256-872-0688
853 Centre St, Ridgeland, MS for Sale
Hospitality - FOR SALE
1/15
null | Request Cap Rate

853 Centre St
Ridgeland, MS 39157
Outer Ridgeland/Madison


HIGHLIGHTS

  • Fully renovated in 2023–2024; turn-key investment opportunity.
  • 14%+ RevPAR growth; 20%+ in Dec 2024 shows strong demand.
  • Homewood Suites by Hilton drives occupancy and loyalty.
  • Prime location just off I-55 at Exit 103 for easy access.
  • No management contract; flexible operator options.
  • Offered as fee simple; full ownership opportunity.

OVERVIEW

The Homewood Suites by Hilton Jackson-Ridgeland presents a compelling investment opportunity, highlighted by a full property renovation completed in 2023 and 2024, offering a buyer a true turn-key asset. Situated in the Jackson I-55 North/Clinton, MS submarket, the hotel benefits from strong market fundamentals, as evidenced by over 14% RevPAR growth in the three months leading up to December 2024 and a remarkable 20% increase in that month alone, per the STR Report. The property operates under the well-regarded Homewood Suites by Hilton brand, which is synonymous with premium occupancy levels and high loyalty-driven revenues in the extended-stay segment. Its strategic location just off Interstate 55 at Exit 103 ensures convenient access to downtown Jackson, the airport, and key regional destinations. Additionally, the hotel is offered unencumbered by a management agreement, allowing investors the flexibility to install their preferred operator or manage the asset directly. This fee simple offering provides a rare opportunity to acquire a recently renovated, well-branded hotel in a growing and accessible market.

FOR SALE DETAILS

PRICE

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# OF ROOMS

91

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Homewood Suites by Hilton Jackson-Ridgeland

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

109

LAND DETAILS

LAND ACRES

3.94 AC

LAND SF

171,626 SF

ZONING

Commercial

APN/PARCEL ID

072I-31C-011-01-05

ASK ABOUT THIS PROPERTY

Michael SallowayHREC Investment AdvisorsMore Info
256-872-0688

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Michael SallowayHREC Investment AdvisorsMore Info
256-872-0688

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