to rebrand and modernize the hotel, keeping with the diving themes, but opening the doors to more travelers and families alike.
PROJECT TYPE
HOTEL
acquisition year
2019
LOCATION
KEY LARGO, FLORIDA