Investment Overview

Marcus & Millichap is pleased to present an exclusive investment opportunity for the Courtyard Vicksburg, an upscale four-story hotel boasting 111 well-appointed rooms. Positioned near the intersection of Interstate 20 and Highway 80, this Marriott International-branded property offers an impressive range of amenities including an indoor pool and whirlpool, an on-site restaurant and bar (Bistro), business center, fitness center, convenience store, and versatile meeting/event space totaling 1,626 square feet across two rooms. This steel constructed property presents a unique opportunity for investors seeking a high-quality asset in a prime location. The Hotel’s current RevPAR index of 96 percent indicates untapped potential. With strategic revenue management and marketing, a new owner could raise the index to 100 percent, driving room revenues to approximately $4.0-4.2M over the next five years. This improvement would enhance ROI and increase asset value, offering substantial upside for investors. Vicksburg, Mississippi, is a historically significant city situated along the Mississippi River, approximately 45 miles west of Jackson, the state capital. Known for its Civil War sites and Antebellum Homes, Vicksburg attracts history enthusiasts and cultural tourists year-round. The city is strategically located along Interstate 20, a major east-west transportation corridor linking Dallas, TX, to Atlanta, GA. U.S. Highway 61, also known as the Great River Road, enhances north-south connectivity, supporting both commercial and tourist traffic. The Port of Vicksburg (6.5 miles) further strengthens the region’s accessibility, facilitating industrial and international trade. Jackson-Medgar Wiley Evers International Airport (JAN), located about 55 miles east, offers commercial airline service, connecting Vicksburg to broader markets. Additionally, Vicksburg’s vibrant casino scene, including popular destinations like Ameristar (4.9 miles), Riverwalk (5.9 miles), and Waterview Casinos (5.2 miles), attracts gaming enthusiasts and tourists, adding another layer of appeal to the city’s tourism and hospitality offerings. This combination of rich history, prime location, and entertainment options positions Vicksburg as a key destination for both leisure and business travel. Vicksburg’s economy is bolstered by a combination of government, military, manufacturing, and tourism sectors. Key employers and institutions include the U.S. Army Corps of Engineers – Engineer Research and Development Center (ERDC – 4.5 miles), employing over 1,800 individuals and driving federal and defense related activities in the region. International Paper (14.4 miles) operates a mill in Vicksburg with approximately 400 employees, while Cooper Lighting employs 450 individuals and Batesville Casket (9.4 miles) employs 177, all within a 10-mile radius. The Ergon Refinery (8.0 miles) is a major industrial employer, processing 26,500 barrels of fuel per day and employing 3,200 workers, located just 7 miles from the city. Tyson Foods (11.6 miles) and Walmart are also substantial employers, each with 500 employees, supporting the area’s industrial and retail workforce. The Grand Gulf Nuclear Station, located 25 miles south in Port Gibson, employs over 675 people and contributes to the region’s energy sector. Additionally, the Port of Vicksburg is a major logistics hub, home to 21 businesses employing 4,000 individuals. It is the 15th largest inland port in the U.S., designated as a Foreign Trade Zone and Port of Entry, with U.S. Customs Service supporting imports from Australia and Japan. Further contributing to the area’s employment are Merit Health (2.9 miles) employing 750, Riverwalk Casino (5.9 miles) employing 430, and Ameristar (4.9 miles) employing 600, boosting the local healthcare and hospitality sectors. Unified Brands (11.4 miles) employs 300, adding to the manufacturing presence. Also contributing to the regional employment landscape are the Entergy Hinds Plant (40 miles) with 270 employees and Eaton (48.1 miles) with 425 employees, expanding the energy and manufacturing reach beyond Vicksburg’s immediate vicinity. Healthcare and workforce training are critical components of Vicksburg’s growth. Merit Health River Region (2.9 miles), the area’s largest medical provider with over 750 employees, leads the healthcare sector, offering acute care and behavioral health services. The 361-bed hospital specializes in cardiology, orthopedics, and women’s health, while the Vicksburg VA Clinic provides vital outpatient services to veterans. Additionally, Hinds Community College – Vicksburg Campus (1.5 miles) serves approximately 2,000 students, offering workforce training and academic programs that support the local labor market and increase demand for transient lodging. Tourism is another key economic driver for the area, with Vicksburg’s Civil War history and riverfront attractions drawing visitors year-round. The Vicksburg National Military Park, (1.1 miles) which commemorates the pivotal Civil War siege, attracts over 500,000 visitors annually and employs around 1,000 people, with an additional 1,900 working on military engineering research. The Mississippi Riverfront, along with nearby casinos like Ameristar, Riverwalk, and Waterview, also contribute to a steady flow of gaming enthusiasts and tourists. Retail and leisure destinations such as The Outlets of Vicksburg (0.4 miles), conveniently located near major lodging corridors, enhance the visitor experience. Seasonal events like the Vicksburg Riverfest, Miss Mississippi Pageant, and the Vicksburg Balloon Festival further drive demand for lodging and hospitality. Additionally, the Key City Sports Park (5.8 miles) is a premier sports complex that drives significant summer tourism and local business. With a new sales and marketing partnership aimed at increasing events, hotels in the area stand to benefit from higher demand for accommodations and increased bookings. Located in the heart of Vicksburg, the $10 million expansion of the port complex mega site is set to begin in early 2025, with substantial completion expected by the end of the year. This development will drive a surge in industrial activity and job creation. At the same time, downtown revitalization efforts, scheduled to continue through 2026, are transforming the area into a more vibrant destination for both residents and tourists. Combined with planned infrastructure improvements, slated to start in 2025 and continue through 2027, these initiatives will boost both business and leisure travel, creating strong demand for quality lodging and presenting a prime opportunity for hotel investment.