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Sleep Inn & Suites
Price:
$2,500,000
Address :
10393 US 49
Gulfport, MS 39503
Well built and maintained structure
Top tier, midmarket brand
Favorable lease structure
Room for improvement in occupancy and RevPAR
Absentee Ownership
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:
0.4 Miles to Crossroads Center
1.0 Miles to Gulfport Premium Outlets
2.0 Miles to Gulf Islands Waterpark
2.2 Miles to Gulfport Sportsplex
2.6 Miles to Gulfport-Biloxi International Airport
5.6 Miles to Island View Casino
5.7 Miles to Mississippi Aquarium (Opening 4/30/2020)
10 Miles to Harrison County Fairgrounds
12 Miles to Mississippi Coast Coliseum & Convention Center
15 Miles to North Harrison County Industrial Complex
71 Rooms
Continental Breakfast Area (Seats 24)
Sundry Shop
Business Center
Guest Laundry
Fitness Center
Wireless Internet
3 Stories
Interior Corridors
Wood Frame Structure
EIFS & Stone Facade
Pitched, Asphalt Shingle Roof
Concrete Parking Lot
Built 2014
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Financials
2016
2017
2018
2019
T-12Mos 9/20
Occupancy
49.20%
53.16%
44.56%
41.71%
34.21%
Average Daily Rate
$70.91
$70.36
$77.49
$73.68
$77.68
RevPar
$32.47
$35.03
$34.53
$30.73
$26.58
Room Revenue
$848,836
$907,103
$894,733
$790,727
$690,589
Net Operating Income
N/A
$140,788
$134,111
$50,848
N/A
Note: Net operating incomes includes a Land Lease Expense that was not reported in documents from ownership, but will be taken on by the future owner
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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