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
Financials
2014
2015
2016
T-12Mos 9/17
Occupancy
43.50%
53.02%
49.20%
53.73%
Average Daily Rate
$71.64
$69.01
$70.91
$73.77
Room Revenue
$588,568
$869,237
$848,836
$930,355
Net Operating Income
$79,112
$(8,283)
$69,059
N/A
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!