10 Gateway Dr - Hospitality FOR SALE


Hattiesburg, MS 39402 | 
$19,000,000 USD
813-767-9953
10 Gateway Dr, Hattiesburg, MS for Sale
$19,000,000 USD
Hospitality - FOR SALE
1/28
null | 7.99% Cap Rate

10 Gateway Dr
Hattiesburg, MS 39402


HIGHLIGHTS

  • • $2,500,000+/- Spent in Recent Renovations
  • • Turn-Key Asset for New Ownership
  • • 3.4 Miles to University of Southern Mississippi
  • • YE 2025 Room Revenue / RRM: $4,200,612 Room Revenue / 4.52x RRM
  • • YE 2025 NOI / Cap Rate: $1,517,560 NOI / 7.99% Cap Rate
  • • 2026 Estimated Total Revenue of $5,000,000+/

OVERVIEW

OFFERING OVERVIEW: Offered for sale is the DoubleTree by Hilton Hattiesburg, a full-service Hilton-branded hotel located at 10 Gateway Drive in Hattiesburg, Mississippi. Strategically positioned at the intersection of Interstate 59 and U.S. Highway 49, the property benefits from excellent regional accessibility and proximity to many of Hattiesburg’s primary lodging demand generators. The hotel is approximately three miles from The University of Southern Mississippi, five minutes from the Lake Terrace Convention Center, and convenient to Camp Shelby, Hattiesburg’s medical district, downtown Hattiesburg, and the area’s major retail and commercial corridors. The property offers a full-service guest experience featuring The Local Kitchen & Tap, meeting and event space, an indoor swimming pool, fitness center, sports court, complimentary parking, and additional guest amenities. Its DoubleTree by Hilton affiliation provides access to Hilton’s internationally recognized reservation platform, Hilton Honors loyalty program, and established corporate and group travel networks. The combination of a nationally recognized upper-upscale brand, full-service amenities, strategic interstate location, and Hattiesburg’s diversified demand base positions the asset to capture corporate, university, medical, military, group, leisure, and transient demand. PROPERTY OVERVIEW: The subject property remains in good condition, supported by approximately $2.5MM in recent renovations and ongoing capital improvements by current ownership. *The PIP amount reflected in this Offering Memorandum is included solely as a placeholder for financial modeling and illustrative purposes only and should not be relied upon in evaluating the Property or making any investment or purchase decision. The cost of any Property Improvement Plan (PIP), including requirements related to a change of ownership, are not verified and will be determined solely by hotel franchisor upon issuance of an official PIP. The placeholder amount is not an estimate or a representation of actual PIP cost and may differ materially from the ultimate franchisor requirements. Actual PIP scope and cost are unknown, and prospective purchasers are solely responsible for independently verifying all franchise and PIP requirements and associated costs directly with the franchisor. All information contained herein is deemed reliable but not guaranteed. DSH Hotel Advisors has not independently inspected the Property and makes no representations or warranties regarding its physical condition or the accuracy or completeness of any financial information, documents, or other materials provided. MARKET OVERVIEW: The DoubleTree by Hilton Hattiesburg is located in Hattiesburg, Mississippi, a regional economic and transportation hub strategically positioned along Interstate 59 and U.S. Highway 49. The market benefits from a diversified mix of higher education, healthcare, military, corporate, convention, sports, and leisure demand. Major demand generators include The University of Southern Mississippi, Forrest General Hospital and the Hattiesburg medical district, William Carey University, Camp Shelby Joint Forces Training Center, and Lake Terrace Convention Center. Hattiesburg also attracts regional leisure visitation through the Hattiesburg Zoo, Downtown Hattiesburg, Longleaf Trace, sporting events, festivals, dining, and entertainment. The combination of major institutional employers, university and medical activity, military operations, group business, and convenient regional accessibility supports a broad base of year-round lodging demand. The DoubleTree by Hilton Hattiesburg represents an opportunity to acquire a full-service Hilton-branded asset within one of South Mississippi’s principal commercial, educational, healthcare, and tourism centers. The property is designed to accommodate a broad range of transient and group demand, with on-site food and beverage operations, meeting facilities, recreational amenities, and convenient access to the region’s primary transportation corridors. Property Highlights: • Doubletree by Hilton Hattiesburg • 138 Rooms | 5 Stories | Interior Corridor • Year Built - 2000 • $2,500,000+/- Spent in Recent Renovations • Turn-Key Asset for New Ownership • Amenities Include: Meeting Rooms, Indoor Pool, Connecting Rooms, On-Site Restaurant, Fitness Center Location Highlights: • 1.0 Miles to Lake Terrace Convention Center • 3.4 Miles to University of Southern Mississippi • 3.7 Miles to Forrest General Hospital / Hattiesburg Medical District • 4.8 Miles to Hattiesburg Saenger Theater • 6.6 Miles to William Carey University • 17.4 Miles to Mississippi Armed Forces Museum • 18 Miles to Camp Shelby Joint Forces Training Center Financial Highlights: • List Price of $19,000,000 • YE 2025 NOI / Cap Rate: $1,517,560 NOI / 7.99% Cap Rate • YE 2025 Room Revenue / RRM: $4,200,612 Room Revenue / 4.52x RRM • YE 2025 Total Revenue: $4,643,879 • YE 2025 ADR / RevPAR / OCC: $117.42 ADR / $83.37 RevPAR / 71.00% OCC • 2026 Estimated Total Revenue of $5,000,000+/ • Year 1 Projected Total Revenue of $5,044,572 • Year 1 Projected NOI of $1,801,665

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/SF

$232 USD /SF

# OF ROOMS

138

PRICE/ROOM

$137,681 {currency}

CAP RATE

7.99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Doubletree by Hilton Hattiesburg

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

204

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

Commercial

APN/PARCEL ID

2-025I-36-018.00

ASK ABOUT THIS PROPERTY

Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

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Dennis Hopper CCIMDSH Hotel AdvisorsMore Info
813-767-9953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.