Quality Inn Hotel With Outdoor
807 N Davis Ave Cleveland, MS 38732
807 N Davis Ave, Cleveland, MS, 38732
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For Sale
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Three-story, 57-room hotel with an outdoor pool and in-room microwaves and refrigerators.
Days on Market100
Property Features for 807 N Davis Ave
General Information
- Standard status
- Active
- Property subtype
- Hospitality
Listing agency
Marcus & Millichap - Dallas
Listed by
Chris Gomes · License #TX 0591152
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 8:12PM Checked: Jul 21 at 8:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Quality Inn Cleveland is a Choice Hotels International-branded, three-story hotel offering 57 guest rooms. The property includes an outdoor pool, guest laundry services, a business center, and vending machines. Guest rooms are equipped with flat-screen televisions and include microwaves and refrigerators, along with a work desk and ironing board.
The hotel is located at 807 North Davis Avenue in Cleveland, Mississippi. Delta State University is located less than 2.5 miles from the property, and other listed demand generators in the area include Dockery Farms (1.4 miles), the Grammy Museum–Mississippi (1.8 miles), and the Bologna Performing Arts Center (2.1 miles). Cleveland is also described as a regional draw for blues events, with concerts and conventions each year.
In 2020, the limited-service hotel reported room revenues of over $1.01 million and net operating income above $332,000, after a 3 percent management fee reserve. The competitive set is described as showing an upward trend in RevPAR year-over-year, with an increase of 8.8 percent from 2019 to 2020.
The hotel is located at 807 North Davis Avenue in Cleveland, Mississippi. Delta State University is located less than 2.5 miles from the property, and other listed demand generators in the area include Dockery Farms (1.4 miles), the Grammy Museum–Mississippi (1.8 miles), and the Bologna Performing Arts Center (2.1 miles). Cleveland is also described as a regional draw for blues events, with concerts and conventions each year.
In 2020, the limited-service hotel reported room revenues of over $1.01 million and net operating income above $332,000, after a 3 percent management fee reserve. The competitive set is described as showing an upward trend in RevPAR year-over-year, with an increase of 8.8 percent from 2019 to 2020.
Key Highlights
- Quality Inn Cleveland Choice Hotels International‑branded hotel at 807 North Davis Avenue in Cleveland, MS
- 57‑room, three‑story hotel
- Outdoor pool, vending machines, guest laundry services, and business center
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FAQs
What type of property is this?
Hotel - Three-story, 57-room hotel with an outdoor pool and in-room microwaves and refrigerators.
Where is this hotel located?
The property is located at 807 N Davis Ave Cleveland, MS.
What are key features of this property?
This property features: Quality Inn Cleveland Choice Hotels International‑branded hotel at 807 North Davis Avenue in Cleveland, MS; 57‑room, three‑story hotel; Outdoor pool, vending machines, guest laundry services, and business center
