Sleep Inn & Suites


Price:
$3,450,000

Address :
10393 US 49
Gulfport, MS 39503


  •  Well built and maintained structure
  •  Top tier, midmarket brand
  •  Limited PIP
  •  Favorable land lease structure
  •  Absentee Ownership
  •  The hotel is being offered subject to the existing franchise license agreement. Choice Hotels is expected to grant a standard Sleep Inn & Suites license agreement upon the completion of a Product Improvement Plan (PIP).
    View Map    View Aerial
  •  Gulfport is the population center for Harrison County, and the Gulfport-Biloxi-Pascagoula, Mississippi Combined Statistical Area is home to 427,322 people.
  •  The dynamic Gulfport-Biloxi economy is stabilized by the large military presence. Other important sectors include shipbuilding, manufacturing, health care, and tourism.
  •  Close to Regional Demand Generators, Including...
    •  0.4 Miles to Crossroads Center
    •  1.0 Miles to Gulfport Premium Outlets
    •  2.0 Miles to Gulf Islands Waterpark
    •  2.2 Miles to Gulfport Sportsplex
    •  2.6 Miles to Gulfport-Biloxi International Airport
    •  5.6 Miles to Island View Casino
    •  10 Miles to Harrison County Fairgrounds
    •  12 Miles to Mississippi Coast Coliseum & Convention Center
    •  15 Miles to North Harrison County Industrial Complex
  •  71 Rooms
  •  Continental Breakfast Area (Seats 24)
  •  Sundry Shop
  •  Business Center
  •  Guest Laundry
  •  Fitness Center
  •  Wireless Internet
  •  3 Stories
  •  Interior Corridors
  •  Wood Frame Structure
  •  EIFS & Stone Facade
  •  Pitched, Asphalt Shingle Roof
  •  Concrete Parking Lot
  •  Built 2014
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2014
2015
2016
2017
T-12Mos 6/18
Occupancy
43.50%
53.02%
49.20%
53.16%
47.28%
Average Daily Rate
$71.64
$69.01
$70.91
$70.36
$76.20
Room Revenue
$588,568
$869,237
$848,836
$907,103
$890,839
Net Operating Income
$79,112
$(8,283)
$69,059
$175,788
$143,078
Note: The property was opened in April 2014. Operating statistics for 2014 are for April - December

Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!