Vicksburg Ms Casinos Hotels
Investment Overview
Harrah's Casino In Vicksburg Mississippi
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Motel 6 Vicksburg (‘Hotel’ or ‘Property’) located in Vicksburg, Mississippi. The G6 Hospitality-branded Hotel is offered at $2,500,000 or $21,368 per key. The offering also includes an additional museum building located on an adjacent parcel. The Motel 6 Vicksburg is a 117-room, two-story Hotel stationed at 4137 I-20 Frontage Road, at the busy intersection of Interstate 20 and Highway 80. This Hotel features an outdoor pool, meeting and event space, vending machines, and guest laundry facilities. Spacious guest rooms offer a flat-screen television, a work desk, and an ironing board. Additional Amenities at the Property include the Mirror Room, one of the largest banquet / event spaces in Vicksburg, the Jacques Sports Lounge, and the Jacques Cafe.Vicksburg, Mississippi is located on the Mississippi River on the border shared with Louisiana, about 40 miles west of Jackson, Mississippi. With the city's popular room generators in close proximity to the Property, this Hotel benefits from many key industries of the city. The region is known for its logistics, government, and entertainment industries and attracts over two million visitors annually. Two notable demand generators, the Port of Vicksburg, where over 14 million tons of freight is transported each year, and the U.S Army Engineer Research and Development Center have an economic impact on the state of more than $350 million annually. Entertainment demand drivers for the city include Ameristar (4.8 miles), Riverwalk Casinos (6.0 miles), and Bally’s Vicksburg Casino (6.4 miles).The U.S. Army Corps of Engineers and Tyson Foods, two of the city's largest employers are located approximately 2.5 and 12.4 miles from the Hotel respectively, and are prime revenue drivers for the surrounding area. Another major employer that is responsible for a significant portion of the workforce includes Merit Health – River Region (2.9 miles). Additional guest room generators in the area, like the annual Miss Mississippi Pageant and Parade that help bring revenue to the Hotel through an increase in transient business. In 2020, the limited-service Hotel recorded room revenues of over $930,000 and a net operating income above $91,400, or 9.7 percent as a percentage of total revenues, after a 3 percent management fee reserve. RevPAR has continued to steadily increase year-over-year, averaging over 11 percent from 2019 through July 2021. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR from better revenue management, not only benefiting from increased market share but also higher NOI flow-through.
Riverwalk Casino Vicksburg
Vicksburg Ms Casinos
Oct 04, 2015 3990 Washington Streeet, I-20, Exit 1A, Vicksburg, MS. The price is $98 per night. Sep 29 - Sep 30. A casino and a restaurant are featured at this smoke-free hotel. Relax with a drink at the bar/lounge and enjoy perks like free self parking and free WiFi. A coffee shop and luggage storage are also provided. Receive free 24/7 access to freshly brewed coffee in the Bally’s Vicksburg Hotel Lobby. We are proud to offer free wireless Internet services! Whether you’re relaxing in the lobby area, doing some work in your beautifully appointed hotel room, or conducting business in our business center, you’re always connected! 1046 Warrenton Road, Vicksburg, 39180, MS, United States of America. 194 verified Hotels.com guest reviews. All our reviews have come from real guests who have stayed at the property. Bed very uncomfortable. Vicksburg is located on Mississippi's western border, 45 miles west of downtown Jackson. All Vicksburg hotels are downtown or near I-20 exits. All Vicksburg hotels are downtown or near I-20 exits. Zoom in (+) to see interstate exits, restaurants, and other attractions near hotels.