Description

Hideaways at Palm Bay is a very unique and highly profitable resort located roughly 7 miles east of the Exuma International Airport and roughly 1.5 miles west of the settlement of George Town. Hideaways has roughly 800 feet of beachfront with beautifully decorated Bahamian-style villas, nestled around the grounds.

There are a total of 95 accommodations broken down as follows:
28 units with the Full Hotel program, 14 units in the Full Hotel program but currently with separate ownership, 25 privately owned units in the Guest Services program, 23 privately owned units opted out of the Guest Service Program, and 5 staff accommodation.

Room types include Studio-Style Cottages, 1-bedroom Cottages, 2-bedroom Cottages, 1-bedroom Villas and 2-bedroom Villas. The Cottages offer mini kitchen facilities, a dining area, and private patios. The Villas offer full kitchen facilities, a dining room, a living room, and private patios.

The Hotel Facilities include a beach bar & grill, free parking, free Wi-Fi throughout the property, 1 large swimming pool, a fitness room, complimentary non-motorised water sports, and a shuttle to George Town.
The offering is divided into two separate income streams -- one being the income from the resort rentals and management program, the other being the restaurant and bar. Both are very profitable. Combined, they give a very healthy income and the sellers have brought on new units that have just been added to the rental pool, which will further increase the bottom line.

Exuma is one of the most popular Bahamian islands and has one of the hottest real estate markets in The Bahamas. Hideaways at Palm Bay offers the opportunity to step into a very successful turnkey profitable resort property, which makes this a rare opportunity in The Bahamas.