Home2 Suites - MS

Property Description: Under Construction. This Brand New Home2 Suites will Open in Summer 2019. The hotel has 82 spacious suites with high ceilings and quality construction. The hotel is located off Interstate 55 close to corporate businesses and manufacturers as well as a medical center and university. Just one hour from downtown Memphis. There is an optional opportunity to buy the Hampton Inn located at the same exit to create a Hilton portfolio. Own both market leaders, see managerial savings, shared sales and marketing efforts, economies of scale and purchasing power to reduce expenses and drive maximum net operating income. The Home2 Suites as a single asset is projected to see revenue over $2.2 million in the first year and strong net operating income at 43% - after management fee and capital reserves. Projected year 2 revenue is over $2.6 million and $1.1 million NOI.