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Holiday Inn Express
Price:
$8,600,000
[Currently Under Contract]
Address :
112 Ridge Way
Jackson-Flowood, MS 39232
Located in the heart of the newly developing WaterPointe (live, work, play community)
Large established retail center adjacent to hotel
Consistent revenues can be greatly enhanced with completion of PIP
Only minutes from Jackson-Evers International Airport
Location/Market
Physical Plant
Financials
The population center of Mississippi, the Jackson region is home to 598,875 people.
The Holiday Inn Express & Suites sits in the heart of the commercial district within walking distance of numerous restaurants and retailers.
Only 6 miles to Jackson-Evers International Airport
Close to Regional Demand Generators:
1.2 Miles to Flowood Liberty Park
3 Miles to The Refuge Golf Course
5.4 Miles to Mississippi Agriculture & Forestry Museum
6 Miles to Mississippi Children’s Museum
7.3 Miles to University of Mississippi Medical Center
9 Miles to Mississippi State Capitol Building
11 Miles to Jackson State University
4 Stories
Interior Corridors
Concrete and Steel Construction
Stucco Facade
Pitched Roof with Composition Shingles
Asphalt Parking Lot
Complimentary Breakfast Room (Seats ±40)
Meeting Space
Business Center
2 Elevators
Fitness Center
Seasonal Outdoor Pool
Wireless Internet
Built 2006
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Financials
2017
2018
2019
T-12Mos 5/20
Occupancy
70.71%
72.04%
70.33%
57.33%
Average Daily Rate
$109.24
$108.51
$109.57
$105.65
RevPar
$77.24
$78.17
$77.06
$60.57
Room Revenue
$2,819,385
$2,853,210
$2,812,533
$2,216,716
Net Operating Income
Net Operating Income $1,135,200
$1,061,990
1,007,430
N/A
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!
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