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Red Roof Inn
Price:
$5,450,000
$4,950,000
Address :
9435 US 49
Gulfport, MS 39503
Well located on US 49 off Interstate 10
Significant renovations in past 18 months; minimal PIP anticipated
Concrete block construction
Rapidly growing senior retirement area
Multiple and varied demand sources
Owner’s apartment makes for ease of operation
Location/Market
Physical Plant
Financials
Gulfport is the population center for Harrison County, and the Gulfport-Biloxi-Pascagoula, Mississippi Combined Statistical Area is home to 427,322 people.
The dynamic Gulfport-Biloxi economy is stabilized by the large military presence. Other important sectors include shipbuilding, manufacturing, health care, and tourism.
Close to Regional Demand Generators:
Gulfport Premium Outlets
Seaway Business Park
Gulfport-Biloxi International Airport
Gulf Islands Waterpark
Gulfport Sportsplex
Mississippi Aquarium
Harrison County Fairgrounds
Mississippi Coast Coliseum & Convention Center
North Harrison County Industrial Complex
2 Stories
Exterior Corridors
Block Construction
Stucco Facade
Flat, Rubber Roof
Concrete Parking Lot
Complimentary Continental Breakfast Room (Seats 42)
Guest Laundry
Fitness Center
Wireless Internet
±2.6 Acres
Built 1994
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Financials
2019
2020
2021
T-12Mos 3/22
Occupancy
39.89%
48.49%
64.1%
56.8%
Average Daily Rate
$66.54
$63.37
$75.13
$91.40
Room Revenue
$1,046,280
$1,214,674
$1,755,534
N/A
Net Operating Income
$198,126
$279,936
$558,284
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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