Offering Memorandum...HOTEL/MOTEL ADDRESS NUMBER OF ROOMS OPEN DATE MILES TO SUBJECT Sleep Inn & Suites Aurport Pearl 333 Airport Road South Pearl, MS 39208 72 07/2007 0.0 Best Western

SLEEP INN & SUITES AIRPORT333 Airport Rd S • Pearl, MS 39208

Offering Memorandum

1

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and

should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified

information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the

future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or

asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any

tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable;

however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters

and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of

the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary,

especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on

behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus &

Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other

professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma

financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections,

analyses, and decision-making.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name

is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or

commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

SLEEP INN & SUITES AIRPORT MISSISSIPPI BROKER OF RECORD

Pearl, MS William M. Davis

ACT ID ZAC0870004 License # B-15586

2

TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Offering Summary

Regional Map

Local Map

Aerial Photo

FINANCIAL ANALYSIS 02STR

Historical P&L

5 Year Pro Forma

5 Year Return

Acquisition Financing

MARKET COMPETITORS 03Competitive Set Performance

Competitor Data

MARKET OVERVIEW 04

Market Analysis

Demographic Analysis

SLEEP INN & SUITES AIRPORT

3


4

INVESTMENT

OVERVIEW


#

EXECUTIVE SUMMARY

OFFERING SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES

Travelers 2,094

Mississippi State Hospital 1,727

Hamiltondavis Home Care Inc 1,500

River Oaks Health System 1,159

Hudspeth Regional Center 996

STA-Home Home Health Agcy Inc 968

Boeing 831

Blue Cross 800

Walmart 500

Mississippi State Dept Educatn 401

Crossgate Riveroak Hospital 400

Merit Health Rankin 400

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2020 Estimate Pop 1,818 26,317 56,176

2010 Census Pop 1,724 25,086 53,063

2020 Estimate HH 749 8,638 20,814

2010 Census HH 699 8,103 19,340

Median HH Income $73,125 $56,250 $60,910

Per Capita Income $34,368 $24,655 $29,058

Average HH Income $83,403 $70,076 $76,200

5

VITAL DATA

CURRENT YEAR 1

Price $2,650,000 CAP Rate 5.29% 9.76%

PIP $108,000 Net Operating Income $145,961 $258,682

Down Payment 26.56% / $703,870 Net Cash Flow After Debt Service -2.54% / ($17,854) 13.48% / $94,868

Loan Amount $2,068,500 Total Return 6.24% / $43,939 22.26% / $156,660

Loan Type Proposed New

Interest Rate / Amortization 5% / 20 Years

Price/Room $36,806

Ownership Type Fee Simple

Number of Rooms 72

Rentable Square Feet 33,038

Number of Buildings 1

Number of Stories 3

Year Built 2007

Lot Size 1.29 acre(s)


OFFERING SUMMARY

▪ Value Add Opportunity

▪ Located in Pearl, Mississippi - Part of the Jackson MSA

▪ Valued Well Below Replacement Cost

▪ Absentee Owner for Past Three Years

▪ Well Maintained Hotel with Many Upgrades from 2014-2019

▪ Roof Replaced with Metal Roof in 2016

INVESTMENT HIGHLIGHTS

The Sleep Inn & Suites in Pearl, Mississippi allows an investor to purchase an established hotel near solid demand generators at well below replacement costs. This is a

great value-add opportunity. With more hands-on management the hotel revenues should increase tremendously. The current owner/operator has been mainly an absentee

operator for the past three years. The hotel has consistently performed far below its comp set per the STR report showing the upside potential available in the market. The

hotel is primed for a new owner to come in and drive the revenues by running the hotel more efficiently.

The property was constructed by the current owner in 2007 and it has always operated under the Sleep Inn by Choice flag. The hotel has been upgraded over the past five

years with a new lobby, upgraded rooms, and general property upgrades. The roof was replaced with a metal roof in 2016. The PIP is expected to be minimal but with known

PIP items to be new lounge chairs and room carpet.

INVESTMENT OVERVIEW

6


#

OFFERING SUMMARY

PROPERTY OVERVIEW

The Sleep Inn & Suites Airport in Pearl, Mississippi is a well-appointed property located off Interstate 20 just two-

and-a-half miles from Jackson International Airport. The Sleep Inn appeals to travelers coming to the Jackson,

Mississippi MSA for its many attractions as well as travelers needing quick access to the airport. The hotel is set

up to appeal to both leisure and business travelers alike. The hotel was originally constructed in 2007 and offers 72

guest rooms. Amenities at the property include premium free WiFi, a fitness center, guest laundry, and a business

center.

Pearl is a growing suburb of the Jackson MSA with an increased population over the past 10 years of over 3

percent. Pearl offers many attractions including the Mississippi Braves, a AA Minor League Baseball team; the

Mississippi Outlets an outlet mall with over 60 stores and restaurants; as well as Hinds Community College Rankin

campus. The Jackson MSA has a population of approximately 600,000. Some of the area's largest employers are

the State of Mississippi, University of Mississippi Medical Center, Nissan North America, and Baptist Health

Systems.

7

▪ Guest Laundry

Common Area Amenities

▪ Fitness Center

▪ Business Center

▪ Free WiFi

Guest Room Amenities

▪ Microwave and Refrigerator

▪ Pillow Top Mattress

▪ Work Desk with Ergonomic Chair

7

OFFERING SUMMARY


8

PROPERTY SUMMARY

THE OFFERING

Property Sleep Inn & Suites Airport

Price $2,650,000

Property Address 333 Airport Rd S, Pearl, MS

SITE DESCRIPTION

Number of Rooms 72

Number of Stories 3

Year Built/Renovated 2007

Ownership Type Fee Simple

Lot Size 1.29 acre(s)

Parking Outdoor

CONSTRUCTION

Foundation Concrete

Framing Wood

Exterior Stucco

Parking Surface Concrete

Roof Metal

MECHANICAL

HVAC PTAC Units

Elevators Yes

CHANGE TO FRANCHISE

Parent Company Choice Hotels

PROPOSED FINANCING

FIRST TRUST DEED

Loan Amount $2,068,500

Loan Type Proposed New

Interest Rate 5%

Amortization 20 Years

Loan Term 20 Years

Loan to Value 78%

Debt Coverage Ratio .89

SECOND TRUST DEED

Loan Type All Cash

REGIONAL MAP


9

LOCAL MAP


10

AERIAL PHOTO


11

Marcus & Millichap closes

more transactions than any other

brokerage firm.

12


12

PROPERTY PHOTO


13

FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS


STR

14

FINANCIAL ANALYSIS


HISTORICAL P&L

15

FINANCIAL ANALYSIS


HISTORICAL P&L

16

FINANCIAL ANALYSIS


5 YEAR PRO FORMA

17

FINANCIAL ANALYSIS


5 YEAR PRO FORMA

18

FINANCIAL ANALYSIS


5 YEAR RETURN

19

MARCUS & MILLICHAP ADVANTAGE

MARCUS & MILLICHAP CAPITAL

CORPORATION CAPABILITIES

MMCC—our fully integrated, dedicated financing arm—is committed to

providing superior capital market expertise, precisely managed execution, and

unparalleled access to capital sources providing the most competitive rates and

terms.

We leverage our prominent capital market relationships with commercial banks,

life insurance companies, CMBS, private and public debt/equity funds, Fannie

Mae, Freddie Mac and HUD to provide our clients with the greatest range of

financing options.

Our dedicated, knowledgeable experts understand the challenges of financing

and work tirelessly to resolve all potential issues for the benefit of our clients.

Optimum financing solutions to

enhance value

Enhanced control through

investor qualification support


MMCC’s ability to qualify

investor finance contingencies


MMCC’s ability to monitor

investor/due diligence and

underwriting to ensure timely,

predictable closings

Enhanced control through quickly

identifying potential debt/equity

sources, processing, and closing

buyer’s finance alternatives

WHY MMCC?

National platform

operating

within the firm’s

brokerage offices

$ 7.18 billion

total national

volume in 2019

Access to more

capital sources

than any other

firm in the

industry

Closed 1,994

debt and equity

financings

in 2019

20



21

MARKET

COMPETITORS


(SUBJECT)

HOTEL/MOTEL ADDRESS NUMBER OF ROOMS OPEN DATE MILES TO SUBJECT

Sleep Inn & Suites Aurport Pearl 333 Airport Road South Pearl, MS 39208 72 07/2007 0.0

Best Western Airport 257 South Pearson Road Pearl, MS 39208 50 08/1993 3.7

Sleep Inn Flowood 4351 Lakeland Drive Flowood, MS 39232 89 06/1998 4.5

Ramada Pearl Jackson Airport 341 Airport Road I-20 Exit 52 Pearl, MS 39208 53 01/1998 0.1

Quality Inn & Suites Jackson International

Airport360 Gilchrist Drive Pearl, MS 39208 72 07/2003 0.2

COMPETITIVE SET MAP

1

2

3

4

5


22


$0.00

$10.00

$20.00

$30.00

$40.00

$50.00

$60.00

$70.00

$80.00

2016 2017 2018

ADR Comparison

Hotel/Motel Comp Set

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$35.00

$40.00

2016 2017 2018

RevPAR Comparison


COMPETITORS

COMPETITIVE SET PERFORMANCE

The table below summarizes the occupancy, ADR, and RevPAR for the Sleep Inn & Suites Airport and its defined competitive set for the

2016 - 2018 periods.

Source: Smith Travel Research

OCCUPANCY, ADR & RevPAR

Sleep Inn & Suites Airport

Occupancy ADR RevPAR

Year Hotel/Motel Comp Set Penet. Hotel/Motel Comp Set Penet Hotel/Motel Comp Set Penet

2016 40.7% 57.2% 71.0% $75.93 $60.78 125.0% $30.90 $34.77 89.0%

2017 40.7% 57.2% 71.0% $75.93 $60.78 125.0% $30.90 $34.77 89.0%

2018 30.6% 47.5% 64.0% $75.24 $62.72 120.0% $23.02 $29.79 77.0%

% Change -24.8% -17.0% -9.9% -0.9% 3.2% -4.0% -25.5% -14.3% -13.5%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

2016 2017 2018

Occupancy Comparison


2016 2017 2018

Hotel/Motel 40.7% 40.7% 30.6%

Comp Set 57.2% 57.2% 47.5%

Index 71.0% 71.0% 64.0%

2016 2017 2018

Hotel/Motel $75.93 $75.93 $75.24

Comp Set $60.78 $60.78 $62.72

Index 125.0% 125.0% 120.0%

2016 2017 2018

Hotel/Motel $30.90 $30.90 $23.02

Comp Set $34.77 $34.77 $29.79

Index 89.0% 89.0% 77.0%

23

PRICING AND VALUATION MATRIX

PROPERTY NAMESLEEP INN & SUITES AIRPORT



PRICING AND VALUATION MATRIXPRICING AND VALUATION MATRIX




COMPETITOR DATA

Sleep Inn Flowood

Best Western Airport

Sleep Inn & Suites Aurport Pearl

COMPETITORS

Ramada Pearl Jackson Airport

24





PRICING AND VALUATION MATRIXPRICING AND VALUATION MATRIX




COMPETITOR DATA

La Quinta Inns & Suites Brandon Jackson Airport

Quality Inn & Suites Jackson International Airport

New Competitive Supply

See Help page for pipeline definitions

COMPETITORS

25


26

MARKET

OVERVIEW

MARKET OVERVIEW

OVERVIEW

JACKSON

▪ The area’s largest industry is the local, state and federal governments, which account for more than

38,000 jobs. The public education and higher-education sectors are also strong contributors to the

workforce. The largest institution of higher learning in the metro is Jackson State University.

▪ A broad base of manufacturing talent is present in the Jackson metro. Experienced workers here

have engineering, production manufacturing, computer technology and materials handling skills. The

Nissan yearly payroll is more than $400 million.

DEMOGRAPHICS

1

ECONOMY

METRO HIGHLIGHTS

* Forecast

Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau


MANUFACTURING INDUSTRYManufacturing plays an important role in the economy. Nissan has a workforce

of more than 6,000 workers at the Nissan Canton Vehicle Assembly Plant.

STATE CAPITALJackson is the capital city of Mississippi and the state’s largest urban center,

supporting a broad base of public sector employment.

AUTOMOTIVE INDUSTRY CONTRACTORSThe presence of Nissan supports the existence of other manufacturing and

automotive suppliers in the metro, such as Delphi Technology.

The city of Jackson is the capital city of Mississippi and is equidistant between

New Orleans and Memphis. The Jackson metro consists of Copiah, Hinds,

Madison, Rankin, Simpson and Yazoo counties. A low cost of living along with a

skilled manufacturing workforce are driving growth in the local auto industry. Even

though the median income here falls far below the national average, the

homeownership rate of 68 percent surpasses the U.S. level.

591K

2019POPULATION:

220K

2019HOUSEHOLDS:

36.6

2019MEDIAN AGE:

$53,700

2019 MEDIAN HOUSEHOLD INCOME:

U.S. Median:

38.1U.S. Median:

$60,8004.1%

Growth2019-2024*:

3.3%

Growth2019-2024*:

MARKET OVERVIEW


28

GULF REGION

Alabama Takes Center Stage in Growth; Louisiana Encounters More Construction

Tourism and economic activity lift prospects. Steadily rising visitor counts at tourist destinations in

Alabama, Louisiana and Mississippi are bolstering demand for hotel rooms in the Gulf. Expanding economic

activity at logistical hubs such as Gulfport and Mobile are also drawing business travelers, supporting an

overall increase in occupancy, ADR, and RevPAR for the region this year. Among the Gulf states, Alabama is

leading revenue growth, starting 2020 with cycle-high occupancy and RevPAR up more than 5 percent since

2018. In Louisiana, hotel fundamentals are being weighed down numerous new rooms in development. The

pipeline is concentrated in New Orleans, where 1,200 keys are under construction and another 1,600 rooms

are expected to break ground before 2021. Arkansas and Mississippi will also have an increased slate of

rooms entering development within the next 12 months, which may create headwinds for hotel performance in

the future.

Transaction velocity holds steady as cap rates elevate. While overall transaction velocity has remained

largely the same year over year, investors realigned their acquisition strategy for the Gulf in 2019, shifting

their focus toward higher-yield assets in Louisiana and Mississippi. The change in sales composition drove

the regional average first-year return into the low-10 percent range, up roughly 200 basis points from 2018.

Deal flow has been elevated in Tunica and DeSoto counties, adjacent to Memphis, as investors seek

renovation opportunities and economy hotels with access to the city. In Louisiana, Baton Rouge and New

Orleans keep center stage, capturing large portions of the region’s transaction velocity. New Orleans assets

maintain cap rates 100 basis points lower than the region average. Little Rock experienced a flurry of

properties trading hands in 2018 but has stepped back over the previous year as investors shifted toward

more value-oriented select service and limited service assets.

2020 Demand Growth

1.9% Year-over-Year Room Nights

States: Alabama, Arkansas, Louisiana and Mississippi

MARKET OVERVIEW


29

GULF REGION

2020 Regional Highlights

s 2019 = recent openings; 2020 = under construction as of December 2019

Sources: CoStar Group, Inc.; STR, Inc.;

Real Capital Analytics

1.7%

160 bps

9%

Percent of Inventory Under Construction as of December 2019

Five-Year Occupancy Growth 2015-2020

Five-Year RevPAR Growth

▪ Alabama will be home to a variety of events in 2020 that will bring additional visitors to the region. The

NCAA’s SEC Conference will hold their baseball championships in Hoover, where attendance has been

growing. A contract extension will keep the event in Hoover until at least 2021. Additionally, Birmingham

will host the Frontier Conference, an industrial innovation convention, in April.

▪ Louis Armstrong New Orleans International Airport opened a new terminal in November of 2019, adding

additional capacity that better equips the facility to handle the increasing tourist traffic flowing to the

region. Other airports in the Gulf are also undergoing updates. In Little Rock, $60 million is being deployed

to Clinton National Airport, aiming to improve safety and efficiency.

▪ New Orleans hosted the NCAA College Football National Championship between Louisiana State

University and Clemson University in January, increasing demand for hotels over the event weekend.

MARKET OVERVIEW


30

GULF REGION

2020 Region Forecast

* Forecast

Sources: CoStar Group, Inc.; STR, Inc.; Real Capital Analytics

Supply

up 1.2%

Occupancy

up 50 bps

ADR

up 0.7%

RevPAR

up 1.4%

Investment

Approximately 5,500 hotel rooms are under construction in the Gulf,

concentrated in Mississippi and Louisiana, with 1,700 and 1,500 keys,

respectively. Across all four states, 11,000 rooms are expected to break

ground within the next year.

Following a 70-basis-point increase in 2019, occupancy in 2020 will rise to

60.6 percent, due to in part to a smaller construction pipeline than in previous

years.

Average daily rate growth will temper slightly in 2020, slowing from a nearly 1

percent gain in 2019, helping settle ADR at $96.40.

RevPAR will advance by a slightly more moderate pace in 2020, slowing from

the 2 percent gain that occurred in 2019 and ending 2020 at $58.87.

Investors in the Gulf Region have targeted upper midscale assets primarily in

Louisiana and Alabama. Limited service properties are favored in Louisiana as

well, while select service hotels in Arkansas were also sought by investors.

PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS

Source: © 2020 Experian

Created on January 2021

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2025 Projection

Total Population 1,882 26,973 57,995

▪ 2020 Estimate


▪ 2010 Census


▪ 2000 Census


▪ Daytime Population

2020 Estimate 3,826 29,634 70,223

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2025 Projection

Total Households 779 8,948 21,679

▪ 2020 Estimate


Average (Mean) Household Size 2.46 2.47 2.44

▪ 2010 Census


▪ 2000 Census


HOUSING UNITS 1 Miles 3 Miles 5 Miles

▪ Occupied Units

2025 Projection 779 8,948 21,679

2020 Estimate 788 9,073 21,874

HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2020 Estimate

$200,000 or More 2.11% 2.12% 3.00%

$150,000 - $199,000 6.77% 3.97% 4.61%

$100,000 - $149,000 24.43% 14.09% 14.98%

$75,000 - $99,999 15.41% 13.44% 15.49%

$50,000 - $74,999 17.20% 21.76% 20.63%

$35,000 - $49,999 13.53% 13.77% 13.23%

$25,000 - $34,999 7.94% 11.57% 10.29%

$15,000 - $24,999 6.32% 9.46% 9.07%

Under $15,000 6.28% 9.81% 8.70%

Average Household Income $83,403 $70,076 $76,200

Median Household Income $73,125 $56,250 $60,910

Per Capita Income $34,368 $24,655 $29,058

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population 25+ by Education Level

2020 Estimate Population Age 25+ 1,276 18,615 39,015

Elementary (0-8) 3.42% 4.04% 2.83%

Some High School (9-11) 5.08% 11.30% 8.90%

High School Graduate (12) 34.87% 31.58% 27.98%

Some College (13-15) 24.58% 24.43% 25.14%

Associate Degree Only 11.68% 8.24% 9.73%

Bachelors Degree Only 12.91% 12.11% 15.39%

Graduate Degree 6.64% 5.81% 8.52%

31

Income

In 2020, the median household income for your selected geography is

$53,030, compare this to the US average which is currently $62,990.

The median household income for your area has changed by 47.35%

since 2000. It is estimated that the median household income in your

area will be $61,865 five years from now, which represents a change

of 16.66% from the current year.

The current year per capita income in your area is $28,988, compare

this to the US average, which is $34,935. The current year average

household income in your area is $73,492, compare this to the US

average which is $90,941.

Population

In 2020, the population in your selected geography is 249,474. The

population has changed by 8.43% since 2000. It is estimated that the

population in your area will be 255,444.00 five years from now, which

represents a change of 2.39% from the current year. The current

population is 47.25% male and 52.75% female. The median age of the

population in your area is 35.17, compare this to the US average

which is 38.21. The population density in your area is 794.28 people

per square mile.

Households

There are currently 97,031 households in your selected geography.

The number of households has changed by 9.78% since 2000. It is

estimated that the number of households in your area will be 99,951

five years from now, which represents a change of 3.01% from the

current year. The average household size in your area is 2.46

persons.

Employment

In 2020, there are 174,116 employees in your selected area, this is

also known as the daytime population. The 2000 Census revealed that

64.52% of employees are employed in white-collar occupations in this

geography, and 35.58% are employed in blue-collar occupations. In

2020, unemployment in this area is 4.74%. In 2000, the average time

traveled to work was 23.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

48.43% White, 47.30% Black, 0.04% Native American and 1.24%

Asian/Pacific Islander. Compare these to US averages which are:

69.84% White, 12.88% Black, 0.20% Native American and 5.75%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 2.91% of the current year

population in your selected area. Compare this to the US average of

18.38%.

PROPERTY NAME

MARKETING TEAM


Housing

The median housing value in your area was $148,763 in 2020,

compare this to the US average of $221,068. In 2000, there were

53,143 owner occupied housing units in your area and there were

35,240 renter occupied housing units in your area. The median rent at

the time was $452.

Source: © 2020 Experian

DEMOGRAPHICS

32

8


DEMOGRAPHICS

33

Documents

Offering Memorandum...HOTEL/MOTEL ADDRESS NUMBER OF ROOMS OPEN DATE MILES TO SUBJECT Sleep Inn & Suites Aurport Pearl 333 Airport Road South Pearl, MS 39208 72 07/2007 0.0 Best Western