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Hotel-Motel

Old Capitol Inn

226 North State Street, Jackson, MS 39201

Listing Price: $3,800,000

Cap Rate
3.30%
Number of Rooms
24
RevPAR
$58
Gross SF
32,234
Price/Room
$158,333
Price/Gross SF
$117.89
Year Built
1952

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the 24-room Old Capitol Inn located in downtown Jackson, Mississippi. The hotel is a 3-story property constructed in 1952 as YWCA and then converted to a hotel in 1996. The Old Capitol Inn presents a unique opportunity for a new owner to acquire a locally known boutique hotel and banquet facility. With an onsite restaurant, rooftop bar, and seven unique event spaces - the largest totaling over 4,000 SqFt - a new owner can have pride of ownership in acquiring and operating this unique property.

Investment Highlights

  • Boutique Hotel Located in Downtown Jackson, MS
  • Significant Business is Generated Through the Banquet Facilities
  • Property Consists of Seven Unique Event Spaces Totaling Over 11,000 SqFt
  • Ranked the Number 2 Hotel on Trip Advisor in Jackson, MS

Exclusively Listed By

  • David J. Altman

    First Vice President Investments

    (954) 245-3426

    Email David

    License(s): FL: SL3256051, AL: 000144449 - 0

    Fort Lauderdale

  • Robert S. Hunter

    First Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL 3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Hotel-Motel

Old Capitol Inn

Listing Price: $3,800,000

Cap Rate
3.30%
Number of Rooms
24
RevPAR
$58
Gross SF
32,234
Price/Room
$158,333
Price/Gross SF
$117.89
Year Built
1952

Investment Highlights

  • Boutique Hotel Located in Downtown Jackson, MS
  • Significant Business is Generated Through the Banquet Facilities
  • Property Consists of Seven Unique Event Spaces Totaling Over 11,000 SqFt
  • Ranked the Number 2 Hotel on Trip Advisor in Jackson, MS

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the 24-room Old Capitol Inn located in downtown Jackson, Mississippi. The hotel is a 3-story property constructed in 1952 as YWCA and then converted to a hotel in 1996. The Old Capitol Inn presents a unique opportunity for a new owner to acquire a locally known boutique hotel and banquet facility. With an onsite restaurant, rooftop bar, and seven unique event spaces - the largest totaling over 4,000 SqFt - a new owner can have pride of ownership in acquiring and operating this unique property.

Exclusively Listed By

  • David J. Altman

    First Vice President Investments

    (954) 245-3426

    Email David

    License(s): FL: SL3256051, AL: 000144449 - 0

    Fort Lauderdale

  • Robert S. Hunter

    First Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL 3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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