For Sale
$7,000,000

3158 N Gloster St Tupelo, MS 38804

72-unit hotel, fully renovated, prime location.

Overview

Added:
Jan 28
Days on market:
90
This exceptional investment opportunity presents the Best Western Plus Tupelo Inn & Suites, a 72-unit hotel located in Tupelo, Mississippi. This fully renovated, four-story, interior corridor property boasts an indoor swimming pool and fitness center, and features well-equipped, spacious extended-stay guest rooms. Situated in a thriving city with a rich cultural heritage and diverse economy driven by tourism, manufacturing, and healthcare, the hotel benefits from multiple demand generators. Tupelo, known as the birthplace of Elvis Presley, offers a unique blend of cultural attractions, historical sites, parks, and a vibrant local scene, attracting both leisure and business travelers. The property is offered unencumbered of management, presenting a significant advantage for potential investors. Importantly, there are no PIP (Property Improvement Plan) requirements for the new owner, minimizing upfront capital expenditures. The low franchise fees further enhance the profitability potential of this established and successful hotel. This is a rare opportunity to acquire a well-maintained, high-performing hotel in a desirable location with significant upside potential. The property's 39,422 square feet provides ample space for its 72 units. This turnkey operation is ready for immediate income generation. The sale price is $7,000,000.

Highlights

  • 72-unit Best Western Plus hotel in Tupelo, MS, offered unencumbered.
  • Fully renovated with no PIP requirements for the new owner.
  • Strategically located near tourism, manufacturing, and healthcare sectors.

Property Details for 3158 N Gloster St

Property type
Hotels, Hospitality properties
Square Feet
39,422 SF
Price / Square Foot
$177.57
Year Built
2011
Buildings
1
Stories
4
Elevators
N/A
Units
72

Location Insight

City
Tupelo
County
State
Mississippi

FAQs

What type of property is this?
Hotel - 72-unit hotel, fully renovated, prime location.
Where is the hotel located?
The property is located at 3158 N Gloster St Tupelo, MS.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 72-unit Best Western Plus hotel in Tupelo, MS, offered unencumbered.; Fully renovated with no PIP requirements for the new owner.; Strategically located near tourism, manufacturing, and healthcare sectors.
How can I contact the broker?
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3158 N Gloster St
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