Wexford Hotel for sale; priced at US$12.5m

Wexford Hotel for sale; priced at US$12.5m

COLDWELL Banker aims to sell the Wexford Hotel in Montego Bay
for US$12.5 million ($1.4 billion).

It currently represents the most expensive hotel listing online
by the realty firm.

“It’s been on the market for under a year by us,” said Andrew
Issa, broker and managing director at Coldwell.

He declined to say more about prospects, referring the Observer
to Wexford chairman Carlyle Allen, who did not return calls up
to print.

The hotel located on Gloucester Avenue includes 82 rooms — 21
of which have a view of the ocean.

Wexford was built in 1977 and it quickly became a landmark
along Montego Bay’s traditional marquee street. In order to
maintain its relevance, the property was recently renovated
adding contemporary flair and décor.

“The Wexford is located on the hip strip in the centre of
shopping and dining, walking distance to the famous Doctor’s
Cave Beach and minutes from the airport,” reads a description
written on Coldwell’s website. “Ocean views and sunsets are a
daily backdrop.”

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