In May 2013 Ashford Hospitality Trust, Inc. purchased the Pier House Resort and Caribbean Spa for $90,000,000 or $634,000 per room key.
There are a couple of guest houses still for sale in Key West. Now is the opportune time to purchase so that you will have time to get new financing in place, do your training, and get ready to see the money flying in the doors. If you have been thinking of buying a guest house in Key West, please contact me, Gary Thomas, 305-766-2642 or send me an email at firstname.lastname@example.org. I am a buyers agent and a full time Realtor at Preferred Properties Key West.