Ramada by Wyndham Diamondhead I-10/Gulfport | 103 Live Oak Dr
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Ramada by Wyndham Diamondhead I-10/Gulfport 103 Live Oak Dr
149 Room Hotel Diamondhead, MS 39525 $5,200,000 ($34,899/Room)
Investment Highlights
- Newly Opened Ramada in July 2023?.? All Rooms have been Fully Renovated?. Seller PIP Completed
- Potential Buyer Incentive of $500K at closing if ?Buyer retains the Ramada by Wyndham Franchise
- Located Right off the Highway Exit with Excellent Visibility. Limited Competition with No competing hotels within a 30-mile radius
- Over $1.5 Million Significant Capex Improvements has been completed by the Seller
- Upgraded Concrete Parking Lot with New Striping. Prime Location.
- Conveniently located 65 miles from New Orleans. The Hotel is Only 4 miles from the Casino
Executive Summary
Rooms: 149
Interior Corridor
Year Built: 1990
Lot Size: 6.1 acres
2 Stories
Hotel is located right off Interstate I-10 Exit 16
Close to all demand generators
Bank Financing Available
Newly Opened Ramada in July 2023
Over $1.5 Million Significant Capex Improvements has been completed by the Seller
All Rooms have been Fully Renovated
Seller PIP Completed
New Flooring, New Paint, New TV, New Vanity, New Bed Frame, New Refrigerator, New Microwave, New Toilet, New Ballroom, New Ballroom Furniture, New Ballroom Carpet, New Wifi, New Camera System, Wifi all throughout the building in every room, All Locks are RFID, New Lobby Painted, New Lobby Flooring, New Kitchen Furniture and Cabinet, Wyndham Approved Linen, New AC
Potential Buyer Incentive of $500K at closing if Buyer retains the Ramada by Wyndham Franchise
Upgraded Concrete Parking Lot with New Striping
Prime Location
Conveniently located 65 miles from New Orleans
Located Right off the Highway Exit with Excellent Visibility.
Limited Competition with No competing hotels within a 30-mile radius
The Hotel is Only 4 miles from the Casino
Ramada by Wyndham Diamondhead I-10/Gulfport - MS is located right off Interstate I-10 Exit 16. The hotel is a short drive from Gulf Coast beaches, Hollywood Casino (12 miles) and Silver Slipper Casino (14 miles). It has easy access to tournaments at Gulfport Sportsplex (18 miles), tours at NASA’s Stennis Space Center (20 miles), and championship golf at Diamondhead Country Club (2 miles). The area's natural beauty can be seen at Hancock County Sports Complex (10 miles), while Buccaneer Bay Waterpark (12 miles) and Gulf Islands Waterpark (18 miles) are popular area attractions. Lazy Magnolia Brewing Company (7 miles) and Bay St. Louis Little Theater (11 miles) are two other places to visit that come recommended. Swim with dolphins at Ocean Adventures Marine Park (24 miles), shop at Gulfport Premium Outlets (20 miles), or book a boat tour to Ship Island (22 miles). Also, visit the iconic Biloxi Lighthouse (35 miles), stroll along the white sand of Biloxi Beach (35 miles), and learn about local history at the Maritime and Seafood Industry Museum (36 miles). New Orleans is just 56 miles away from the property. Gulfport-Biloxi International Airport (GPT) is only 21 miles from the hotel.
Location Highlights:
Gulfport Beach - 23 miles
Gulf Islands Waterpark - 18 miles
Institute for Marine Mammal Studies (IMMS) - 27 miles
Gulfport Premium Outlets - 20 miles
Bay St. Louis - 11 miles
Infinity Science Center - 16 miles
Lynn Meadows Discovery Center - 25 miles
De Soto National Forest - 52 miles
Mississippi Gulf Coast Birding Trail - 47 miles
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.
Interior Corridor
Year Built: 1990
Lot Size: 6.1 acres
2 Stories
Hotel is located right off Interstate I-10 Exit 16
Close to all demand generators
Bank Financing Available
Newly Opened Ramada in July 2023
Over $1.5 Million Significant Capex Improvements has been completed by the Seller
All Rooms have been Fully Renovated
Seller PIP Completed
New Flooring, New Paint, New TV, New Vanity, New Bed Frame, New Refrigerator, New Microwave, New Toilet, New Ballroom, New Ballroom Furniture, New Ballroom Carpet, New Wifi, New Camera System, Wifi all throughout the building in every room, All Locks are RFID, New Lobby Painted, New Lobby Flooring, New Kitchen Furniture and Cabinet, Wyndham Approved Linen, New AC
Potential Buyer Incentive of $500K at closing if Buyer retains the Ramada by Wyndham Franchise
Upgraded Concrete Parking Lot with New Striping
Prime Location
Conveniently located 65 miles from New Orleans
Located Right off the Highway Exit with Excellent Visibility.
Limited Competition with No competing hotels within a 30-mile radius
The Hotel is Only 4 miles from the Casino
Ramada by Wyndham Diamondhead I-10/Gulfport - MS is located right off Interstate I-10 Exit 16. The hotel is a short drive from Gulf Coast beaches, Hollywood Casino (12 miles) and Silver Slipper Casino (14 miles). It has easy access to tournaments at Gulfport Sportsplex (18 miles), tours at NASA’s Stennis Space Center (20 miles), and championship golf at Diamondhead Country Club (2 miles). The area's natural beauty can be seen at Hancock County Sports Complex (10 miles), while Buccaneer Bay Waterpark (12 miles) and Gulf Islands Waterpark (18 miles) are popular area attractions. Lazy Magnolia Brewing Company (7 miles) and Bay St. Louis Little Theater (11 miles) are two other places to visit that come recommended. Swim with dolphins at Ocean Adventures Marine Park (24 miles), shop at Gulfport Premium Outlets (20 miles), or book a boat tour to Ship Island (22 miles). Also, visit the iconic Biloxi Lighthouse (35 miles), stroll along the white sand of Biloxi Beach (35 miles), and learn about local history at the Maritime and Seafood Industry Museum (36 miles). New Orleans is just 56 miles away from the property. Gulfport-Biloxi International Airport (GPT) is only 21 miles from the hotel.
Location Highlights:
Gulfport Beach - 23 miles
Gulf Islands Waterpark - 18 miles
Institute for Marine Mammal Studies (IMMS) - 27 miles
Gulfport Premium Outlets - 20 miles
Bay St. Louis - 11 miles
Infinity Science Center - 16 miles
Lynn Meadows Discovery Center - 25 miles
De Soto National Forest - 52 miles
Mississippi Gulf Coast Birding Trail - 47 miles
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.
Property Facts
| Price | $5,200,000 | Building Size | 126,808 SF |
| Price Per Room | $34,899 | No. Rooms | 149 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1990/2023 |
| Property Subtype | Hotel | Parking Ratio | 2.36/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 6.10 AC |
| Price | $5,200,000 |
| Price Per Room | $34,899 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 6.10 AC |
| Building Size | 126,808 SF |
| No. Rooms | 149 |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2023 |
| Parking Ratio | 2.36/1,000 SF |
| Corridor | Interior |
Amenities
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $174.00 | - |
| Guest Room | 144 | $109.00 | - |
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PROPERTY TAXES
| Parcel Number | 132H-1-03-010.000 | Improvements Assessment | $375,902 |
| Land Assessment | $36,590 | Total Assessment | $412,492 |
PROPERTY TAXES
Parcel Number
132H-1-03-010.000
Land Assessment
$36,590
Improvements Assessment
$375,902
Total Assessment
$412,492
zoning
| Zoning Code | Commercial C-2 (Zoned Commercial INTERSTATE I-10 Frontage at Exit 16) |
| Commercial C-2 (Zoned Commercial INTERSTATE I-10 Frontage at Exit 16) |
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Power Broker Raiyan Rab -
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Ramada by Wyndham Diamondhead I-10/Gulfport | 103 Live Oak Dr
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