Hampton Inn - MS

Property Description: Beautiful 67 Hampton Inn has Completed the Forever Young New Design PIP in 2016 - 2018. No to Minimal Buyer PIP is Expected. This Hampton Inn is a strong performer with 76.5% occupancy and $95.65 ADR. Revenue YTD April 2019 is Ahead 6.2% Over Last Year To Date. In 2018, total revenue exceeded $1,760,000 (over $26,3000 revenue per key). There is upside opportunity with new management to reduce expenses and increase net operating income over $600,000. There is also an opportunity to buy a second Hilton property at the same exit. The Home2 Suites offered by MBA Hotel Brokers can be bought together to control the market and maximize revenues through combined sales and marketing and drive higher profitability through economies of scale and efficient management of the 2 hotel portfolio. The Home2 Suites is currently under construction and can open at purchase in Summer 2019. Projected revenue is over $4 Million for the portfolio and $1.4 million projected NOI, after management fee and FF&E reserve. The portfolio is offered at 8.5% cap rate. Or the renovated and profitable Hampton Inn by Hilton can be purchased individually. This property is located on Interstate 55 only an hour to downtown Memphis and close to varied demand generators including healthcare, corporate businesses, shopping, and University. This is a great opportunity with strong revenue per key! Winner of Hilton Hall of Fame Award Q3 2018.