518 Bonita Lakes DrMeridian, MS 39301

Property Details for 518 Bonita Lakes Dr

Lot size

1.80 AC

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

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.

Location Insight

City

Meridian

County

Lauderdale

State

Mississippi

Latitude

32.3623

Longitude

-88.6713

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