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Hotel-Motel

Holiday Inn Express & Suites Jackson Downtown - Coliseum

310 Greymont St, Jackson, MS 39202

Listing Price: $6,500,000

Cap Rate
5.90%
Number of Rooms
108
RevPAR
$51
Price/Room
$60,185
RRM
3.24
Year Built
1989

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Holiday Inn Express & Suites Jackson Downtown - Coliseum (‘Hotel’ or ‘Property’) located in Jackson, Mississippi. The IHG-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information.

The Holiday Inn Express & Suites Jackson Downtown - Coliseum is a 108-room, five-story Hotel stationed at 310 Greymont Street in Jackson, Mississippi, at the intersection of High Street and Interstate 55, which averages nearly 125,000 vehicles per day. Various common area amenities at the Property include an outdoor pool, breakfast area, fitness center, business center, and meeting facilities.

Jackson, Mississippi, offers a blend of history, culture, and outdoor recreation. Visitors seeking an educational outing can learn more about the region’s history at the Mississippi Civil Rights Museum (0.9 mi), the Old Capitol Museum (1.1 mi), and the Eudora Welty House (2.2 mi). Also, the Mississippi Museum of Natural Science (4.1 mi) is another great destination for families of all ages that are looking to learn about the natural wonder of the area. Additionally, outdoor enthusiasts can enjoy LeFleur's Bluff State Park (4.7 mi), with its scenic trails along the Pearl River and Mayes Lake, or visit the Mynell Gardens Arboretum & Botanical Gardens (6.5 mi). The Fondren District (4.0 miles) provides eclectic shops, art galleries, and dining experiences, while the Mississippi Museum of Art showcases both local and international works. For those looking to buy from nationally acclaimed retailers, Southport Mall Shopping Center is located just six miles from the Hotel. Other attractions near the Hotel include the Jackson Zoo (3.8 mi), Mississippi State Capitol (0.9 mi), Jackson Convention Complex Center (1.7 mi), and Mississippi Veterans Memorial Stadium (3.5 mi). Two universities are located near the Hotel, Jackson State University (2.4 mi) and Belhaven University (2.1 mi), both of which host year-round events and athletic home games. Also located near the Hotel are G.V. Mongomery VA Medical Center (2.7 mi), University of Mississippi Medical Center (3.2 mi), and St. Dominic Hospital (3.3 mi).

The city’s economic development primarily relies on the education, government, medical, and manufacturing industries. Amazon Web Services announced plans to spend $10 billion to build two data centers near Jackson, four times the largest capital investment in the state’s history. The data centers are expected to be partially open by 2027 and create more than a thousand jobs for the area.

Investment Highlights

  • Five-Story, 108-Room, IHG-Branded Hotel
  • Situated Near Downtown Jackson and the Mississippi State Capitol
  • Across the Street from Mississippi State Fairgrounds and the Mississippi Coliseum
  • Amazon Web Services Plans to Build $10 Billion Data Centers by 2027
  • Highly Visible and Easily Accessible from Interstate 55
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

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 Jackson Downtown - Coliseum

Listing Price: $6,500,000

Cap Rate
5.90%
Number of Rooms
108
RevPAR
$51
Price/Room
$60,185
RRM
3.24
Year Built
1989

Investment Highlights

  • Five-Story, 108-Room, IHG-Branded Hotel
  • Situated Near Downtown Jackson and the Mississippi State Capitol
  • Across the Street from Mississippi State Fairgrounds and the Mississippi Coliseum
  • Amazon Web Services Plans to Build $10 Billion Data Centers by 2027
  • Highly Visible and Easily Accessible from Interstate 55
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Holiday Inn Express & Suites Jackson Downtown - Coliseum (‘Hotel’ or ‘Property’) located in Jackson, Mississippi. The IHG-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. The Holiday Inn Express & Suites Jackson Downtown - Coliseum is a 108-room, five-story Hotel stationed at 310 Greymont Street in Jackson, Mississippi, at the intersection of High Street and Interstate 55, which averages nearly 125,000 vehicles per day. Various common area amenities at the Property include an outdoor pool, breakfast area, fitness center, business center, and meeting facilities. Jackson, Mississippi, offers a blend of history, culture, and outdoor recreation. Visitors seeking an educational outing can learn more about the region’s history at the Mississippi Civil Rights Museum (0.9 mi), the Old Capitol Museum (1.1 mi), and the Eudora Welty House (2.2 mi). Also, the Mississippi Museum of Natural Science (4.1 mi) is another great destination for families of all ages that are looking to learn about the natural wonder of the area. Additionally, outdoor enthusiasts can enjoy LeFleur's Bluff State Park (4.7 mi), with its scenic trails along the Pearl River and Mayes Lake, or visit the Mynell Gardens Arboretum & Botanical Gardens (6.5 mi). The Fondren District (4.0 miles) provides eclectic shops, art galleries, and dining experiences, while the Mississippi Museum of Art showcases both local and international works. For those looking to buy from nationally acclaimed retailers, Southport Mall Shopping Center is located just six miles from the Hotel. Other attractions near the Hotel include the Jackson Zoo (3.8 mi), Mississippi State Capitol (0.9 mi), Jackson Convention Complex Center (1.7 mi), and Mississippi Veterans Memorial Stadium (3.5 mi). Two universities are located near the Hotel, Jackson State University (2.4 mi) and Belhaven University (2.1 mi), both of which host year-round events and athletic home games. Also located near the Hotel are G.V. Mongomery VA Medical Center (2.7 mi), University of Mississippi Medical Center (3.2 mi), and St. Dominic Hospital (3.3 mi). The city’s economic development primarily relies on the education, government, medical, and manufacturing industries. Amazon Web Services announced plans to spend $10 billion to build two data centers near Jackson, four times the largest capital investment in the state’s history. The data centers are expected to be partially open by 2027 and create more than a thousand jobs for the area.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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