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Browse More Listings in Hotel & Motel For Sale, Tupelo, MS or Mississippi

Hotel / Motel For Sale

Summit Hotel

854 Gloster Street, Tupelo, MS 38804

Price:
$3,000,000
No. Rooms:
116
Building Size:
87,150 SF
Price/Room:
$25,862.07
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Cap Rate:
9%
Lot Size:
4.10 AC
Find Out More...

Last Verified 11/9/2009 Listing ID 15775663

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.

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

Map of 854 Gloster Street, Tupelo, MS 38804 (Lee County)

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Presented by

Apostle Fitzgerald & Company

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Contact Listing Broker

Robert Fitzgerald (602) 954-7133

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Created 6/25/2008

Additional Information for 854 N Gloster Street, Tupelo, MS 38804

Active For Sale - 2 Listings
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 854 Gloster Street, Tupelo, MS 38804

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Summit Hotel
$3,000,000

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Full Service
Sold 1Q 2006
Economy/Limited Service
Sold 2Q 2007
Economy/Limited Service
Sold 2Q 2007

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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Hotel & Motel Property For Sale - Summit Hotel

854 Gloster Street, Tupelo, MS, 38804