Boutique Provincetown, Massachusetts Lodging Portfolio Listed for Sale

Two Provincetown boutique hotels, Crowne Pointe Historic Inn & Spa and Brass Key Guest House, are listed for sale.

The Crowne Pointe Historic Inn & Spa and the Brass Key Guest House, both located in Provincetown, Massachusetts, are now available for purchase. The properties consist of a 35-room inn and a 43-room guest house, respectively. CBRE Hotels and Colliers International are marketing these hotels as exclusive advisors.

Investment Details

The portfolio of these two properties offers a total of 78 rooms. The properties have undergone maintenance investments amounting to approximately $1.7 million, which translates to around $22,000 per room between 2021 and 2025. This investment highlights the upkeep and quality of the properties.

Market Position

The hotels are located in a high-barrier-to-entry market in New England, known for its thriving tourism industry. The location and quality of these assets make them a significant acquisition opportunity within the Provincetown area. The properties are positioned as high-end lodging options in a supply-constrained market, enhancing their appeal to potential buyers.

Financial Performance

The properties have a proven track record of profitability. Financial stability is a key selling point for investors considering the Provincetown lodging market.

Additional Acquisition Opportunities

There is also an opportunity to acquire staff housing properties currently utilized by the ownership. This additional acquisition option could be beneficial for potential buyers looking to expand operational capabilities.

The sale of Crowne Pointe Historic Inn & Spa and Brass Key Guest House presents a rare opportunity to acquire two well-maintained, profitable properties in a prime New England resort location. The strategic position and quality of these assets make them a noteworthy investment for those interested in the Provincetown lodging market.

Inquire at CBRE.