This Hotel & Motel Property is Off-Market.

6553 US Hwy 49 N
Hattiesburg, MS 39401 ·

172 Rooms · Hotel & Motel For Sale

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Howard Johnson Express Inn

Price N/A Property Sub-type Economy/Limited Service
No. Rooms 172 Property Use Type Vacant/Owner-User
Building Size 60,042 SF No. Stories 4
Property Type Hotel & Motel Lot Size 5 AC
Listing ID: 14095563 Date Created: 01/11/2005 Last Updated: 06/19/2006

Description

172 Total consisting of doubles, king-size, queen-size, mini-suites, presidential suites, honeymoon suites, and kitchenette rooms. 3 stories, exterior entrance, elevator - hotel has been renovated - buy below appraisal - lots of upside potential - owners motivated to sell quickly

Hotels in area average 70% occupancy over the last 5 years - today property is currently running at 90% occupancy. Hwy 49 N - great growth area in Hattiesburg, across from convention center operating at 105% capacity and will start expanding convention center this year. Major businesses in the area, University of Southern MS, home of Camp Shelby (Army base) and Regional Hospital. Just off Interstate 59, many other motels in the area.

Highlights

  • Rented over 2500 rooms the month of 2/05
  • Priced below appraisal
  • Owner's motivated
  • Make an offer
  • Great location

Research

6553 US Hwy 49 N, Hattiesburg, MS 39401 (Forrest County)

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