SpringHill Suites Gulfport I-10
Hospitality | 97 Keys
Marketing description
JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the 97-room SpringHill Suites Gulfport I-10 (the “Hotel” or “Property”). This represents a rare opportunity to acquire an unencumbered asset demonstrating exceptional financial performance with 131% RevPAR penetration and 78.9% occupancy in the supply-constrained Biloxi/Gulfport submarket. Strategically positioned with excellent accessibility to multiple transportation networks including Interstate 10, Highway 49, and Gulfport-Biloxi International Airport, this offering presents investors with a proven, superior-performing Marriott-affiliated property generating robust cash flows at a significant discount to replacement cost in a market primed to reach pre-pandemic performance levels.
Investment highlights
Offered Unencumbered by Management and Debt The Property will be offered unencumbered by a management agreement, allowing a new owner/operator to revamp operational strategies, implement strategic cost control initiatives, and employ more aggressive revenue management strategies.
Strong and Consistent Superiority to Competitive Set The Property continues to penetrate its competitive set, holding a 131% RevPAR as of May TTM and 120% in CY 2024, with strong indication of continuous demand expected in coming years as the market continues to enter pre-pandemic and pre-hurricane levels. Occupancy and ADR continue to outperform the set.
Exceptional Financial Performance The property demonstrates robust and consistent upward-trending NOI since 2023, showcasing reliable cash flow generation and operational stability. This financial strength coincides with a milestone achievement in occupancy, which continues to reach the 80% range, validating management's strategic initiatives and highlighting the asset's growing market appeal.
Highly Desirable Marriott Brand Affiliation The Hotel benefits from Marriott's worldwide distribution network, best-in-class reservation system, and the Marriott Bonvoy rewards program, which boasts over 173 million members across 131 countries and territories. Marriott International's expansive portfolio of over 6,900 properties and 1.3 million guestrooms provides a significant competitive advantage, particularly in attracting group business.
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