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2 Hotels For Sale - New Orleans Area

Listing was updated at: 06/03/2019

Property Overview

Price/Rent PSF $ 1,400,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 1
Date Available 10/30/2018
Search Demographic Data Explore financing options
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Description

Location
Picayune was added to the New Orleans metro area in 2014. The city is approximately 45 miles from New Orleans, Hattiesburg, and Gulfport-Biloxi.

Picayune sits on the southern tip of Mississippi, just north of New Orleans, across Lake Pontchartrain and the Pearl River. Picayune boasts a small-town environment but is close to the hustle and bustle of New Orleans and the big gaming action of the Mississippi Gulf Coast. It is strategically located to offer the best of both worlds: a hometown atmosphere with easy access to the bustling cities.

Sale
Both hotels are for sale with NEW PRICING and are well-located, revenue-producing hotel in Picayune, Mississippi.
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First Location -

Econo Lodge
550 South Lofton Street, Picayune, MS
Price: $1,400,000

PROPERTY HIGHLIGHTS:
• 52 Rooms
• Annual Gross Revenues: $509,000
• Renovated 2012
• Breakfast/Coffee Area
• Laundry Facilities
• Business Center
• Outdoor Pool
• Exterior Corridor
• Outdoor Parking
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Second Hotel -

Super 8
999 Cooper Road, Picayune, MS
Price: $1,400,000

PROPERTY HIGHLIGHTS:
• 52 Rooms
• Annual Gross Revenues: $510,000
• Renovated 2014
• Breakfast/Coffee Area
• Laundry Facilities
• Business Center
• Hot Tub
• Exterior Corridor
• Ample RV, Bus, Truck, & Car Parking

Location

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