Investment Overview
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.
CASINOS WE REPRESENT
Dining Guests new to Ameristar Vicksburg Casino Hotel soon discover that the casino’s appeal goes beyond great gaming. Our restaurants are diverse – their offerings range from deli sandwiches to juicy steaks and seafood – and purely delicious.
Ameristar Vicksburg, Mississippi
Ameristar’s presence in Vicksburg, MS is marked by a riverboat jam-packed with the latest casino games. Visitors can try their luck on more than 1,500 slot machines, immerse themselves in 36 exciting table games and visit a 10-table. Ameristar Casino Hotel Vicksburg, Ms. 4 Stars Hotel in Vicksburg, Vicksburg Mississippi Within US Travel Directory Offering an onsite casino and nightclub. NewMain Cashier. Ameristar Casino Hotel Vicksburg 3.8. Vicksburg, MS 39180. Works with Credit customers to ensure they are provided with prompt, courteous, and friendly service; records casino Credit issuances and redemptions for the.
LOCATION
Located Ameristar Casino Hotel Vicksburg is the largest dockside casino in central Mississippi
4116 Washington St
Vicksburg, MS 39180
PROPERTY INFORMATION
The 149 guest rooms have been redesigned with a crisp, modern look and unparalleled comfort. You’ll find it all here: Exquisitely designed custom furniture, European-style bedding, high-tech lighting fixtures, LCD flat screen televisions and wireless high-speed Internet access.
CASINO
Ameristar Casino Vicksburg Ms Address Map
There hasn’t been as much riverboat excitement on the Mississippi River since the nineteenth century, when the waters were crowded with these picturesque vessels. Ameristar’s 70,000-square-foot riverboat casino has brought nonstop action to Vicksburg, including over 1,500 of the latest and most popular slot machines, 27 table games, a ten-table poker room and variety of exquisite dining options. And this just wouldn’t be Mississippi if there wasn’t great music – check it out at our classic blues bar. With more than 1,500 of the latest and most popular slot and video poker machines, we offer more games, in a wide variety of play denominations, than any other casino in the area. You’ll find everything, from penny slots all the way up to the $100 machines, in the High Limit slot area on our casino floor. Offers the widest selection of video poker around including single or multi-hand video poker. Look to Ameristar Casino Hotel Vicksburg for all of your favorite casino table games and a variety of table limits. Enjoy Blackjack, Craps, Roulette, Let It Ride and Three Card Poker, to name a few, as well as the latest specialty games like Min-Bacc. Dealers are ready to count you in. Just pull up a chair and let the games begin!