333 Iliahi St, HILO, HI 96720

Property Description

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 for more! 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. All 18 units have a full bathroom and kitchen, providing an option to use as apartment building. 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.