122 Plaza Dr - Hospitality FOR SALE


Hattiesburg, MS 39402
$8,000,000 USD
917-596-6578
122 Plaza Dr, Hattiesburg, MS for Sale
$8,000,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

122 Plaza Dr
Hattiesburg, MS 39402


HIGHLIGHTS

  • 67 spacious, all-suite guestrooms with contemporary furnishings
  • Prime location near I-59, The University of Southern Mississippi, and Forrest General Hospital
  • Strong in-place cash flow with opportunity for revenue growth
  • Affiliation with Choice Hotels, one of the world’s largest hotel franchisors
  • Potential for upside through improved management and capital investment

OVERVIEW

Property Description NewGen Advisory, as sole and exclusive agent for Ownership, has been retained to offer for sale the 67-room Comfort Suites. Comfort Suites Hattiesburg presents a compelling investment opportunity to acquire a well-performing, upper midscale, all-suite hotel strategically located in the heart of Hattiesburg, Mississippi. Situated just off Interstate 59 and minutes from The University of Southern Mississippi, this 67-room property benefits from strong demand generators including regional healthcare institutions, higher education, government, and corporate travel. The hotel operates under the trusted Choice Hotels brand and offers modern guest amenities such as a fitness center, business center, complimentary breakfast, and updated guest suites. Hattiesburg's central location between Jackson, MS and the Gulf Coast enhances its accessibility and appeal to both leisure and business travelers. Recently fully renovated, and with strong year-over-year occupancy and revenue growth, the Comfort Suites Hattiesburg offers new ownership the potential for continued cash flow and long-term value creation through operational efficiencies and potential brand repositioning. Location Description Hattiesburg, Mississippi, is a vibrant city known for its rich history and diverse cultural scene. Located in the southern part of the state, it is home to the University of Southern Mississippi and offers a mix of educational, outdoor, and entertainment opportunities. With its charming downtown, scenic parks, and proximity to the Hattiesburg Zoo, the city provides a welcoming atmosphere for both residents and visitors. Hattiesburg is also an important hub for regional business and industry, making it a dynamic and growing community.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$229 USD /SF

# OF ROOMS

67

PRICE/ROOM

$119,403 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites Hattiesburg

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1995

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

L18

APN/PARCEL ID

051J-12-043.000

ASK ABOUT THIS PROPERTY

Amiti BhowNewGen AdvisoryMore Info
917-596-6578

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Amiti BhowNewGen AdvisoryMore Info
917-596-6578

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