404-940-5108
310 Greymont Ave, Jackson, MS for Sale
Hospitality - FOR SALE
1/9
null | Request Cap Rate

310 Greymont Ave
Jackson, MS 39202
Belhaven


HIGHLIGHTS

  • Strong RevPAR Upside Potential: The Hotel boasts strong potential to boost RevPAR from gains associated with renovation
  • Accessible to Key Southern Markets like Memphis and New Orleans
  • Downtown Location Near Major Leisure Demand Generators: The Hotel benefits from proximity to Mississippi State Fairgrounds, State Capitol, etc.
  • Proximate to Leaders in Medical Innovation: The Hotel is less than three miles from three of Mississippi’s leading hospitals
  • Region Dominated by Corporate Development: The Jackson metropolitan witnesses ongoing corporate development, evidence by major entities like Amazon
  • Limited New Supply: There is limited risk of supply saturation in Jackson, as only one new hotel is under construction and no new hotels are in final

OVERVIEW

HREC Investment Advisors (“HREC IA”), is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 108-room Holiday Inn Express & Suites Jackson Downtown Coliseum (“Hotel” or “Property”), situated at 310 Greymont Ave Jackson, MS 39202. Positioned immediately off Interstate 55, a north-south route connecting Jackson to vital southern markets like New Orleans and Memphis, the Hotel is ideally located in the heart of the Central Business District less than one mile from the Mississippi State Coliseum and Fairgrounds, Jackson State University, and State Capitol. The Hotel also benefits from its proximity to the University of Mississippi Medical Center, Mississippi’s largest hospital and a Level I trauma facility that receives about 27,000 annual patients with more than 418,000 outpatient and emergency visits each year. Dubbed the City with Soul, Jackson is an experiential urban area colored by an assortment of shopping and dining, as well as immersive museums showcasing the Civil Rights Movement and history. This block-and-plank construction Hotel boasts strong potential to boost RevPAR through gains associated with renovation, particularly due to its leading performance in a comp set saturated by few premium brands and assets with dated amenities. The fee-simple Hotel is offered unencumbered of management and well-below replacement costs, further representing a compelling investment opportunity. Property tours Property tours are available on Tuesday, February 25th and Wednesday, Feburary 26th by appointment only. Please reach out to Bhavesh Patel, bpatel@hrec.com, to schedule.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

108

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Jackson Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

C

APN/PARCEL ID

1027-0018-000

ASK ABOUT THIS PROPERTY

Bhavesh (B.J.) PatelHREC Investment AdvisorsMore Info
404-940-5108

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Bhavesh (B.J.) PatelHREC Investment AdvisorsMore Info
404-940-5108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.