For Sale
$2,600,000

518 Bonita Lakes Dr Meridian, MS 39301

79-Key Hotel, Excellent ROI, MS

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents the Microtel Inn & Suites by Wyndham Meridian, a 79-key hotel ideally located at 518 Bonita Lakes Dr, Meridian, MS 39301. The property, built in 2001, sits on a 1.8-acre lot and boasts a substantial 35,789 square feet of gross building area, spread across three floors with approximately 11,930 square feet per floor. Offered at $2,600,000, this represents an attractive price per key of $32,911. The hotel's prime location within a thriving area of Meridian, Mississippi, benefits from a growing population and strong median household income, creating a robust market for hospitality businesses. The property's convenient access to local amenities and attractions further enhances its appeal to both business and leisure travelers. This represents a compelling opportunity for investors seeking a well-established hotel in a dynamic market. The property's size and established presence make it a strong contender for significant returns on investment. This is a turnkey operation ready for a new owner to capitalize on its existing success and potential for future growth. The property's solid construction and established brand recognition contribute to its overall value and potential for long-term profitability. This is a rare opportunity to acquire a well-positioned hotel in a desirable location.

Highlights

  • $2,600,000 asking price.
  • 79-key hotel in Meridian, Mississippi.
  • 1.8-acre lot.
  • Located at 518 Bonita Lakes Dr, Meridian, MS 39301.

Property Details for 518 Bonita Lakes Dr

Property type
Hospitality properties, Hotels
Lot Size (sq. ft)
78,408 SF

Location Insight

City
Meridian
County
Lauderdale
State
Mississippi
Latitude
32.3623178
Longitude
-88.671351

FAQs

What type of property is this?
Hospitality property - 79-Key Hotel, Excellent ROI, MS
Where is the hospitality property located?
The property is located at 518 Bonita Lakes Dr Meridian, MS.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: $2,600,000 asking price.; 79-key hotel in Meridian, Mississippi.; 1.8-acre lot.
How can I contact the broker?
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518 Bonita Lakes Dr
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