The Gloucestershire Hotel priced at US$6.25 million (j$720m) becomes the latest property for sale in Montego Bay.
The 96-room property went on sale this week.
The property was owned by local businessman John Sinclair who died in February 2013. The proposed sale forms part of his final will and testament.
The Wexford Hotel is also for sale at US$8.5 million, reduced from US$12.5 million.