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DAYS INN @ 2.5x Room Revenue
2298 Delaware Ave, Mccomb, MS 39648
$3,200,000
151
50,000 SF
$21,192.05
Hotel & Motel
Full Service
Investment
15%
-
Find Out More...
Last Verified 10/26/2009
Listing ID 16235803
Highlights
Highway Property
Great Cash Flow
Room for Operational Improvements
Excellent Physical Condition
Minimal New Owner Transfer PIP
Too many new items to list
Description
The Days Inn McComb is a welcoming and comfortable property that is conveniently located for business and recreational travelers. All 151 guest rooms feature free high speed wireless internet access, hair dryer, coffee maker, 27 television, microwave, refrigerator, and free local calls. Many rooms include a recliner, sofa bed and work desk. Meeting space and banquet rooms can be arranged to seat anywhere from 40 to over 200 accommodating a variety of functions including wedding receptions, proms, seminars, and large gatherings. The on-site lounge and restaurant Crossties is a favorite with both the hotel guests and local clientele.
Separate management is in place to run the Lodging side and the F&B side. New ownership will have the option of leasing the F&B or increasing profitability through better cost controls and direct oversight of the restaurant and bar. Run the property as it is right now and expect to receive a 38% cash on cash return.
FOR MORE INFORMATION: Complete the attached CA and return to us and we will email the detailed Investment Offering and Financial Documents directly to you.
Conveniently located half way between Jackson Mississippi and New Orleans directly off of Interstate I-55 the Days Inn McComb offers easy access to Natchez Mississippi and the Mississippi Gulf Coast. Local attractions include Percy Quinn State Park, Boguetto Water Park, Pike County Speedway World of Outlaws and numerous golf courses.
McComb is a small city located in the central southwest corner of Mississippi fifteen miles from the Louisiana state line on Interstate 55. Major highways passing thru the city are U.S. Highway 98 running from Mobile to Natchez and Highway 51 which runs from New Orleans to Minneapolis. The 2000 Census is approximately 13,500 and the
population of Pike County is 39,000. McComb has a history of a stable economic base with the railroad shops having had a 70 year association with the area. The emphasis today is on transportation and industrial operations tied to the highway system as well as a strong local agricultural economy.
FOR MORE INFORMATION: Complete the attached CA and return to us and we will email the detailed Investment Offering and Financial Documents directly to you.
Actual
$480,000
Map of 2298 Delaware Ave, Mccomb, MS 39648 (Pike County)
Created 5/13/2009
Additional Information for 2298 Delaware Avenue, Mccomb, MS 39648
- Active For Sale - 1 Listing
- Active For Lease - 0 Listing
- Previously Listed - 0 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.