Skip to main content

Hotel-Motel

Hampton Inn Cleveland

912 N Davis Ave, Cleveland, MS 38732

Listing Price: Request For Offer

Number of Rooms
75
RevPAR
$66
Year Built
2007

Investment Overview

High Quality, Limited-Service Asset: The Hampton Inn is an upper-midscale Hilton-branded Hotel featuring 75 guestrooms throughout four stories. The Hotel features a fitness center, business center, and outdoor pool. Prime Location: The Property is highly visible from Highway 61 (North Davis Ave), the busiest road in Cleveland by traffic count. This strategic location allows easy access to the key demand generators in the area such as Delta State University (3.2 miles), Dockery Farms (2.4 miles), The Grammy Museum-Mississippi (2.9 miles), and Bologna Performing Arts Center (3.1 miles). Market Penetration: As one of only two upper-midscale Hotels within the Cleveland city limits, a new investor can expect exceptional market penetration. In 2018 and 2019, the Hampton Inn recorded an average RevPAR penetration of 120 percent. Significant Top-Line Revenue: Boasting an average room revenue of over $1.98 million in 2018 and 2019, the Property is expected to continue to experience strong year-over-year Hotel revenues. Hampton Inn & Suites by Hilton Brand: The Property benefits from Hilton Worldwide Brand Affiliation, which provides a powerful reservation system, and strong brand loyalty created by the popular Hilton HHonors program. Fee Simple Offering: The Property is offered fee simple and unencumbered by any management or debt.

Investment Highlights

  • Four-Story, 75-Room, Limited-Service Hotel Built in 2007
  • Ideal Location off Highway 61, Cleveland's Busiest Road by Traffic Count
  • One of Two Upper-Midscale Hotels in Cleveland, Mississippi
  • 2018 and 2019 RevPAR Penetration Index Average of 120 Percent
  • Significant Top Line Room Revenues Average of Nearly $2 Million in 2018 and 2019
  • Offered Fee Simple, Unencumbered by Management Contract or Debt

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Hotel-Motel

Hampton Inn Cleveland

Listing Price: Request For Offer

Number of Rooms
75
RevPAR
$66
Year Built
2007

Investment Highlights

  • Four-Story, 75-Room, Limited-Service Hotel Built in 2007
  • Ideal Location off Highway 61, Cleveland's Busiest Road by Traffic Count
  • One of Two Upper-Midscale Hotels in Cleveland, Mississippi
  • 2018 and 2019 RevPAR Penetration Index Average of 120 Percent
  • Significant Top Line Room Revenues Average of Nearly $2 Million in 2018 and 2019
  • Offered Fee Simple, Unencumbered by Management Contract or Debt

Investment Overview

High Quality, Limited-Service Asset: The Hampton Inn is an upper-midscale Hilton-branded Hotel featuring 75 guestrooms throughout four stories. The Hotel features a fitness center, business center, and outdoor pool. Prime Location: The Property is highly visible from Highway 61 (North Davis Ave), the busiest road in Cleveland by traffic count. This strategic location allows easy access to the key demand generators in the area such as Delta State University (3.2 miles), Dockery Farms (2.4 miles), The Grammy Museum-Mississippi (2.9 miles), and Bologna Performing Arts Center (3.1 miles). Market Penetration: As one of only two upper-midscale Hotels within the Cleveland city limits, a new investor can expect exceptional market penetration. In 2018 and 2019, the Hampton Inn recorded an average RevPAR penetration of 120 percent. Significant Top-Line Revenue: Boasting an average room revenue of over $1.98 million in 2018 and 2019, the Property is expected to continue to experience strong year-over-year Hotel revenues. Hampton Inn & Suites by Hilton Brand: The Property benefits from Hilton Worldwide Brand Affiliation, which provides a powerful reservation system, and strong brand loyalty created by the popular Hilton HHonors program. Fee Simple Offering: The Property is offered fee simple and unencumbered by any management or debt.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

MM Texture Background
MM Textured Background Lower