FINAL CALL FOR OFFERS: January 25
ON-SITE INSPECTION: Upon Request
- 66 queen/queen or king guestrooms with 350± SF living area; two handicap rooms configured
- Lounge/breakfast area
- Administrative offices
- Laundry facilities with commercial washer & dryers
- All utilities available to site
- Approximately two miles to casino destinations including 1st Jackpot Casino Tunica, Gold Strike Casino Resort, and Horseshoe Tunica Hotel & Casino
The subject property is a limited-service Former Days Inn hotel that opened in 1994 as a Knights Inn and was converted to a Days Inn in 2008. The property features 66 rooms. The hotel offers complimentary hot breakfast. Situated on a 1.50-acre site, the property is located in the Tunica Resort Hotel Market.
Please note the franchise does not convey in this sale.
The Memphis–Forrest City Combined Statistical Area, TN–MS–AR (CSA) is the commercial and cultural hub of The Mid-South or Ark-Miss-Tenn. The census defined combined statistical area covers ten counties in three states – Tennessee, Mississippi, and Arkansas. As of census 2010 the MSA had a population of 1,324,108. The Forrest City Micropolitan area was added to the Memphis area in 2012 to form the Memphis–Forrest City Combined Statistical area and had a population of 1,369,548 according to census estimates. The greater Mid-South area as a whole has a population of 2.4 million according to 2013 census estimates. This area is covered by Memphis local news channels and includes the Missouri Bootheel, Northeast Arkansas, West Tennessee, and North Mississippi.
Casino gambling’s effect on the local economy has spurred population growth in unincorporated parts of the county outside Tunica proper. Since 1990, the town’s name has been popularly associated with several casinos located near the Mississippi River. However, the current group of casinos is located from the community of Tunica Resorts, 10 miles north of the town of Tunica, and extending to the DeSoto County line.
Tunica Resorts was originally named “Robinsonville”, but the name was changed in 2005 to eliminate confusion over the location of the casinos, which have always used the name “Tunica” as an identifier. The success of these gaming houses in northern Tunica County came at the expense of the area’s first group of casinos in the early 1990s, located just northwest of Tunica proper, in an area known as Mhoon Landing. This now comprises the current census-designated place of North Tunica. These casinos were closed or moved as larger resorts opened closer to Memphis to attract its larger residential base.
Unlike the area including casinos along Mississippi’s Gulf Coast region, Tunica was not in the path of Hurricane Katrina. As a result, some of the regular Gulf Coast customer traffic from casinos drifted northward to Tunica County while repairs and reconstruction were underway in the Gulf Coast locations.
Though the casinos lie outside the town limits, the benefits of tax revenue generated have also aided the town. Major improvements to the public school system and downtown district are among the most visible aspects. Long-term effects include major highway improvements on U.S. Route 61 and a much-discussed potential expansion of Tunica Municipal Airport.
- Year Built
- Lot Size
- 2 acres
- Posted By
- Broker / Agent
- # of Units