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Hotel-Motel

Holiday Inn Express & Suites Byram

5569 I-55 South Frontage Rd, Byram, MS 39272

Listing Price: $8,600,000

Cap Rate
10.11%
Number of Rooms
76
RevPAR
$77
Price/Room
$113,158
RRM
4.01
Year Built
2009

Investment Overview

Hotel Attributes: The Holiday Inn Express & Suites Byram is a limited-service, upper-midscale hotel built in 2009. The Hotel features 44 spacious king rooms and 32 rooms with double beds and several amenities such as a fitness center, indoor pool, and business center. Current ownership has thoughtfully maintained the Property, completing a full Formula Blue 2.0 renovation in 2021. Prime Location with Easy Access to Market Demand Generators: The Property is positioned just off Interstate 55, offering excellent visibility and accessibility to major demand generators in the vicinity. Leisure demand generators include Byram Swinging Bridge, Jackson Dragway, The Jackson Zoo, Mississippi Museum of Art, and Lefleur’s Bluff State Park. Located within the Jackson metro, Byram prospers from Mississippi’s largest city with its various attractions and position as a hub of business activity. Several universities in the area such as Jackson State University, Tougaloo College, Millsaps College, Belhaven University, University of Mississippi Medical Center, Mississippi College School of Law, and Hinds Community College all provide demand for rooms in area for events throughout the year. Jackson Mississippi RevPAR Growth: Over the trailing-twelve-month period, the Jackson market RevPAR has increased approximately 9.7 percent, illustrating signs of continued growth in the region. Strong Revenues with Room for Growth: The subject Property has achieved a total that exceeded $2.1 million through the trailing twelve-month period ending in June 2022. The property is outperforming the STR-defined Market Competitive Set with 138 percent RevPAR penetration. A prospective buyer should be able to capitalize on the hotel’s excellent positioning in the market and growing room demand in the region. Fee-Simple Interest: The Hotel presents an opportunity to acquire a well-branded, midscale asset as a fee-simple.

Investment Highlights

  • Four-Story, 76-Room, Limited-Service, Upper-Midscale, IHG-Branded Hotel
  • Completed Full Formula Blue 2.0 Renovation in 2021
  • Well-Positioned and Highly Visible off Interstate 55
  • Plethora of Nearby Leisure and Business Demand Generators Including Universities, Business Headquarters, and Tourist Attractions
  • Twelve-Month June 2022 Room Revenues of Over $2.14 Million

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Hotel-Motel

Holiday Inn Express & Suites Byram

Listing Price: $8,600,000

Cap Rate
10.11%
Number of Rooms
76
RevPAR
$77
Price/Room
$113,158
RRM
4.01
Year Built
2009

Investment Highlights

  • Four-Story, 76-Room, Limited-Service, Upper-Midscale, IHG-Branded Hotel
  • Completed Full Formula Blue 2.0 Renovation in 2021
  • Well-Positioned and Highly Visible off Interstate 55
  • Plethora of Nearby Leisure and Business Demand Generators Including Universities, Business Headquarters, and Tourist Attractions
  • Twelve-Month June 2022 Room Revenues of Over $2.14 Million

Investment Overview

Hotel Attributes: The Holiday Inn Express & Suites Byram is a limited-service, upper-midscale hotel built in 2009. The Hotel features 44 spacious king rooms and 32 rooms with double beds and several amenities such as a fitness center, indoor pool, and business center. Current ownership has thoughtfully maintained the Property, completing a full Formula Blue 2.0 renovation in 2021. Prime Location with Easy Access to Market Demand Generators: The Property is positioned just off Interstate 55, offering excellent visibility and accessibility to major demand generators in the vicinity. Leisure demand generators include Byram Swinging Bridge, Jackson Dragway, The Jackson Zoo, Mississippi Museum of Art, and Lefleur’s Bluff State Park. Located within the Jackson metro, Byram prospers from Mississippi’s largest city with its various attractions and position as a hub of business activity. Several universities in the area such as Jackson State University, Tougaloo College, Millsaps College, Belhaven University, University of Mississippi Medical Center, Mississippi College School of Law, and Hinds Community College all provide demand for rooms in area for events throughout the year. Jackson Mississippi RevPAR Growth: Over the trailing-twelve-month period, the Jackson market RevPAR has increased approximately 9.7 percent, illustrating signs of continued growth in the region. Strong Revenues with Room for Growth: The subject Property has achieved a total that exceeded $2.1 million through the trailing twelve-month period ending in June 2022. The property is outperforming the STR-defined Market Competitive Set with 138 percent RevPAR penetration. A prospective buyer should be able to capitalize on the hotel’s excellent positioning in the market and growing room demand in the region. Fee-Simple Interest: The Hotel presents an opportunity to acquire a well-branded, midscale asset as a fee-simple.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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