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Commercial Real Estate in Key West & the Florida Keys by RE/MAXCommercial Real Estate in Key West & the Florida Keys by RE/MAX

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Hotel, Motel, or Bed & Breakfast? What’s the Difference?

Hotel, Motel, or Bed & Breakfast - What's the Difference?Florida has a thriving real estate market that attracts investors from all around the country. Since Key West is a unique travel destination, hospitality businesses may have a greater chance of success here. However, the location also attracts plenty of other investors, so competition could be stiff depending on which Key you are thinking of buying on. Here are the main differences between Hotels, Motels & Bed & Breakfasts:

Hotels

A hotel is typically a larger property with more rooms than a motel or bed and breakfast. Most hotels are several floors high with interior hallways and elevators. Some have restaurants, pools, gyms, or spas on the grounds.

Investors should consider the costs of hotel maintenance and other factors that will affect their profits. While a big hotel has the potential to bring in a lot of business, it will also require a larger staff and more maintenance. If the aim is to operate a luxury hotel, the standards for service and amenities will be even higher. A hotel investment is best for someone with a large amount of startup capital.

Motels

A motel is smaller than a hotel. Most are only two levels and offer fewer rooms than hotels. Hallways are on the outside of the building, and rooms typically face the parking lot.

Motels are designed for shorter stays, so they don’t offer the same amenities as hotels. Having fewer rooms means you can get away with a smaller staff, but there will also be less potential for profit. Motels are generally easier to run and therefore better for an investor who is just starting out.

Bed and Breakfast

A bed and breakfast, also called B&Bs is typically run out of a residential home rather than a commercial building. The home will have under 10 bedrooms, so only a few guests can stay at any given time. You’ll be expected to serve breakfast to your guests each morning in a common room or area where your guests can mingle with each other. Many Bed & Breakfast owners like to also create unique experiences by offering themed rooms or unique special bedrooms that are decorated to give the guest a special ambiance to match the local area. A Bed & Breakfast is ideal for someone looking to live in the home (or an adjacent property ) so that you can be available to your guests if needed. This offers the possibility of living in beautiful Key West while earning a living from your home to cover the higher property expense.

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated faster. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals! 

In the meantime, check out these 1-click searches:

  • All Businesses for Sale
  • Office Buildings
  • Hotels, Motels & Bed & Breakfasts
  • Bars & Restaurants
  • Marinas for Sale in Key West
  • Investment Properties
  • Business Opportunities

Hotels, Motels & Bed & Breakfasts for Sale in Key West, FL

GREAT INVESTMENT OPPORTUNIY IN PARADISE!Just a few minutes into the Keys, this 6 unit commercial building has a superb location with luscious US1 frontage. Current use is 3 daily rentals on top, with 3 office units below. Comes with 3 ROGO permits to the property, in an X flood zone, CBS structure, this property has it all. Don't sleep on this one! $1,850,000 Active

103365 Overseas Highway KEY LARGO, Florida

6 Beds 6 Baths 1,872 SqFt

Great Opportunity Awaits You on Indian River in Sebastian Florida! Overlooking the wide expanse of Indian River and located in the Restaurant & Hotel district of Historical Sebastian. The Davis House Inn has 12 1B/1B units with 2 units having double Beds. 3B/3B 3rd floor Penthouse owner's unit. A 2 Story Office building is joined by a Breezeway with Laundry & Carports below. 2B/1B Cottage on a separate parcel which includes a parcel on the Indian River with a Beach and Dock that will service 6 to 7 Boats.  All rooms are completely furnished. 3 Central AC units & 12 PTAC units. Included in the sale is 33' Stamas Sport Boat, Kayaks, 2 Wave Runners, Bicycles, Yard tools & Equip., Zero Turn John Deere Mower. Davis House Inn has a great rating on Bookings.com and 5 Star Reviews on all major websites. Call for an appointment to see this great opportunity to change your lifestyle. $3,995,000 Active

607 Davis Street OTHER, Florida

17 Beds 17 Baths 12,250 SqFt

Extraordinary resort on 4.6+ acres on the bay. This sale includes 2 fully staffed businesses and two parcels 00542940-000100 & 00542940-000000. (Dolphin Villas and Dolphins Plus Bayside). There are 6 buildings on the Dolphin Point Villas site. Each building has 2 story ceilings and wrap around covered balconies. This folio includes 2 pools, peninsula, marina and beach. Completed at end of 2017 and built above code. Dolphins Plus has 4000 + sf under air and other open air buildings. Dolphins Plus has 6 dolphins and trainers attracting people from all over the world. Wonderful opportunity to purchase both folios with great revenue potential. $23,600,000 Active

101910 Overseas Highway KEY LARGO, Florida

18 Beds 22 Baths 20,840 SqFt

Lower Duval Street, 12 unit guesthouse complex offering over sized single rooms, suites & 2 bedroom units with kitchens with large heated pool. ////  Perfect location within the 2-4 block Entertainment District of Old Town inclusive of bars, restaurants, theaters, Mallory Square attractions and the cruise ship port.  >>>>  Huge 13,000 sq ft parcel buffered from  traffic & street noise, with rooms being setback 40' from Duval.  The 200' deep parcel provides a  unique 100 foot separation between the front & rear, 3 & 2 story structures - offering guests considerably more privacy.   ***  Valuable 6 space, compact car guest parking  situated between the two collective 7,000 sq.ft buildings.  Casa 325 Suites offers a melding of a (7) unit, 100 year old 3 story, ship builders' construction - along with a more recently developed, 5 unit, 2 story structure offering larger rooms & vaulted ceilings.  +++  All units have custom furniture built from reclaimed Dade County Pine.  Large 2 bdrm ADA unit with kitchen. Prime Duval Street attractions booth included, situated at driveway entrance, currently leased out but should be operated by the Guesthouse operation itself.|||||  Go to Casa325.com for full array of pictures, layout of units & rates.  Excellent Trip Advisor Rating.  There are also (13) electric meters & ( 7 ) water meters on site.**  See 'Documents for Survey, Licenses & aerial with lot lines  ** CASH FLOW -  2021 - $1.3 mil gross with a $725,000 NOI.  89% Average Occupancy Rate. $800,000 Advance Bookings as of 5/14/2022. The oversized rooms and property amenities should support higher rates. (7) out of the 12 units have kitchens $14,250,000 Active

325 Duval Street KEY WEST, Florida

14 Beds 12 Baths 6,235 SqFt

Business Opportunities in Key West, FL

No properties found

Newest Commercial Properties for sale in Key West, FL

Space is on US 1 (Truman Ave) coming into Old Town. Large display windows in enclosed room off entry foyer. Could be storage for merchandise below or some type of seating use. Enter the main space through double glass doors into one large room, approximately 14' X 50'.  Kitchenette and bathroom at the back of the space.  Wood floors and high ceilings appoint the room. Street parking in front or on side streets.  High traffic location and close to everything. Studio, retail or office are all possible uses. $2,400 Active

1026 Truman Avenue down KEY WEST, Florida

1 Baths 1,658 SqFt

Built in 2007, this commercial, mixed-use property is situated on White Street off of Elgin Lane very close to Eaton Street and minutes to the Historic Seaport. The current commercial tenant is using the office space for chiropractor services. As you enter the front door, the current layout is as follows. A waiting area and enclosed front desk greet you. To the left of the waiting area is a private windowed office. As you continue into the space there is a treatment room to the right and a supply room to the left. Either of those rooms could easily be transformed into another office. Further on there is an efficiency style kitchen and an ADA compliant bathroom. A set of floating desks lies beside the kitchenette. There is the possibility here for 4 offices and a floating workspace. The property offers 3 off-street parking spaces for the business including an ADA compliant spot in the back of the building.  A private entrance in the rear of the building will lead you up a flight of stairs to the two one-bedroom, one bath units. Each unit offers a small kitchen and loft area. These apartments are in the affordable rental pool. ($1,600 each per month) Great place to live and work! $1,150,000 Active

412 White Street 101 KEY WEST, Florida

2 Beds 3 Baths 1,513 SqFt

Ideal Small Commercial Space for Lease in Old Town.  Excellent location next to the laundry mat on the corner of Eaton and Elizabeth Street's. Perfect for small retailer or business professional with approximately 500sq.ft. of space and street visibility. $2,950 Active

627 Eaton Street down KEY WEST, Florida

1 Baths 500 SqFt

Perfect private office space with windows available for lease office 214 is approx. ~162sf, perfect for two+ desk. Join the friendly business environment catering to a diversity of local small business owners located the 626 Josephine Parker Office Suites in Old Town Key West. Common area breakroom & restrooms, electric and water included. Sales tax is in addition to the monthly rent quoted. Parking is assignable and $150 in addition to rent each month. $1,000 Active

626 Josephine Parker Drive 214 KEY WEST, Florida

2 Baths 162 SqFt

Posted in: Bed & Breakfasts, Hospitality Businesses, Hotels, Key West, Motels, Owning a Business Tagged: B&B, bed & breakfast, Buying a B&B, Buying a Bed & Breakfast, Buying a Hotel, Buying a Motel, Florida, Hotels, Key West, Motels, Owing a Business

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