Hotel & Motel Property For Sale - Summit Hotel

854 Gloster Street, Tupelo, MS, 38804

 
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Summit Hotel

 

854 Gloster Street

Tupelo, Mississippi 38804
County: Lee
 
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  For Sale Active  
Property Use Type:Investment
Type:Hotel & Motel
Economy/Limited Service
No. Rooms:116
Building Size:87,150 SF
Lot Size:4.10 Acres
Price:$3,000,000
Price/Room:$25,862
Cap Rate:9.00%
Date Last Verified:12/17/2008
Property ID:15775663
 
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 Additional Information 

Property Description:
This 116-room hotel is situated within two freestanding buildings. Two guest room wings with lobby and food and beverage areas. The hotel operates a 24-hour front desk for the convenience of its guests and offers a daily complimentary continental breakfast served in the new dining area just off the guest lobby. Guest rooms feature attractive furnishing in either two-queen or one king bed configurations. The hotel also features executive suites and all guest rooms feature 25 TV' s, coffee makers, hair dryers, irons and ironing boards.

Location Description:
The hotel is located on 4.104 (+/-) acres or approximately 178,770 (+/-) square feet. The property is easily accessible from the Property' s main entrance along North Gloster Street and is visible from Business US -78.

  Financial Summary Actual  
Net Operating Income:$225,000
 
  Room Mix Information
No Room Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
6/25/2008
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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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