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Econo Lodge Columbus 2015 Military Rd 60 Room Hotel Columbus, MS 39701 $2,700,000 ($45,000/Room) 11.73% Cap Rate
Investment Highlights
- The property is a 60-room Econo Lodge located just off Highway 82 in Columbus, Mississippi, providing excellent visibility and accessibility.
- Guests are attracted by a competitive amenity set that includes free breakfast, premium Wi-Fi, an outdoor pool, and pet-friendly rooms.
- The offering is attractively priced at $2.7 million, or approximately $48,333 per key, presenting a strong basis for investors seeking yield and value
- The hotel is offered at a 10.92% cap rate on actual trailing performance, with projected improvement in 2026 operations.
- The location benefits from proximity to major demand drivers such as Columbus Air Force Base, Mississippi State University, and regional motorsports
Executive Summary
Hotel Brokers of America is pleased to present the opportunity to acquire the 60-room Econo Lodge in Columbus, Mississippi, a well-located, exterior-corridor hotel offered at an attractive 10.92% cap rate based on current operations. Positioned just off Highway 82, the property benefits from convenient access to Columbus Air Force Base, Mississippi State University, local motorsports venues, and downtown Columbus attractions. The hotel features a strong amenity package including free breakfast, outdoor pool, premium Wi-Fi, pet-friendly accommodations, and exterior corridors, appealing to both transient and extended-stay demand. With stable in-place cash flow, a projected upside in performance, and a compelling price per key of $48,333, this offering represents a compelling value-add or long-term hold opportunity in a diverse regional market.
Property Facts
| Price | $2,700,000 | Lot Size | 1.56 AC |
| Price Per Room | $45,000 | Building Size | 23,682 SF |
| Sale Type | Investment | No. Rooms | 60 |
| Cap Rate | 11.73% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1992 |
| Property Subtype | Hotel | Parking Ratio | 2.83/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C - Commercial | ||
| Price | $2,700,000 |
| Price Per Room | $45,000 |
| Sale Type | Investment |
| Cap Rate | 11.73% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.56 AC |
| Building Size | 23,682 SF |
| No. Rooms | 60 |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 2.83/1,000 SF |
| Corridor | Exterior |
| Zoning | C - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 60 | $80.00 | - |
1 1
Property Taxes
| Parcel Number | 56W14-01-01301 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $229,338 |
Property Taxes
Parcel Number
56W14-01-01301
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$229,338
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Econo Lodge Columbus | 2015 Military Rd
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