979 Gloster St Tupelo, MS 38804-1950
This exceptional 79-key hospitality investment presents a unique opportunity. The four-story, 41,996 square foot Candlewood Suites hotel, built in 2013, sits on a 1.58-acre lot in Tupelo, Mississippi. Strategically located at the intersection of Gloster Street and McCullough Boulevard, this property enjoys high visibility and easy access. The hotel boasts a range of amenities designed for guest comfort and convenience, including a fitness center, guest laundry services, and fully equipped kitchens in each room. Additional features include an indoor pool, business center, outdoor gazebo with grill area. Its proximity to Tupelo's key attractions—Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley's birthplace—further enhances its appeal. The hotel's location in Northeast Mississippi, a region known as the Hils, places it within convenient driving distance of major cities like Memphis, Tennessee (90 miles) and Birmingham, Alabama (135 miles), serving as a regional hub. This institutional-grade investment offers significant potential for growth and return. The property's strong location and comprehensive amenities make it an attractive option for investors seeking a well-established hospitality asset in a thriving market. The single building structure simplifies management and maintenance.
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Candlewood Suites Tupelo North, an IHG Hotel Hotel & Motel
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Grata Grille & Bar Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.