465 Briarwood Dr - Hospitality FOR SALE
Jackson, MS 39206 |
465 Briarwood Dr
Jackson, MS 39206
HIGHLIGHTS
- Fee Simple Interest opportunity for the 119-room, midscale hotel sitting on 2.25-acres just off I-55.
- Four-story, interior-corridor structure built in 1985 and renovated with Move-to-Modern design scheme in 2018-2020.
- There was minimal Covid-19 RevPAR interruption, with 2021 RevPAR exceeding the 2019 levels.
- Premier Choice Hotels franchise affiliation with the ability to retain the flag after minimal PIP requirements.
- There have been consistent revenue and cash flows despite absentee ownership, presenting the opportunity to add value with hands-on management.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Spark by Hilton Jackson Ridgeland
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
57708
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1985
PARKING SPACES
108
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C-3
APN/PARCEL ID
0504-0848-000
