Hotel-Motel
Sleep Inn & Suites (Airport)
333 Airport Rd S, Pearl, MS 39208
Listing Price: $2,650,000
Investment Overview
The Sleep Inn & Suites Pearl, MS allows an investor to purchase an established hotel near solid demand generators at well below replacement costs. This is a great value-add opportunity with more hands-on management the hotel revenues should increase tremendously. The current owner/operator has been mainly an absentee operator for the past 3 years. The hotel has consistently performed far below its Comp Set per the STR report showing the upside potential available in the market. The hotel is primed for a new owner to come in and drive the revenues by running the hotel more efficiently.
The property was constructed by the current owner in 2007 and it has always operated under the Sleep Inn by Choice flag. The hotel has been upgraded over the past 5 years with a new lobby, upgraded rooms, and general property upgrades. The roof was replaced with a metal roof in 2016. The PIP is expected to be minimal but with known PIP items to be new lounge chairs and room carpet.
Exclusively Listed By
Listing Price: $2,650,000
Investment Highlights
- Value Add Opportunity
- Located in Pearl, Mississippi - Part of the Jackson MSA
- Valued Well Below Replacement Cost
- Absentee Owner for Past Three Years
- Well Maintained Hotel with Many Upgrades from 2014-2019
- Roof Replaced with Metal Roof in 2016
Investment Overview
The Sleep Inn & Suites Pearl, MS allows an investor to purchase an established hotel near solid demand generators at well below replacement costs. This is a great value-add opportunity with more hands-on management the hotel revenues should increase tremendously. The current owner/operator has been mainly an absentee operator for the past 3 years. The hotel has consistently performed far below its Comp Set per the STR report showing the upside potential available in the market. The hotel is primed for a new owner to come in and drive the revenues by running the hotel more efficiently.
The property was constructed by the current owner in 2007 and it has always operated under the Sleep Inn by Choice flag. The hotel has been upgraded over the past 5 years with a new lobby, upgraded rooms, and general property upgrades. The roof was replaced with a metal roof in 2016. The PIP is expected to be minimal but with known PIP items to be new lounge chairs and room carpet.
Exclusively Listed By
