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Candlewood Suites Vicksburg | 83 Rooms

1296 S Frontage Road
Vicksburg, MS 39180
PRICE : $7,800,000
CAP RATE: 9.5%
PROPERTY TYPE: Hospitality
SITE SIZE: 1.70 Acres
BUILDING SIZE: 41,848 SF
YEAR BUILT: 2009

Highlights

  • Available individually or packaged with a 67-room Holiday Inn Express located in Picayune, MS
  • 9.5% cap rate
  • Change of ownership PIP expected to be around $500,000
  • Buyer can complete the PIP or the PIP can be arranged for a turn key investment
  • Management available for hands-off investment
  • CALL FOR OFFERS DEADLINE: FRIDAY, JUNE 8, 2018 AT 6:00 PM EST

Description

Opportunity to acquire a fee simple interest in the 83-room Candlewood Suites Vicksburg, Mississippi. This well-maintained extended-stay property was built in 2009 and underwent a major renovation within the past 18 months.

The Candlewood Suites Vicksburg is the only extended-stay property in Vicksburg. The three-story, extended-stay hotel benefits from its location nestled within the Vicksburg market that continues to realize stronger gains in corporate presence. The hotel has excellent accessibility along Interstate 20 (I-20), the region’s major east/west highway. Furthermore, the hotel is within 3 miles of the casinos, 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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