Overview

Description

Hilco Real Estate is pleased to present this 79-room Candlewood Suites hotel located in Tupelo, Mississippi. Candlewood Suites features amenities including a fitness center, guest laundry services, fully equipped kitchens and more. The city is located in the northeast corner of Mississippi, which is commonly known as the Hills 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: $2,171,102 (83% Occ)
2020: $1,906,031 (71% Occ)
2021: $2,509,222 (87% Occ)
2022: $2,010,663 (68% Occ)

PROJECTED REVENUES:

Year 1: $2,182,170 (70% Occ)
Year 2: $2,439,627 (73% Occ)
Year 3: $2,662,434 (76% Occ)
Year 4: $2,242,373 (76% Occ)
Year 5: $2,824,535 (76% Occ)

Hilco Real Estate, LLC in cooperation with Paul A. Lynn & Associates, LLC, MS Broker, Lic. #21483.

Candlewood Suites Tupelo is centrally located at the intersection of North 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

• 79-room, 4-story property on 1.58 AC
• Centrally located at the intersection of Gloster Street & McCullough Boulevard
• Near Tupelo’s top attractions including Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena & Elvis Presley’s birthplace
• Amenities include a restaurant, indoor pool, business center, fitness center, fully-equipped kitchens, self-laundry services, outdoor gazebo grill area

Documents

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