979 N Gloster St Tupelo, MS 38804
Property Features for 979 N Gloster St
General Information
- Size
- 41,996 SF
Building Details
- Year built
- 2013
Source:
Hilcorealestatesales
Listing Agent: Keith Worsham
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
79-Room Candlewood Suites Hotel
The subject property is a 79-room Candlewood Suites hotel in Tupelo, Mississippi, situated on 1.58 acres. The four-story property is centrally located at the intersection of Gloster Street and McCullough Boulevard. Amenities include a restaurant, indoor pool, business center, fitness center, fully-equipped kitchens, self-laundry services, and an outdoor gazebo grill area. The city of Tupelo is located in the northeast corner of Mississippi, approximately 90 miles from Memphis, TN, and 135 miles from Birmingham, AL. Tupelo serves as a regional hub for the surrounding area. Nearby attractions include Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley’s birthplace. Historical revenues include $2,171,102 in 2019 (83% occupancy), $1,906,031 in 2020 (71% occupancy), $2,509,222 in 2021 (87% occupancy), and $2,010,663 in 2022 (68% occupancy). Projected revenues are $2,182,170 (70% occupancy) in Year 1, $2,439,627 (73% occupancy) in Year 2, $2,662,434 (76% occupancy) in Year 3, $2,242,373 (76% occupancy) in Year 4, and $2,824,535 (76% occupancy) in Year 5. The property size is 41996 square feet.
Location Intelligence
Current Use by Public Records
Candlewood Suites Tupelo ...
Hotel
Grata Grille & Bar
Bar & Grill
Location Insight
- Map
- Local Demand
- City
- Tupelo
- County
- Lee
- State
- Mississippi
- Longitude
- -88.719458
- Latitude
- 34.235092
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - 79-room hotel with amenities in Tupelo, Mississippi.
Where is this hotel located?
The property is located at 979 N Gloster St Tupelo, MS.
What are key features of this property?
This property features: - Strong historical revenue performance, indicating recovery potential.; - 79-room Candlewood Suites hotel with fully-equipped kitchens.; - Located in Tupelo, a regional hub with a daily population increase of 300%.