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Hotel-Motel

Sleep Inn & Suites (Airport)

333 Airport Rd S, Pearl, MS 39208

Listing Price: $2,650,000

Cap Rate
5.29%
Number of Rooms
72
RevPAR
$25
Gross SF
33,038
Price/Room
$36,806
RRM
4.03
Price/Gross SF
$80.21
Year Built
2007

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.

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

Exclusively Listed By

Hotel-Motel

Sleep Inn & Suites (Airport)

Listing Price: $2,650,000

Cap Rate
5.29%
Number of Rooms
72
RevPAR
$25
Gross SF
33,038
Price/Room
$36,806
RRM
4.03
Price/Gross SF
$80.21
Year Built
2007

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

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