For Sale
$6,000,000

123 Plaza DrHattiesburg, MS 39402

91-Room Renovated Hotel, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This 91-key, four-story Wingate by Wyndham hotel in Hattiesburg, Mississippi, presents a compelling investment opportunity. Boasting 34,357 square feet on a 1.6-acre lot (APN: 051J-12-059.000), this interior-corridor property underwent nearly $2,000,000 in renovations in 2023, resulting in a sleek, modern aesthetic. Built in 1999, the hotel enjoys a prime location off Interstate-59, within walking distance of the University of Southern Mississippi, and benefits from high daily traffic counts on nearby Hardy Street (approximately 62,000 vehicles). While current occupancy, ADR, and RevPAR are below competitive set standards, this presents significant upside potential for a new owner through hands-on management or third-party operator strategies. The asking price is $6,000,000, translating to $174.64 per square foot. This property offers investors a chance to acquire a recently renovated hotel in a well-established market with clear potential for increased profitability. The property's size and room count make it particularly suitable for owner-operator models.

Highlights

  • 91-room hotel.
  • Interior corridor design.
  • $2 million in renovations completed in 2023.
  • Excellent owner-operator opportunity.
  • High traffic location: ~62,000 AADT on nearby Hardy Street.
  • Convenient I-59 access with excellent visibility.

Property Details for 123 Plaza Dr

Property type
Hospitality properties, Motels
Square Feet
34,357 SF
Year Built
1999
Stories
4
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Hattiesburg
County
Lamar
State
Mississippi
Latitude
31.3275621
Longitude
-89.3540738
123 Plaza Dr, Hattiesburg, Mississippi

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
123 Plaza Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message