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Property profile & analytics
OFF-MARKET
Hospitality properties

518 Bonita Lakes Dr Meridian, MS 39301

1.8 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hospitality properties
Lot 1.8 ac (78,408 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Microtel Inn & Suites by Wyndham Meridian Hotel & Motel
  • MICO HOTEL Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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