Current Use by Public Records
- Microtel Inn & Suites by Wyndham Meridian / Hotel & Motel
- MICO HOTEL / Hotel & Motel
Property Details for 518 Bonita Lakes Dr
- Lot size
- 1.80 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional investment opportunity presents the Microtel Inn & Suites by Wyndham Meridian, a 79-key hotel ideally located at 518 Bonita Lakes Dr, Meridian, MS 39301. The property, built in 2001, sits on a 1.8-acre lot and boasts a substantial 35,789 square feet of gross building area, spread across three floors with approximately 11,930 square feet per floor. Offered at $2,600,000, this represents an attractive price per key of $32,911. The hotel's prime location within a thriving area of Meridian, Mississippi, benefits from a growing population and strong median household income, creating a robust market for hospitality businesses. The property's convenient access to local amenities and attractions further enhances its appeal to both business and leisure travelers. This represents a compelling opportunity for investors seeking a well-established hotel in a dynamic market. The property's size and established presence make it a strong contender for significant returns on investment. This is a turnkey operation ready for a new owner to capitalize on its existing success and potential for future growth. The property's solid construction and established brand recognition contribute to its overall value and potential for long-term profitability. This is a rare opportunity to acquire a well-positioned hotel in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Meridian
- County
- Lauderdale
- State
- Mississippi
- Longitude
- -88.6713
- Latitude
- 32.3623
