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Hotel-Motel

Best Western Columbus, MS

303 Shoney Dr, Columbus, MS 39705

Listing Price: $4,200,000

Cap Rate
4.63%
Number of Rooms
73
RevPAR
$34
Gross SF
29,888
Price/Room
$57,534
RRM
4.68
Price/Gross SF
$140.52
Year Built
1997

Investment Overview

The Best Western Columbus, MS is a well-established hotel still owned and operated by the original developer. The hotel has a long history of solid revenues due to the hotel's great condition and close proximity to demand generators. Columbus, MS is located within the Golden Triangle (GTR) which is a high-tech manufacturing and industrial zone covering the area between Columbus, Starkville, and West Point. The Golden Triangle has attracted over $5.9 Billion of investment since 2008. Some of the largest job providers in the Golden Triangle area Airbus Helicopters and Severstal Steel.

Just north of the Best Western is the Columbus Air Force Base established in 1941 that serves as a training base for the Air Force. Also nearby, is Mississippi State University located just 20 miles away. Mississippi State is the second-largest university in the state and attracts millions of visitors a year. Many of these visitors choose to stay in Columbus for better rates and more room availability.

The Best Westen Columbus is a great opportunity for a regional owner or an owner / operator to continue the great business that has been established. The hotel suffered during the 2020 pandemic with most hospitality assets but with business travel starting back, the Air Force beginning its projects, and events starting back at Miss. State the property should quickly get back on track. The owner has always maintained the hotel to its highest standards and minimal PIP is expected upon the sale.

Investment Highlights

  • Well Established Hotel in the Main Retail Corridor of Columbus
  • Multiple Demand Generators -Air Force Base /Miss. State University /Golden Triangle
  • Minimal PIP Expected on Sale
  • One Owner Property
  • Recently Renovated with New Carpet / New Casegoods/ Exterior Paint

Exclusively Listed By

Hotel-Motel

Best Western Columbus, MS

Listing Price: $4,200,000

Cap Rate
4.63%
Number of Rooms
73
RevPAR
$34
Gross SF
29,888
Price/Room
$57,534
RRM
4.68
Price/Gross SF
$140.52
Year Built
1997

Investment Highlights

  • Well Established Hotel in the Main Retail Corridor of Columbus
  • Multiple Demand Generators -Air Force Base /Miss. State University /Golden Triangle
  • Minimal PIP Expected on Sale
  • One Owner Property
  • Recently Renovated with New Carpet / New Casegoods/ Exterior Paint

Investment Overview

The Best Western Columbus, MS is a well-established hotel still owned and operated by the original developer. The hotel has a long history of solid revenues due to the hotel's great condition and close proximity to demand generators. Columbus, MS is located within the Golden Triangle (GTR) which is a high-tech manufacturing and industrial zone covering the area between Columbus, Starkville, and West Point. The Golden Triangle has attracted over $5.9 Billion of investment since 2008. Some of the largest job providers in the Golden Triangle area Airbus Helicopters and Severstal Steel.

Just north of the Best Western is the Columbus Air Force Base established in 1941 that serves as a training base for the Air Force. Also nearby, is Mississippi State University located just 20 miles away. Mississippi State is the second-largest university in the state and attracts millions of visitors a year. Many of these visitors choose to stay in Columbus for better rates and more room availability.

The Best Westen Columbus is a great opportunity for a regional owner or an owner / operator to continue the great business that has been established. The hotel suffered during the 2020 pandemic with most hospitality assets but with business travel starting back, the Air Force beginning its projects, and events starting back at Miss. State the property should quickly get back on track. The owner has always maintained the hotel to its highest standards and minimal PIP is expected upon the sale.

Exclusively Listed By

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