Vicksburg Ms Riverwalk Casino
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Investment Overview
Vicksburg Ms Riverwalk Casino News
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.
Open daily 24 hours.
From penny games to $20 machines to video poker, you can enjoy hundreds of thrilling slots, as well as exciting table games, at Riverwalk Casino in Vicksburg, MS. Located at 1046 Warrenton Rd., Riverwalk Casino boasts 25,000 square feet of gaming space – all on one level – ample surface and garage parking and a free valet service. To learn more about this casino, get in touch with their staff at 601-634-0100 or 866-615-9125.
Details
Vicksburg Ms Riverwalk Casino Hotels
From the newest, most engaging games to longtime favorites, Riverwalk Casino has you covered. Breathe easy thanks to the casino’s high-quality air filtration system, which helps eliminate smoke from the air for a comfortable gaming experience. Choose from classic machines, like Double Diamond or Sizzlin’ 7, high-paying games and new slots from top names. Besides their hundreds upon hundreds of slots, Riverwalk Casino also features favorite table games, including special games, like Mississippi Stud Poker, Bet the Set and Three Card Poker.
While at the casino, you can relish breakfast, lunch and dinner favorites at Smiley’s. If you need a place to rest, book a stay at one of Riverwalk Casino Hotel’s comfortable rooms – some offer stunning views of the Mississippi River. All major credit cards are accepted.
PLAN YOUR TRIP TO VICKSBURG, MS
A contemporary casino situated on the Mississippi riverfront, Riverwalk Casino offers a wide range of slots and table games on a single level. For more information about the casino, eateries or hotel accommodations, contact Riverwalk Casino by phone at 601-634-0100 or 866-615-9125. The casino is located at 1046 Warrenton Rd., Vicksburg, MS 39180.