This property is Off-Market
5035 I-55 North
Jackson, MS 39206 ·
133 Rooms · Hotel & Motel For Sale
Best Value Inn & Suites & Lounge
|Price||N/A||Property Sub-type||Economy/Limited Service|
|No. Rooms||133||Property Use Type||Investment|
|Building Size||65,252 SF||Corridor||Exterior|
|Property Type||Hotel & Motel||Lot Size||125,000 SF|
|Listing ID: 18374057||Date Created: 09/25/2013||Last Updated: 12/10/2013|
Exceptional Opportunity at Prime Interstate Visibility.Outstanding Location.Offered Price only $ 2.2 Million with Owner Financing Available.Asking little over 2X times revenue.Renovated Rooms.Strong Revenue/NOI/CAP and bottom line.Ask for Financials to review the property today.Property with a such strong revenue and NOI is hard to find.Operating as a Independent brand .No Franchise.Guaranteed lease / profit income from Renowned sports bar and lounge.Renovated Rooms.Turn Key operations.Dont miss this opportunity to acquire a cash flow strong NOI Asset as such.
Best Value Inn & Suites is conveniently located on I-55 in Northeast Jackson, Mississippi within minutes of the State Capital Building and ciose to the University of Mississippi Medical Center. The Jackson Convention Center, the MS Coliseum, Jackson State University and the Jackson International Airport are also within close proximity to the property. Nearby, there are also several restaurants, shopping centers and recreational activities.
Good cash flow income .Huge upside potential. Perfect for strong owner operator.Absentee Seller.Lease and profit income from Famous Bar and Lounge in Jackson,MS called Sam's Lounge adjacent to Hotel.Retiree Absentee Seller.Selling due health reasons.Hotel is doing good strong cash flow and NOI without any brand and any management.Operating as a Independent Brand is over a decade and same owner.
Strong Income from Sam's Lounge is the hotel bar of the BestValueInn & Suites over a decade. A mid-priced Hotel along I-55 Interstate. But it's so much more than that. Sam's has evolved into one of the hippest nightspots in Jackson.
CONTACT TODAY FOR MORE INFORMATION AND FINANCIALS.
- Real Estate/Bar/Nightclub/Restaurant
- Retiree Seller
- Owner Financing Available
- HUGE upside Potential to Reposition & Branding
- Lifetime Opportunity
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