801 Ridgewood Rd - Hospitality FOR SALE


Ridgeland, MS 39157- Outer Ridgeland/Madison
$11,000,000 USD
561-227-4513
801 Ridgewood Rd, Ridgeland, MS for Sale
$11,000,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

801 Ridgewood Rd
Ridgeland, MS 39157
Outer Ridgeland/Madison


HIGHLIGHTS

  • 2005 Construction, Purpose-Built Staybridge Suites
  • The property recently underwent a $3.7 million renovation from 2022-2023, minimizing future Property Improvement Plan (PIP) costs.
  • A new buyer is expected to receive a 15-year relicense with IHG, providing a long-term brand affiliation.
  • Nearby 77-acre mixed-use development anchored by TopGolf will include office, retail, residential, and hotel space
  • The hotel offers excellent visibility and access due to its proximity to Interstate-55.

OVERVIEW

Cushman & Wakefield’s Hospitality Group has been exclusively retained to offer for sale the fee simple interest in the 92-room Staybridge Suites located in Ridgeland, Mississippi, which is located less than 10 miles from downtown Jackson, the capitol of Mississippi. The property is a three-story, limited-service, purpose-built, extended-stay hotel that is conveniently located within close proximity to Interstate-55 providing excellent visibility and access. Additionally, the property presents the opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong hands-on management and increased marketing. The Staybridge Suites Jackson Ridgeland offers investors the opportunity to acquire a 92- room, recently renovated property, located in the Jackson Metropolitan Area which has an estimated population of 610,000 people. Please contact Jesse Lastofsky with Cushman & Wakefield for more details at 561.699.1513 or Jesse.Lastofsky@cushwake.com **All property tours must be coordinated and scheduled with the Listing Agent team. Any buyers who tour the property without a pre-arranged tour will be disqualified from the bidding process.**

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$252 USD /SF

# OF ROOMS

92

PRICE/ROOM

$119,565 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Staybridge Suites Jackson

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

C

APN/PARCEL ID

071G-36D-039-01-00

ASK ABOUT THIS PROPERTY

Jesse LastofskyCushman & WakefieldMore Info
561-227-4513

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Jesse LastofskyCushman & WakefieldMore Info
561-227-4513

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