Whispering Woods Hotel & Conference Center


Price:
  $3,750,000   
$3,495,000

Address :
11200 East Goodman Road
Olive Branch, MS 38654


  •  New lower price at $219,417 per unit
  •  Priced at a substantial discount to replacement costs
  •  Solid trends in revenues and profitability with further growth potential
  •  Brand affiliation options possibly include Holiday Inn, Radisson and Clarion
  •  180 room, 4-story, interior corridor full-service hotel built in 1972
  •  Conveniently located in metro Memphis, Tennessee
    View Map    View Aerial
  •  Memphis is the commercial, cultural, educational and medical hub for a tri-state region that is home to more than 1.23 million people.
  •  15 Miles to Memphis International Airport and the FedEx Terminal
  •  Close to Regional Demand Generators, Including...
    •  1.5 Miles to Metro Industrial Park
    •  4.4 Miles to Methodist Olive Branch Hospital, which opened in 2013
    •  14.7 Miles to LANDERS Center
    •  17.6 Miles to Graceland
    •  21 Miles to Beale Street
    •  21.4 Miles to FedEx Forum, Home to NBAýs Memphis Grizzlies
  •  180 Rooms
  •  Restaurant
  •  Conference Center
  •  Over 47,000 Square Feet
  •  Only Amphitheater Facility in the Market
  •  Business Center
  •  Guest Laundry
  •  Exercise Room
  •  Recreational Courtyard with Outdoor Pool
  •  4 Stories
  •  Interior Corridor
  •  Concrete Structure, Concrete Facade
  •  Flat, Built-Up Roof
  •  Asphalt Parking Lot
Financials
2014
2015
2016
2017
T-12Mos 2/18
Occupancy
49.79%
45.49%
47.45%
49.58%
50.02%
Average Daily Rate
$65.21
$64.03
$71.04
$70.23
$64.08
Room Revenue
$2,133,080
$1,913,699
$2,218,135
$2,211,720
$2,102,126
Total Revenue
$3,214,337
$2,820,648
$3,504,489
$3,573,387
$3,442,311
Net Operating Income
$289,990
($54,087)
$410,519
$327,625
$236,275
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!