Hotel For Sale

923 N Gloster St., Tupelo, MS

Market Price

Price

75,626 sqft

Building Size

2.25 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
75,626 sqft
Lot Area
2.25 acres
Keys
121
Year Built
2014
Floors
5
Description

Hilco Real Estate is pleased to present this 121-key Holiday Inn & Suites located in Tupelo, Mississippi. Along with a restaurant, the hotel features a fitness center, bar/lounge area, outdoor pool, business center and conference space.

The city is located in the northeast corner of Mississippi, which is commonly known as the Hils region. Located just 90 miles from Memphis, TN, and 135 miles from Birmingham, AL, Tupelo serves as a regional hub for the surrounding area and its population swells by 300% each day as people travel throughout the city.

HISTORICAL REVENUES:

2019: $4,555,174 (75.4% Occ)
2020: $2,982,396 (60.2% Occ)
2021: $4,681,617 (69.7% Occ)
2022: $4,317,385 (66.1% Occ)

PROJECTED REVENUES:

Year 1: $4,671,718 (70% Occ)
Year 2: $5,060,051 (72.5% Occ)
Year 3: $5,432,026 (75% Occ)
Year 4: $5,594,225 (75% Occ)
Year 5: $5,763,641 (75% Occ)


Centrally located at the intersection of Gloster Street and McCullough Boulevard.

Tupelo is located in the northeast corner of Mississippi, which is commonly known as the Hills region. Tupelo is intersected by Highways 45, Interstate 22, and the Natchez Trace Parkway. Located just 90 miles from Memphis, TN, and 135 miles from Birmingham, AL, Tupelo serves as a regional hub for the area. Historically, Tupelo served as a regional transportation hub, primarily due to its location at a railroad intersection. More recently, the city has developed a strong tourism and hospitality sector based around the Elvis Presley birthplace and Natchez Trace, one of America’s Top 10 National Parks. Natchez Trace is a historic forest trail that extends roughly 440 miles from Nashville, Tennessee, to Natchez, Mississippi, linking the Cumberland, Tennessee, and Mississippi rivers. Other attractions include the Buffalo Park and Zoo and the Tupelo National Battlefield, the site of a Civil War battle.

Highlights
  • 121-room, 5-story property on 2.25 AC
  • Near Tupelo’s top attractions including Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena & Elvis Presley’s birthplace
  • Amenities include a restaurant, cocktail lounge, indoor pool, fitness center, conference room, business center
Documents
Location
Gallery