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Hotel-Motel

Days Inn Greenville

2701 US-82, Greenville, MS 38703

Listing Price: $5,750,000

Cap Rate
14.13%
Number of Rooms
120
RevPAR
$46
Price/Room
$47,917
RRM
2.95
Year Built
1985

Investment Overview

Marcus & Millichap has been exclusively retained to market for sale the fee simple interest in the Days Inn Greenville located in Greenville, Mississippi with high visibility off US Route 82 which runs East/West from Georgia to New Mexico. The two-story property features 120 well-appointed guest rooms and offers free Wi-Fi, free parking that can accommodate buses and trucks, a seasonal outdoor swimming pool, and one meeting room for up to 20 conference guests. The Days Inn Greenville provides the opportunity for a new owner to acquire a highly recognized limited-service brand with minimal new ownership pip.

Greenville is in the heart of the Mississippi Delta and is the 9th most populous city in the state. It is the county seat of Washington County and sits on the Western border of Mississippi along Lake Ferguson, just a short drive from the Mississippi River. The Days Inn Greenville offers convenient access within walking distance to many national and local retail tenants and restaurants. Visitors come from all over to experience the vibrant blues culture and the area’s attractions such as two casinos, Lake Ferguson, Delta Museum Mile, Warfield Point Park, Leroy State Percy Park, and several Blues festivals throughout the year, the most popular being The Mississippi Delta Blues & Heritage Festival, the oldest blues festival in the world attracting over 20,000 attendees. Harlow’s Casino, located 11 miles away, is a 33,000 SF gaming casino and resort, offering guests a variety of attractions, dining options and accommodations. The casino generates over $7.5 in annual revenue and employs over 300 individuals. In addition to gaming, the casinos is equipped to host an array of events including weddings, trade shows, corporate meetings, and more. Tropicana Casino Greenville, 3.8 miles away, offers 600+ slot machines, table games, and a restaurant for visitors to enjoy during their visit. The Delta Hot Tamale Fest, featured in publications such as Travel & Leisure, generates over $6 million annually bringing in visitors from at least 8 different countries and doubling the town’s population. The local economy continues to rely heavily on cotton farming with support of the healthcare, tourism, and food production industries. Delta Regional Medical Center is less than 2 miles from the subject property. Greenville Mid-Delta Airport offers direct flights to Dallas and Nashville via contour airlines. Mississippi Department of Transportation has invested over $200 million in infrastructure improvements to the Mississippi Delta and surrounding west Mississippi region to increase business, safety, and efficiency throughout the area.

Investment Highlights

  • Fee simple interest in the 120-unit Days Inn located in Greenville, Mississippi
  • High visibility situated on East/West throughfare US Route 82 , situated on the border of Arkansas & Mississippi, right along the Mississippi River
  • Greenville is the heart of the Mississippi Delta known for its vibrant Blues history & culture attracting visitors from all over the world
  • Mississippi Department of Transportation (MDOT) announced several infrastructure improvement projects to increase business & efficiency in the western region | $137M investment to make U.S. 82 to a 4-lane highway from State Route 1 to Leland
  • Greenville's various festivals heavily contribute to the local economy bringing in crowds that double the local population: Juke Joint Festival, Mississippi Delta Blues & Heritage Festival, the Delta Hot Tamale Festival, and more
  • Winterville Indian Mounds, 7.6 miles away, recognized as a National Historic Landmark, one of the largest Native American mound sites in the United States
  • Delta Regional Medical Center, 2 miles away, 398-bed not-for-profit hospital
  • Attractions: Lake Ferguson, Harlow Casino, Warfield Point State Park, Leroy Percy State Park, Delta Museum Mile

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Hotel-Motel

Days Inn Greenville

Listing Price: $5,750,000

Cap Rate
14.13%
Number of Rooms
120
RevPAR
$46
Price/Room
$47,917
RRM
2.95
Year Built
1985

Investment Highlights

  • Fee simple interest in the 120-unit Days Inn located in Greenville, Mississippi
  • High visibility situated on East/West throughfare US Route 82 , situated on the border of Arkansas & Mississippi, right along the Mississippi River
  • Greenville is the heart of the Mississippi Delta known for its vibrant Blues history & culture attracting visitors from all over the world
  • Mississippi Department of Transportation (MDOT) announced several infrastructure improvement projects to increase business & efficiency in the western region | $137M investment to make U.S. 82 to a 4-lane highway from State Route 1 to Leland
  • Greenville's various festivals heavily contribute to the local economy bringing in crowds that double the local population: Juke Joint Festival, Mississippi Delta Blues & Heritage Festival, the Delta Hot Tamale Festival, and more
  • Winterville Indian Mounds, 7.6 miles away, recognized as a National Historic Landmark, one of the largest Native American mound sites in the United States
  • Delta Regional Medical Center, 2 miles away, 398-bed not-for-profit hospital
  • Attractions: Lake Ferguson, Harlow Casino, Warfield Point State Park, Leroy Percy State Park, Delta Museum Mile

Investment Overview

Marcus & Millichap has been exclusively retained to market for sale the fee simple interest in the Days Inn Greenville located in Greenville, Mississippi with high visibility off US Route 82 which runs East/West from Georgia to New Mexico. The two-story property features 120 well-appointed guest rooms and offers free Wi-Fi, free parking that can accommodate buses and trucks, a seasonal outdoor swimming pool, and one meeting room for up to 20 conference guests. The Days Inn Greenville provides the opportunity for a new owner to acquire a highly recognized limited-service brand with minimal new ownership pip. Greenville is in the heart of the Mississippi Delta and is the 9th most populous city in the state. It is the county seat of Washington County and sits on the Western border of Mississippi along Lake Ferguson, just a short drive from the Mississippi River. The Days Inn Greenville offers convenient access within walking distance to many national and local retail tenants and restaurants. Visitors come from all over to experience the vibrant blues culture and the area’s attractions such as two casinos, Lake Ferguson, Delta Museum Mile, Warfield Point Park, Leroy State Percy Park, and several Blues festivals throughout the year, the most popular being The Mississippi Delta Blues & Heritage Festival, the oldest blues festival in the world attracting over 20,000 attendees. Harlow’s Casino, located 11 miles away, is a 33,000 SF gaming casino and resort, offering guests a variety of attractions, dining options and accommodations. The casino generates over $7.5 in annual revenue and employs over 300 individuals. In addition to gaming, the casinos is equipped to host an array of events including weddings, trade shows, corporate meetings, and more. Tropicana Casino Greenville, 3.8 miles away, offers 600+ slot machines, table games, and a restaurant for visitors to enjoy during their visit. The Delta Hot Tamale Fest, featured in publications such as Travel & Leisure, generates over $6 million annually bringing in visitors from at least 8 different countries and doubling the town’s population. The local economy continues to rely heavily on cotton farming with support of the healthcare, tourism, and food production industries. Delta Regional Medical Center is less than 2 miles from the subject property. Greenville Mid-Delta Airport offers direct flights to Dallas and Nashville via contour airlines. Mississippi Department of Transportation has invested over $200 million in infrastructure improvements to the Mississippi Delta and surrounding west Mississippi region to increase business, safety, and efficiency throughout the area.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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