261 Eastside Dr - Hospitality FOR SALE


Newton, MS 39345
$1,700,000 USD
817-821-1536
261 Eastside Dr, Newton, MS for Sale
$1,700,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

261 Eastside Dr
Newton, MS 39345


HIGHLIGHTS

  • 40 unit, two-story, exterior corridor
  • Priced at $42,500/key
  • Completed an extensive renovation in 2025
  • May 2025 occupancy is up 63.5% over May 2024
  • May 2025 RevPAR is up 58.1% over May 2024

OVERVIEW

Bharat Patel of NewGen Advisory is pleased to present the Days Inn by Wyndham (MS/I-20) in Newton, MS. This 40-room, exterior corridor, two-story hotel is ideally located on I-20 between Jackson and Meridian. The proximity to I-20 is a primary driver, bringing in travelers with varying needs, while the specific generators attract a mix of business, student, and patient-related traffic and nature enthusiasts with the hotel's proximity to the Bienville National Forest. The property has gone through extensive renovations in 2024-2025, including: new bathrooms, new paint (all rooms and hotel exterior), all new PTAC units, and new refrigerators and microwaves in the rooms. The property offers significant upside for owner-operator as the STR report shows upward trajectory in ADR and occupancy. By the year-end 2025, the average occupancy should increase to match comp set occupancy of 60%.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$103 USD /SF

# OF ROOMS

40

PRICE/ROOM

$42,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn by Wyndham Newton MS/I-20

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1989

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,037 SF

ZONING

LI

APN/PARCEL ID

069C-26-00-003.02

ASK ABOUT THIS PROPERTY

Bharat Vakil-PatelNewGen AdvisoryMore Info
817-821-1536

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Bharat Vakil-PatelNewGen AdvisoryMore Info
817-821-1536

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