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Hotel-Motel

Fairfield Inn & Suites by Marriott Gulfport

15151 Turkey Creek Dr, Gulfport, MS 39503

Listing Price: Request For Offer

Number of Rooms
79
RevPAR
$47
Year Built
1997

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Fairfield Inn & Suites by Marriott Gulfport (‘Hotel’ or ‘Property’) located in College Station, Texas. The Choice Hotels-branded Hotel is offered on a "Call for Offers" basis. Please contact the listing agent for more information.

The Fairfield Inn & Suites by Marriott Gulfport is a 79-room, three-story Hotel stationed at 15151 Turkey Creek Drive in Gulf Port, Mississippi, just off Highway 49 and 2.1 miles from the Gulfport-Biloxi International Airport. Various common area amenities at the Property include an indoor pool, fitness center, guest laundry facilities, and parking with the capacity to accommodate recreational vehicles.

Gulfport offers an array of activities catering to diverse interests. Visitors can bask in the sun and enjoy the pristine beaches at Gulfport Beach or embark on a family-friendly adventure at Lynn Meadows Discovery Center, boasting interactive exhibits. For those seeking entertainment, Island View Casino Resort and Gulf Islands Waterpark provide gaming thrills and aquatic fun. History enthusiasts can explore Ship Island Excursions and its historic forts or visit the Walter Anderson Museum of Art. Shopping enthusiasts can head to Gulfport Premium Outlets, while outdoor lovers can relish the scenic beauty of Jones Park. The location ideally captivates visitors seeking extensive beach activities, golfing getaways, casino weekends, and immersive cultural experiences, making it convenient to explore Gulfport's myriad attractions.

In addition to its bustling attractions, Gulfport offers various activities that might warrant a hotel stay. Golf enthusiasts can enjoy multiple rounds at the Great Southern Golf Club or the Bayou Vista Golf Course. Those interested in marine life and ecology can embark on fishing charters or eco-tours, exploring the unique Gulfport environment. The city's vibrant culinary scene invites foodies to savor fresh seafood at local restaurants, and there are annual events like the Gulfport Music Festival or Cruisin' the Coast car show entice visitors seeking lively entertainment.

In the trailing twelve-month period ending in December 2022, the limited-service Hotel recorded room revenues of over $1.6 million and a net operating income just over $309,000 as a percentage of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

Investment Highlights

  • Three-Story, 79-Room, Marriott Hotels & Resorts-Branded Hotel
  • Highly Visible and Easily Accessible from Highway 49
  • Nearby Prominent Demand Generators Include Island View Casino, Gulfport Beach, and Lynn Meadows Discovery Center
  • Attractive Location Two Miles from Gulfport-Biloxi International Airport
  • 2022 Room Revenues Exceeded $1.6 Million while Maintaining a NOI Over $309 Thousand
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Hotel-Motel

Fairfield Inn & Suites by Marriott Gulfport

Listing Price: Request For Offer

Number of Rooms
79
RevPAR
$47
Year Built
1997

Investment Highlights

  • Three-Story, 79-Room, Marriott Hotels & Resorts-Branded Hotel
  • Highly Visible and Easily Accessible from Highway 49
  • Nearby Prominent Demand Generators Include Island View Casino, Gulfport Beach, and Lynn Meadows Discovery Center
  • Attractive Location Two Miles from Gulfport-Biloxi International Airport
  • 2022 Room Revenues Exceeded $1.6 Million while Maintaining a NOI Over $309 Thousand
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Fairfield Inn & Suites by Marriott Gulfport (‘Hotel’ or ‘Property’) located in College Station, Texas. The Choice Hotels-branded Hotel is offered on a "Call for Offers" basis. Please contact the listing agent for more information. The Fairfield Inn & Suites by Marriott Gulfport is a 79-room, three-story Hotel stationed at 15151 Turkey Creek Drive in Gulf Port, Mississippi, just off Highway 49 and 2.1 miles from the Gulfport-Biloxi International Airport. Various common area amenities at the Property include an indoor pool, fitness center, guest laundry facilities, and parking with the capacity to accommodate recreational vehicles. Gulfport offers an array of activities catering to diverse interests. Visitors can bask in the sun and enjoy the pristine beaches at Gulfport Beach or embark on a family-friendly adventure at Lynn Meadows Discovery Center, boasting interactive exhibits. For those seeking entertainment, Island View Casino Resort and Gulf Islands Waterpark provide gaming thrills and aquatic fun. History enthusiasts can explore Ship Island Excursions and its historic forts or visit the Walter Anderson Museum of Art. Shopping enthusiasts can head to Gulfport Premium Outlets, while outdoor lovers can relish the scenic beauty of Jones Park. The location ideally captivates visitors seeking extensive beach activities, golfing getaways, casino weekends, and immersive cultural experiences, making it convenient to explore Gulfport's myriad attractions. In addition to its bustling attractions, Gulfport offers various activities that might warrant a hotel stay. Golf enthusiasts can enjoy multiple rounds at the Great Southern Golf Club or the Bayou Vista Golf Course. Those interested in marine life and ecology can embark on fishing charters or eco-tours, exploring the unique Gulfport environment. The city's vibrant culinary scene invites foodies to savor fresh seafood at local restaurants, and there are annual events like the Gulfport Music Festival or Cruisin' the Coast car show entice visitors seeking lively entertainment. In the trailing twelve-month period ending in December 2022, the limited-service Hotel recorded room revenues of over $1.6 million and a net operating income just over $309,000 as a percentage of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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