Rodeway Inn


Price:
$795,000

Address :
1112 Highway 82 E
Indianola, MS 38751


  •  Click HERE for more information
  •  Financing is Available; please ask for available lender term sheet
  •  Motivated ownership and management that desires to retire
  •  Prime location on eastern side of Indianola at the intersection of US Highway 82 & US Highway 49
  •  Easy operation to run with 32 rooms
  •  2-Bedroom Managers Apartment
  •  Low PIP expected from current franchisor
  •  Affordable entry price
  •  The hotel is being offered subject to the existing franchise. Rodeway Inn is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
    View Map    View Aerial
  •  Prime location and visibility from US Highway 82 for travelers coming into Indianola traveling from the east
  •  Convenient to Sunflower County Hospital
  •  Close to Regional Demand Generators, Including
    •  1.6 Miles to B. B. King Museum and Delta Interpretive Center
    •  2.5 Miles to Dollar General Distribution Center
    •  9 Miles to Mississippi Delta Community College
    •  15 Miles to Jim Henson Center and Leland Exhibit Hall (Birthplace of Kermit the Frog)
    •  26 Miles to Cleveland Railroad Museum
  •  34 Keyed Units (32 Franchised Rooms)
  •  2 Bedroom Managers Apartment Connected to Lobby
  •  Coffee Station
  •  Wireless Internet
  •  Truck Parking
  •  2 Stories
  •  Exterior Corridor
  •  Concrete Block Structure
  •  EIFS Facade
  •  Flat Roof with Standing Seam Metal Mansard
  •  Asphalt Parking Lot
  •  Built 1965
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
2015
2016
2017
Occupancy
32.15%
30.63%
23.09%
Average Daily Rate
$50.94
$53.91
$52.95
Room Revenue
$191,301
$192,880
$143,183
Net Operating Income
$84,704
$86,410
N/A
Operating statistics based on 32 franchised rooms.
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!