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

Hotel / Motel For Sale

Laurel Hotel & Conference Center

1105 Sawmill Rd, Laurel, MS 39440

Price:
$2,250,000
No. Rooms:
147
Building Size:
40,000 SF
Price/Room:
$15,306.12
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
No. Stories:
2
Year Built:
1970
Lot Size:
4 AC
Find Out More...

Last Verified 10/7/2009 Listing ID 15996806

Highlights

Over $700K in room revenue. Bar is leased for 7K a monthand Banquet generates approximatley 150 sales yearly.
New Matteress and banquet table and chairs. Over 9000 sq. foot of banquet space
Market stays full most of the time except this property.

Approved Quality Inn Punch List.
Mortage options, wrap, second, or owner financeing with 15% down 7% interest quailified buyer.
Owner is in the shopping center business and getting out of hotel business, property must sell.

Description

147 Room exterior corridor full service hotel with over 9000 square feet of banquet space. This is the only full service and the only banquet facility in the area. Property can and should be flagged. It is a former Ramada Inn, with punch list from Quality Inn, Howard Johnson, and Days Inn. The propery has a resturant and large bar that has just been leased for 7,000 a month.

Located in Laurel, MS with easy access to I59.
30 miles from University of Southern MS.
15 miles from local airport.
.2 miles from downtown.

Financial Summary

Room Mix Information

Debt & Equity Information

Actual
Year
2008
Scheduled Gross Income
$1,100,000

Description	No. Rooms
King	50
Double	72
Handicap	1
Suites	5

Map of 1105 Sawmill Rd, Laurel, MS 39440 (Jones County)

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Contact Listing Broker

Jim Schafer (601) 261-1169

Courtney Brick (352) 455-3295

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Created 11/20/2008

Additional Information for 1105 Sawmill Road, Laurel, MS 39440

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 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.

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 - Laurel Hotel & Conference Center

1105 Sawmill Rd, Laurel, MS, 39440