1003 Landmark Blvd Tupelo, MS 38804
90-room Tru by Hilton in Tupelo, Mississippi.
Type:Hospitality
- Added:
- Jul 3, 2024
- Days on Market:
- 648
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1003 Landmark Blvd
General Information
- Standard status
- Active
- Property subtype
- Hospitality
Listing agent Keith Worsham License #GA #267014
Listing office Hilco Global
Listing date Jul 3, 2024
Source Crexi
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 Hilco Global
Overview
Tru by Hilton Hotel
The property is a 90-room Tru by Hilton hotel located in Tupelo, Mississippi, situated in the northeast corner of the state, known as the Hills region. Tupelo acts as a regional hub, with its population increasing significantly each day due to travel. The hotel is approximately 90 miles from Memphis, TN, and 135 miles from Birmingham, AL. The hotel is being exclusively sold as a package deal with the adjacent Home2 Suites by Hilton Tupelo, MS. Historical revenues indicate an occupancy rate of 64.0%, ADR of $115.09, and RevPAR of $73.71 in 2022. In 2023, the occupancy rate was 73.8%, ADR was $117.56, and RevPAR was $86.69. The 2024 occupancy rate was 75.3%, ADR was $117.62, and RevPAR was $88.53. Projected revenues for 2025 include an occupancy rate of 76.0%, ADR of $124.40, and RevPAR of $94.54. For 2026, projections estimate a 78.0% occupancy rate, ADR of $128.20, and RevPAR of $100.00. The 2027 projections show a 78.0% occupancy rate, ADR of $132.00, and RevPAR of $102.96.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hotels
Location Insight
- Map
- Local Demand
- City
- Tupelo
- County
- Lee
- State
- Mississippi
- Longitude
- -88.6623
- Latitude
- 34.3375
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - 90-room Tru by Hilton in Tupelo, Mississippi.
Where is this hotel located?
The property is located at 1003 Landmark Blvd Tupelo, MS.
What are key features of this property?
This property features: Strong historical and projected RevPAR growth from 2022‑2027.; High occupancy rates, exceeding 75% in 2024 and projected to increase.; Increasing ADR indicating strong pricing power.
