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Key West Inn
Price:
$2,300,000
Address :
11635 US-61
Tunica, MS 38664
Excellent location and visibility on Highway 61
Easy 30 minute drive to Metro Memphis, TN
Equidistant to all six major casinos in area
Ideal size and operating model for owner/ operator
One-bedroom manager’s apartment on site
Priced well below replacement cost
Location/Market
Physical Plant
Financials
Tunica County is the southernmost county in the Memphis, TN-AR-MS metropolitan area, which is home to 1.16 million people
Well-located on US Highway 61
Close to Regional Demand Generators:
Casinos of Tunica Resort
Tunica Arena and Exposition Center
Tunica National Golf and Tennis
Tunica RiverPark and Museum
Henderson Aquatics Center
Mullen USA’s Advanced Manufacturing Engineering Center
Tunica Windpower, LLC Wind Farm
44 Guest Rooms
2 Stories, Exterior Corridor
Wood Frame Construction
Wood Façade
Pitched, Metal Roof
Asphalt Parking Lot
Wireless Internet
Continental Breakfast Area
Guest Laundry
One-Bedroom Manager’s Apartment
Built in 1995
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Financials
2020
2021
2022
T-12Mos1/23
Occupancy
60.41%
74.64%
53.61%
52.85%
Average Daily Rate
$53.58
$70.33
$75.61
$75.44
Room Revenue
$497,554
$804,665
$621,380
$611,141
Net Operating Income
$161,412
$422,213
$278,161
N/A
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!
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