Holiday Inn Express - MS

Property Description: The New Reduced Price on this Holiday Inn Express is Less Than $67K Per Key! It features 75 rooms, 3 stories, interior corridors and concrete construction. It was built in 2000 and expanded in 2012. This Holiday Inn Express is located just off the interstate with demand from transient, leisure, group, and manufacturing segments. Room revenue is over $1.35 Million. A new owner can increase revenue with the completion of the Blue PIP. There is also a possibility to convert to Comfort Inn and Suites with a lower PIP. Current NOI is Strong, Near $500,000. Projected revenue is over $1,616,000 after completing the PIP, with a projected net operating income of $630,000. Out Performing Comp Set in Occ and ADR.