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Candlewood Suites Vicksburg | 83 Rooms

1296 S Frontage Road
Vicksburg, MS 39180
PRICE : $7,300,000
CAP RATE: 11%
PROPERTY TYPE: Hospitality
SITE SIZE: 1.70 Acres
BUILDING SIZE: 41,848 SF

Highlights

  • IHG, Candlewood Suites branded hotel
  • 83 rooms, all suites
  • Built in 2009, renovated in 2016
  • 11% cap rate based on trailing 12 months
  • Rates & occupancy trending up
  • PIP estimate only $500,000 due to recent renovation
  • Turnkey investment possible

Description

Opportunity to acquire the only extended stay hotel in Vicksburg. The IHG Candlewood Suites branded Hotel provides a 11% unleveraged return based on the trailing 12 months, and rates and occupancy continue to trend up.

The three-story, extended-stay hotel benefits from a strong location in Vicksburg with excellent accessibility along Interstate I-20, the region’s major east/west highway. The hotel is within 3 miles of multiple casinos, the River Region Medical Center, and Vicksburg National Military Park.

DO NOT DISTURB THE EMPLOYEES. ALL PROPERTY TOURS MUST BE ARRANGED WITH BULL REALTY.

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