Whispering Woods Hotel & Conference Center


Price:
  $3,750,000   
$3,495,000

[Currently Under Contract]

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
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
2014
2015
2016
2017
T-12Mos 10/18
Occupancy
49.79%
45.49%
47.45%
49.58%
47.74%
Average Daily Rate
$65.21
$64.03
$71.04
$70.23
$65.57
Room Revenue
$2,133,080
$1,913,699
$2,218,135
$2,211,720
$2,046,372
Total Revenue
$3,214,337
$2,820,648
$3,504,489
$3,573,387
$3,226,788
Net Operating Income
$289,990
($54,087)
$410,519
$327,625
$161,479
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!