Sleep Inn & Suites


Price:
$2,500,000

Address :
10393 US 49
Gulfport, MS 39503


  •  Well built and maintained structure
  •  Top tier, midmarket brand
  •  Favorable lease structure
  •  Room for improvement in occupancy and RevPAR
  •  Absentee Ownership
    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:
    •  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
    •  5.7 Miles to Mississippi Aquarium (Opening 4/30/2020)
    •  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
2016
2017
2018
2019
T-12Mos 1/20
Occupancy
49.20%
53.16%
44.56%
41.71%
41.49%
Average Daily Rate
$70.91
$70.36
$77.49
$73.68
$74.08
RevPar
$32.47
$35.03
$34.53
$30.73
$30.73
Room Revenue
$848,836
$907,103
$894,733
$796,387
$796,454
Net Operating Income
N/A
$140,788
$134,111
$50,848
N/A
Note: Net operating incomes includes a Land Lease Expense that was not reported in documents from ownership, but will be taken on by the future owner
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!