Rodeway Inn


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).
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  •  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
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!