FOR SALE | Mixed-Use Hospitality Asset | Provincetown, MA

Provincetown, MA (Barnstable County)

FOR SALE | Mixed-Use Hospitality Asset | Provincetown, MA
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Asking Price: $8,400,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

FOR SALE | Mixed-Use Hospitality Asset | Provincetown, MA

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Business Description

The Crown & Anchor

Boston Realty Advisors is exclusively retained to solicit offers for The Crown & Anchor located in Provincetown, Massachusetts. The Crown & Anchor is an iconic hotel, entertainment and restaurant venue that is situated in a prime central location of downtown Provincetown, MA. Consisting of 18 hotel suites, The Crown & Anchor Restaurant, Dive Bar, Wave Bar, The Vault and two Cabarets, the offering is truly a mixed-use asset that benefits from Provincetown’s diverse tourist community and the ever popular New England destination. Situated on over 19,000 square feet with ample frontage on Commercial Street and almost 100 linear feet on Provincetown Harbor, The Crown & Anchor offers panoramic and sweeping water views, direct beach access and immediate access to downtown where guests can enjoy fine or casual dining, world renowned shops, art galleries and the vibrant and historic vibe Provincetown is known for. This extraordinary asset provides qualified buyers the opportunity to acquire an iconic, historic and staple hospitality asset in one of the most sought after destinations in the north east United States.

Known for its historic charm, pristine beaches, progressive art galleries and specialty shops, Provincetown, or “P-town” as most refer to it as, is one of Americas oldest and most traveled vacation and tourist destinations. This seaside town attracts all walks of life and is truly a haven of free thinkers and artists. P-town's tourist population continues to expand year by year and this once seasonal destination has something to offer year round.

The Crown & Anchor is offered for sale on an unpriced basis. We will be conducting tours of the property with a call for offers to follow.

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Detailed Information

Location:
Provincetown, MA
Facilities:
PROPERTY FEATURES: 18 key ocean front hotel, The Crown & Anchor Restaurant, Crown Cabaret, Paramount Night Club, The Dive Bar, Wave Video Bar, The Vault, 16 parking spaces
Growth & Expansion:
INVESTMENT HIGHLIGHTS: Premier waterfront location, Iconic brand recognition, value-add opportunities, growing Provincetown tourist scene, multiple business lines, strong in-place income.
Business Website:
http://www.crownptown.com/
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Business Listed By:
Dominique Dubois

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