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Key Details
Sold Price $3,100,000
Property Type Hospitality
Listing Status Sold
Purchase Type For Sale
Sold Date 10/17/23
Bedrooms 66
Lot Size 1.100 Acres
Property Description
Quality Inn & Suites is a well-maintained hotel located in Joplin, MO, providing a comfortable and convenient stay for guests. The hotel is easily accessible as it is situated just off I-44, making it an ideal choice for travelers passing through the area. With 66 well-appointed guest rooms, this hotel is larger than the average property size in the Missouri South Area, ensuring a higher capacity for accommodating guests. The property is spread across a generous 47,916 SF, providing ample space for guest facilities and potential future expansion. Onsite amenities include complimentary breakfast, a fitness center, and a computer station for guest convenience. Quality Inn & Suites is a well-established franchise with strong brand recognition and loyalty, attracting repeat customers.
Joplin is a growing city in the heart of the Ozarks, with a significant number of people traveling through the area each year. The Missouri South Area is experiencing growing demand, with a 55.8% occupancy rate that outperforms the market average of 54.0%. The hotel is conveniently located near Mercy Hospital, providing a steady stream of potential guests visiting for medical purposes or hospital staff. Joplin attracts a considerable amount of business from tourism, further contributing to increased demand for hotel accommodations. The city of Joplin is home to colleges such as Missouri Southern State University, attracting guests for games, events, and academic activities, providing a consistent source of business for the hotel.
Location
State MO
County Newton
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Bought with Dharam Chaudhari • Dharam Chaudhari
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