Hotel & Motel Property For Sale - La Quinta Inn

6563 US Highway 49, Hattiesburg, MS, 39401

 
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Hotel & Motel For Sale
Hattiesburg, MS
Mississippi

La Quinta Inn

 

6563 US Highway 49

Hattiesburg, Mississippi 39401
County: Forrest
 
   Photos
Image 1 of 1
 
 
  For Sale Active  
Property Use Type:Investment
Type:Hotel & Motel
Economy/Limited Service
No. Rooms:125
Building Size:N/A
Price:N/A
Price/Room:N/A
Year Built:1988
Date Last Verified:12/28/2008
Property ID:15749654
 
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 Additional Information 

Property Description:
Two stories, exterior corridor. Includes 3 suites. Hotel amenities include meeting facilities, complimentary continental breakfast, outdoor swimming pool, and fitness center. Room amenities include high-speed internet, coffee makers, hair dryers, and iron and ironing board.

Location Description:
Located 9 miles from Laurel Hattiesburg International Airport. Nearby to Lake Terrace Convention Center, University of Southern Mississippi, Hattiesburg Zoo, Pearl River Community College, Armed Forces Museum, Clover Leaf Mall, Turtle Creek Mall, and Forrest County Multi Purpose Arena.

No. Stories:2Commission Split:2%
Average Daily Rate:$68
Average Occupancy:66%
 Highlights 
•Priced at less than $64,000/key!•Converted to La Quinta in January 2007!
 
•Absentee ownership!•Current ownership has spent 1.8 million dollars in renovations!
 
•Upside through owner-operator•Owner is motivated, submit an offer!
  Financial Summary Actual  
Year:2007
Scheduled Gross Income:$2,118,153
 
  Room Mix Information
No Room Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
6/9/2008


The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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