Hotel & Motel Property For Sale - DAYS INN @ 2.5x Room Revenue

2298 Delaware Ave, Mccomb, MS, 39648

 

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

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

DAYS INN @ 2.5x Room Revenue

2298 Delaware Ave, Mccomb, MS 39648

DAYS INN @ 2.5x Room Revenue
  • $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.

Financial Summary

  • Actual
  • $480,000

Map of 2298 Delaware Ave, Mccomb, MS 39648 (Pike County)

Contact Listing Broker to find out more details.

Presented by

National Hospitality Brokers, Inc.

Request additional information

Contact Listing Broker
Jay S. North, MBA (317) 439-6946
Track changes to this property
Watch This Property
Share this listing
Send to Friend
Link to This Listing
Embed This on Your Web Site
Share on LinkedIn
Additional Options
Print Listing
View Map
Demographics
Research Price
Get Financing

Advertisement

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.


Cityfeet.com – Commercial Real Estate Network BizBuySell LandAndFarm.com LoopNet Partners