Home News Tahiti Inn, Related Property on Market for $13.5 Million

Tahiti Inn, Related Property on Market for $13.5 Million

by admin
0 comment
Tahitian has been owned by the Garelli family since 1989. (Photo courtesy of Ocean City Real Estate Group)


Cecilia Gallelli-Keyes remembered that it was her late father’s dream to own a hotel or motel after moving from Italy to the United States in 1962.

When Mario Galeri moved his family from Pennsylvania to Ocean City, he bought Tahiti Inn and Apartments to offer a groundbreaking business near the beach and boardwalk.

The Gallelli family has owned Tahiti Inn since 1989, but is now considering options for selling motels, apartment buildings, and three adjacent plots used as two parking lots for $ 13.5 million. doing.

“Our family simply wants to diversify into others, and we are exploring some interesting options in the next chapter of our lives. Let’s see what happens. “Masu,” Gallelli-Keyes said in a statement on Monday.

She said her family was considering maintaining the motel and related properties for another 10 years, but at this point she decided to test Ocean City’s bright red real estate market.

Gallelli-Keyes owns a Tahiti Inn, an apartment, and three parcels, with a mother, Tristina, and two brothers, Pasquale and Franco. Her father, a well-known ocean city businessman, died on February 2, 2020.

“When he came to this country, owning a hotel was my father’s dream,” Gallerickies said in an interview.

The aerial photograph shows Tahitian and related properties surrounded by white for sale.

Overall, Tahiti Inn and Apartments and related properties are about an acre of major real estate on 11th Avenue and Ocean Avenue, just about a block from the beach and boardwalk.

Tahitian Inn has 42 rooms and suites, all with private bathrooms and some with kitchenettes. The motel’s facilities include a large outdoor heated pool and a sundeck area.

The apartment building contains 15 1 or 2 bedroom units with 1 or 2 bathrooms and a full kitchen.

Buyers have the option to redevelop the site using land in the Ocean City Hospitality Zone. Hotels, motels, restaurants, multipurpose development, and apartments including duplexes, triplexes, and quadraplexes are available in this area.

According to marketing material for sale produced by Ocean City Real Estate Group, “Such hospitality properties on such a huge beach block / offboard walkground are extremely rare in the island’s beach resort community.” It is about.

The motel and adjacent parking lots have a total frontage of 300 feet, providing the opportunity to subdivide the site into multiple double or triple compartments, marketing sources say.

The sale is touted as a “very rare, once-in-a-lifetime acquisition opportunity” just a short walk to the beach and family promenade.

One of the facilities of Tahiti Inn is the outdoor heated pool.

You may also like