123 Plz Dr, Hattiesburg, MS 39402-1350
- Hotels
- 34,357 SF
- 1.70 lot acres
Current Use by Public Records
- Wingate by Wyndham Hattiesburg / Hotel & Motel
- Baymont by Wyndham Hattiesburg / Hotel & Motel
Property Details for 123 Plz Dr
- Year built
- 1999
- Lot size
- 1.70 lot acres
- Property type
- Hotels
- APN
- 051J-12-059.000
- APU
- 051J12059000
Description
This 91-key, four-story Wingate by Wyndham hotel in Hattiesburg, Mississippi, presents a compelling investment opportunity. Boasting 34,357 square feet on a 1.6-acre lot (APN: 051J-12-059.000), this interior-corridor property underwent nearly $2,000,000 in renovations in 2023, resulting in a sleek, modern aesthetic. Built in 1999, the hotel enjoys a prime location off Interstate-59, within walking distance of the University of Southern Mississippi, and benefits from high daily traffic counts on nearby Hardy Street (approximately 62,000 vehicles). While current occupancy, ADR, and RevPAR are below competitive set standards, this presents significant upside potential for a new owner through hands-on management or third-party operator strategies. The asking price is $6,000,000, translating to $174.64 per square foot. This property offers investors a chance to acquire a recently renovated hotel in a well-established market with clear potential for increased profitability. The property's size and room count make it particularly suitable for owner-operator models.
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Location Insight
- Map
- Local Demand
- City
- Hattiesburg
- County
- Lamar
- State
- Mississippi
- Longitude
- -89.3542
- Latitude
- 31.3275
- CBSA code
- 25620
- CBSA name
- HATTIESBURG, MS METROPOLITAN STATISTICAL AREA
