Hotels for Sale

Red Lion Inn & Suites Hattiesburg, MS

Address:
Hattiesburg, Mississippi
Description:

• Fee simple interest in the institutionally owned and third party managed 153-room Red Lion Hattiesburg offered at a substantial discount to replacement cost
• Property offered for individual sale through Ten-X as part of a larger portfolio sale through Ten-X
• Available unencumbered of debt and third-party management with ability to retain the Red Lion Inn & Suites brand
• Minimal change of ownership PIP expected with approximately $2.5MM (~$16k per key) of recently completed renovations
• Adjacent to Interstate 59 & Highway 98 with upwards of 33,000 cars passing the location daily
• Optimal location in the heart of Hattiesburg, proximate to the city’s top-ten largest employers
• Proximate to all regional demand generators including the University of Southern Mississippi, Forrest General Hospital, Camp Shelby, General Dynamics, William Carey University and Turtle Creek Mall
• Within walking distance of numerous full-service nationally recognized restaurants

Listing Agent

Subu Thiagarajan
T: 510.205.7931
Email
BRE #01891134

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