For Sale
For Sale
  • Hotel

    • Staybridge Suites Jackson Ridgeland

    801 Ridgewood Road, Ridgeland, MS 39157 United States
    For Sale
    For Sale
  • Hotel

    • Staybridge Suites Jackson Ridgeland

    801 Ridgewood Road, Ridgeland, MS 39157 United States
    Building Size
    56,511 SF
    Lot Size
    2.39 Acres
    Built
    2005
    Building Size
    56,511 SF
    Lot Size
    2.39 Acres
    Built
    2005

    OVERVIEW

    Cushman & Wakefield’s Hospitality Group has been 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 and East County Line Road, 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 at 561.699.1513 for more information or to schedule a property tour. All property tours/site visits must be scheduled with listing agent team. Any buyers who tour the property without a pre-arranged tour or speak directly with staff will be disqualified from the bidding process.

    CONTACT

    Key Features
    • 2005-Construction, Purpose-Built Staybridge Suites
    • From 2022-2023, The Property Underwent Extensive $3.7 Million Renovations, Leaving Minimal Property Improvement Plan (PIP) Costs Expected For A Buyer
    • New Buyer Expected to Receive 15-Year License with IHG
    • Opportunity To Increase RevPAR To Competitive Set Standards And Exceed Performance Of Competition Through Strong Hands-On Management And Increased Marketing
    • Staybridge Suites By IHG Is A Highly Desirable Flag By Investors And Consumers Alike
    • Hotel Being Offered At A Significant Discount To Replacement Cost
    • Located Within Close Proximity To A Wide Variety Of Main Thoroughfares And Major Expressways (Interstate-55, East County Line Road, And Us Highway 51, Among Others), Providing Ease Of Access And Displaying Excellent Signage To Commuters
    • The Section Of East County Line Road Closest To The Property Has An Average Annual Daily Traffic (AADT) Count Of Approximately 36,800 Vehicles Per Day
    • Extensive Recent and Upcoming Developments in Ridgeland
    • In December 2024, the First TopGolf in the State of Mississippi opened in Ridgeland, Mississippi
    • The TopGolf is part of a large 77-Acre mixed use development expected to include more than 100,000 sq. ft. of office, retail, and restaurant space, 228 homes for sale, and a hotel with a convention center.

    Details

    Building Size:
    56,511 SF
    Sale Price:
    $10,950,000 USD
    Lot Size:
    2.39 Acres
    Year Built:
    2005

    CONTACT

    Staybridge Suites Jackson Ridgeland

    AVAILABILITIES

    SORT: AVAILABLE SPACE

    LOCATION

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