FORMER DAYS INN HOTEL ROBINSONVILLE, MISSISSIPPI...FORMER DAYS INN HOTEL ROBINSONVILLE, MISSISSIPPI....

5 Revere Drive • Northbrook, IL 60062 • 855.755.2300 • www.hilcorealestate.com

STEVE [email protected]

ABRAHAM [email protected]

OFFERING SUMMARY

Lot Size: 1.5 Acres

Year Built: 1994

Building Size: 35,720 SF

PROPERTY OVERVIEW

FINAL CALL FOR OFFERS: January 25ON-SITE INSPECTION: Upon Request

The subject property is a limited-service Former Days Inn hotel that opened in 1994 as aKnights Inn and was converted to a Days Inn in 2008. The property features 66 rooms. Thehotel offers complimentary hot breakfast. Situated on a 1.50-acre site, the property islocated in the Tunica Resort Hotel Market. Please note the franchise does not convey inthis sale.

PROPERTY HIGHLIGHTS

• Two-story, limited service hotel on 1.50 AC

• 66 queen/queen or king guestrooms with 350± SF living area; two handicap roomsconfigured

• Lounge/breakfast area

• Administrative offices

• Laundry facilities with commercial washer & dryers

• All utilities available to site

• Approximately two miles to casino destinations including 1st Jackpot Casino Tunica,Gold Strike Casino Resort, and Horseshoe Tunica Hotel & Casino

LENDER-DIRECTED SALEFORMER DAYS INN HOTEL

ROBINSONVILLE, MISSISSIPPI




ADDITIONAL PHOTOSFORMER DAYS INN HOTEL





POPULATION 5 MILES 10 MILES 20 MILES

Total population 1,370 8,355 67,990

Median age 29.1 32.7 35.3

Median age (Male) 29.1 31.3 33.5

Median age (Female) 28.8 33.3 36.4

HOUSEHOLDS & INCOME 5 MILES 10 MILES 20 MILES

Total households 476 3,046 24,031

# of persons per HH 2.9 2.7 2.8

Average HH income $44,807 $46,769 $53,924

Average house value $144,105 $143,308

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAPFORMER DAYS INN HOTEL





SURROUNDING RETAILFORMER DAYS INN HOTEL





LOCATION MAPSFORMER DAYS INN HOTEL





LOCATION DESCRIPTION

Casino gambling's effect on the local economy has spurred population growth in unincorporated parts of the county outside Tunica.Since 1990, the town's name has been popularly associated with several casinos located near the Mississippi River. However, thecurrent group of casinos is located from the community of Tunica Resorts, 10 miles north of the town of Tunica, and extending to theDeSoto County line.

Tunica Resorts was originally named "Robinsonville," but the name was changed in 2005 to eliminate confusion over the location of thecasinos, which have always used the name "Tunica" as an identifier. The success of these gaming houses in northern Tunica Countycame at the expense of the area's first group of casinos in the early 1990s, located just northwest of Tunica proper, in an area known asMhoon Landing. This now comprises the current census-designated place of North Tunica. These casinos were closed or moved aslarger resorts opened closer to Memphis to attract its larger residential base. Unlike the area including casinos along Mississippi's GulfCoast region, Tunica was not in the path of Hurricane Katrina. As a result, some of the regular Gulf Coast customer traffic from casinosdrifted northward to Tunica County while repairs and reconstruction were underway in the Gulf Coast locations.

Though the casinos lie outside the town limits, the benefits of tax revenue generated have also aided the town. Major improvements tothe public school system and downtown district are among the most visible aspects. Long-term include major highway improvements onU.S. Route 61 and a highly-discussed potential expansion of Tunica Municipal Airport.

LOCATIONFORMER DAYS INN HOTEL





TERMS OF SALE

FINAL CALL FOR OFFERS: Friday, January 25

ON-SITE INSPECTION: Upon Request

Interested Buyers: may submit their offers on Hilco's Letter of Intent Form, via mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite320, Northbrook, IL 60062, or via email to [email protected]. LOI forms can be found in the virtual data room.

DUE DILIGENCE INFORMATION: A virtual data room has been set up and contains important due diligence information on the property. To gainaccess, buyers must register for an account at www.hilcorealestate.com.

BUYER'S PREMIUM: A 10% Buyer’s Premium will be added to the High Bid Price.

Disclaimer: The Seller and their agents assume no liability for inaccuracies, errors or omissions in the marketing materials, including the Virtual DealRoom. ALL SQUARE FOOTAGE, ACREAGE, DIMENSIONS, ZONING, COMMON AREA CHARGES (IF, ANY), AND TAXES IN THIS AND OTHERMARKETING MATERIALS ARE APPROXIMATE. This offering may be withdrawn, modified or canceled without notice at any time

Note: The above information is subject to inspection and verification by all parties who are relying on it to formulate a bid. No liability for its inaccuracy,errors, omissions, is assumed by the Seller or its agents. Hilco Real Estate, LLC in cooperation with In cooperation with Paul Lynn, LicensedMississippi Broker, Lic. #21483.

©2019 Hilco Global, LLC

TERMS OF SALEFORMER DAYS INN HOTEL


FORMER DAYS INN HOTEL ROBINSONVILLE, MISSISSIPPI...FORMER DAYS INN HOTEL ROBINSONVILLE, MISSISSIPPI....

Documents

Transcript of FORMER DAYS INN HOTEL ROBINSONVILLE, MISSISSIPPI...FORMER DAYS INN HOTEL ROBINSONVILLE, MISSISSIPPI....