Make your mark on the booming Sunbelt hospitality segment with this rare opportunity to acquire a highly accessible, one-of-a-kind resort destination near a high-value MSA with long-term potential at 13615 Old Highway 61 N, the former Harrah’s Tunica.
This beautiful upscale getaway, originally constructed in 1996 with an investment of over $500,000,000, currently comprises two hotel towers with 1,168 guest rooms overlooking several lakes and an eighteen-hole Hale Irwin-designed golf course. The 2,200-acre site includes 600 acres of useable or developable farmland, a 750-acre private hunting and shooting range, and the Mid-South RV Park, with over 200 RV spaces, including electric, sewer, and cable hookups. The scenic resort offers amenities and features, including several pools, a large spa, a salon with eighteen treatment rooms, an approximately 40,000-square-foot kids center with an indoor climbing gym and arcade, a beautiful convention center with a well-maintained grand ballroom, and several comfortable clubhouses. Supporting facilities for the resort include multiple maintenance buildings, an approximately 50,000-square-foot laundry facility, and a warehouse used for administrative offices. Many buildings have full commercial kitchens, supporting several bar and restaurant spaces across the property. This property offers a best-in-class resort at a fraction of the replacement cost, requiring minimal touch-up before returning to operation, with nearly limitless opportunities for expansion in the future.
13615 Old Highway 61 N sits 30 miles south of Memphis on the Mississippi River. The Memphis International Airport is less than 25 miles away, and Interstate 55 is less than 20 miles away. The Sunbelt is a go-to location for hospitality investment and new resort ventures. Hospitality and gaming hotspots, including the 1st Jackpot Casino, Gold Strike Casino, and Hollywood Casino, are less than 8 miles from the resort, providing built-in traffic and exposure to an existing customer base.
For property tours and additional details about this exciting offer, contact the TJM Properties team today.