5709 I-55 North
Jackson, MS 39206

Property Tour and Contact Detail Information: Property tours are available by appointment on November 15 from 1:00- 6:00 pm and Thursday November 16 from 9:00AM - 1:00 PM. Please contact the listing broker to schedule a tour of the property. Investment Overview: Newmark Knight Frank, as sole and exclusive agent, is pleased to present the fee simple interest in the 121-room Baymont Inn & Suites ("Property" or "Hotel") in partnership with Ten-X. The Property is well located in North Jackson, with great visibility from, and access to I-55 (exit #102), just 8 miles north of downtown Jackson. Originally built as a Comfort Inn & Suites and re-branded as a Baymont Inn & Suites in June 2010, the asset benefits an interior corridor, 5-story modern physical plant with a great room count that would help drive high revenue levels. In 2016, the Property had total revenues of $1.3+/-; however, the Property was being renovated with a considerable number of rooms blocked throughout the year, impeding the hotels ability to perform better. Additionally, the Hotel is owned by a party that is essentially "Absentee" and considers the hotel non-strategic with a focus on other projects and i Additionally, the Hotel is owned by a party that is essentially "Absentee" and considers the hotel non-strategic with a focus on other projects and initiatives. The combination of these factors provides a more hands-on investor an excellent opportunity to improve management, potentially up-brand the hotel, and make further capital improvements for a better market share, additional revenue and profitability. The exit where the Hotel is located is very busy with an abundance of retail and restaurants, including IHOP, Chili's, Fuddruckers, Twin Peaks, Cracker Barrel and Outback. Demand generators in close proximity include the Nissan Facility, the Hawkins Field Airport, The University of Mississippi Medical School, the North Park Mall, and JSU Stadium. The city of Jackson's location allow it to attract both transient, as well as business demand from the inbound/outbound traffic of Memphis and New Orleans. The city also provides several recreational, cultural and arts activities for guests visiting the area. Other demand generators include the Barnett Reservoir, the Natchez Trace Parkway, and the Jackson Zoo.