Sold 2014. What does a place steeped in cultural history and tradition, and property in magnificent condition with cash flow to be envious of have in common? They can all be found at the Coombs Inn and Suites, an Apalachicola Boutique Inn, nestled in the heart of the quaint fishing village of Apalachicola, Florida.
This boutique inn on the ‘Forgotten Coast’ of Florida boasts 23 guest rooms and suites housed in four buildings. Several of the rooms have whirlpool tubs, fireplaces, or private decks or porch access, wood floors, and architectural details, and all boast high ceilings, lovely furnishings, and sophisticated decor and ambiance.
Originally built in 1905 by James N. Coombs, a native of Maine, the Mansion has lived a rich and varied life. Today, with 10 guest rooms, it is the heart of the Coombs Inn and serves as the place where guests check-in and enjoy breakfast. The Mansion affords guests deep porches to enjoy the breezes and also houses a very spacious owner’s apartment on the third floor. The Veranda Suites, adjacent to the mansion, houses 4 luxurious two-room suites, two of which have kitchenettes. A block away, the Villas houses 8 guest rooms, including the bridal suite. The adjacent Carriage House has a lovely suite upstairs and a spacious and fully equipped laundry on the ground floor.
Coombs Inn is famous for its weddings which can be accommodated in Camellia Hall, a purpose-built facility in the courtyard behind the Villas. Camellia Hall, with its large gazebo, deck, and gardens, is the perfect facility for weddings up to 100 people. It can accommodate indoor-outdoor events, business meetings, receptions, or small conferences and seminars. This building has restroom facilities and a prep-serving area for caterers.
Coombs Inn boasts a very strong business with solid and growing gross revenues in the range of $600,000+, occupancy in the high 60%’s, an attractive cap rate, and a long track record of success. The award-winning Coombs Inn was host to Sports Illustrated for the 2012 Swimsuit edition, has been chosen #3 in Florida as a Conde Nast Johansen International destination. It was offered for the price of $1,997,000 and sold in 2014. For details, please contact The B&B Team® at 877-957-2360 or email us here.
