923 Gloster StTupelo, MS 38804

Property Details for 923 Gloster St

Year built

2014

Property size (Sq ft)

17,446 SF

Property type

Hospitality properties

Property subtype

Motels

APN

089E-30-133-00

APU

089E3013300

Description

This exceptional 121-key Holiday Inn & Suites hotel presents a compelling institutional investment opportunity. The five-story, 75,626-square-foot property sits on a 2.25-acre lot in Tupelo, Mississippi, a regional hub conveniently located 90 miles from Memphis, TN, and 135 miles from Birmingham, AL. Built in 2014, this single-building hotel boasts a range of amenities designed to attract both business and leisure travelers. Guests enjoy access to an on-site restaurant, a cocktail lounge, an indoor pool, a fitness center, a business center, and dedicated conference space, catering to diverse needs. The hotel's strategic location places it near popular attractions such as the Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley's birthplace, further enhancing its appeal and potential for strong occupancy rates. This well-maintained property offers a significant opportunity for investors seeking a proven hospitality asset in a thriving regional market. The property's size, amenities, and location combine to create a strong foundation for continued success and potential for growth. The substantial daily influx of visitors to Tupelo presents a significant market for this established hotel. This is a turnkey operation ready for a new owner to capitalize on its existing success and further develop its market position. The property's strong brand recognition and established reputation within the community contribute to its overall value and investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,133,457

  6.5%

  $2,892,422

  7%

  $2,685,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,984,156

  Geo Method

  $7,997,090

• Alternative Use

  Use

  Valuation

  Residential

  $3,157,684

  Hospitality

  $2,892,422

  Educational

  $2,406,461

  Medical

  $2,489,223

  Retail

  $3,743,384

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.271

Longitude

-88.7165

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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