103 Live Oak Dr
Diamondhead, MS 39525
Ramada by Wyndham Diamondhead I-10/Gulfport · Hospitality Property For Sale · 70,449 SF

In June of 2021 the hotel started it’s first year with the Ramada by Wyndham 80 foot sign going up on Interstate I-10 with nearly 60,000 vehicles passing each day. The same week two more RAMADA signs went up, one on top of the building facing I-10 and one at the entrance driveway. At year end with only 90 of the 146 rooms renovated, the 2021 Profit & Loss shows it doubled the bottom line to $500,000 profit available for debt service. In 2022 hotel will exceed a million in profit due to having all 146 rooms renovated by Summer. . Moving this Wyndham property from a 2 star to 4 star is and will substantially increase the revenues in 2022 and 2023. The hotel value is expected to increase from approximately 5 million (mid 2022) to 8 million dollars over the next 2 years when the annual revenue exceeds 3 million. *** 148-units, which includes: 132 rooms, 14 one bedroom suites, 3 two bedroom suites . *** 4 acres of frontage on Interstate 10 with 69,000 vehicles daily. 40 feet above sea level. *** The 4 buildings totaling 89,000 sq feet under roof is the original Holidome architectural design. RED IRON beam construction and flat metal roofs. Hotel with over 500 guests survived unharmed, Katrina’s worst winds from the right eye wall *** 30,000 sq foot Atrium garden area with a large indoor pool and a huge jetted hot tub. *** Huge fully equipped kitchen capable of serving all meals (has done banquets for 350 ). *** Atrium Glass front restaurant, seating area 130 patrons. separate entrance & parking Grand ballroom connected to kitchen, capable of serving 300 persons. *** Lounge/Nightclub, fully equipped with space for 200 patrons. Ideal for group receptions. *** Lobby and office areas with a covered circular driveway entrance *** Plenty of well lit concrete parking lot for 210 cars.