Wingate by Wyndham Hattiesburg
123 Plaza Dr, Hattiesburg, Mississippi 39402 United States
OVERVIEW
The Cushman & Wakefield Hotel Group has been retained to offer for sale the fee simple interest in the 91-room Wingate by Wyndham located in Hattiesburg, Mississippi. The property is a four-story, interior-corridor, limited-service hotel located directly off Interstate-59 and is within walking distance of the University of Southern Mississippi. In 2023, owners of this hotel invested nearly $2,000,000 in renovations to make the appearance of the hotel new, sleek, and modern. According to the August 2023 STR Report, the property is currently underperforming competitive set standards in terms of Occupancy, ADR, and RevPAR, providing upside to a new owner. The Wingate by Wyndham offers investors the opportunity to acquire a 91-room, 2023-renovated, interior-corridor property in an established market with the potential to increase Occupancy, ADR, and RevPAR to competitive set standards through hands-on owner- operator/third party management efforts. OTHER HOTELS IN PORTFOLIO INCLUDE Holiday Inn Express & Suites Birmingham Irondale East, AL Wingate by Wyndham Valdosta Moody Air Force Base, GA Comfort Inn & Suites Biloxi-D’Iberville, MS Wingate by Wyndham Hattiesburg, MS ALL HOTELS IN THE EMPIRE LODGING SOUTHEAST FOUR-HOTEL PORTFOLIO CAN BE PURCHASED TOGETHER OR SEPARATE
Details
- Building Size:
- 34,357 SF
- Sale Price:
- $6,000,000 USD
- Lot Size:
- 1.6 Acres
- Year Built:
- 1999
AVAILABILITIES