Comfort Inn - MS

Property Description: Comfort Inn extensively renovated in 2017 at a cost of nearly $1,000,000. Renovations include completely remodeled lobby and breakfast area, exterior finish upgrades, new software, hardware, appliances and more. This Comfort Inn is located at a busy exit on Interstate 55 in the heart of affluent Desoto County within a short drive of downtown Memphis. Close to corporate offices, manufacturing, distribution, FedEx World Hub, Memphis International Airport, and Memphis Cultural and Tourist Attractions. Revenue in 2018 is expected about $1,100,000. $22,449 revenue per room. The property includes 1.2 acres of excess land which can be developed. There is huge upside potential to expand the hotel with 36 more units for a total of 85 units. A new owner can market recent renovations and increase RevPAR to $64.86 and increase revenue per key to $23,529 and increase gross revenue over $2,000,000. Excellent Opportunity to Operate as is or Expand to 85 Keys and Increase Revenues!