Quality Inn & Suites Jackson | 5723 I-55
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Quality Inn & Suites Jackson 5723 I-55
78 Room Hotel Jackson, MS 39206 $2,900,000 ($37,179/Room) 10.17% Cap Rate
Investment Highlights
- Property was apprised $2.9M in 2022 before the Significant Capital improvement
- Interior Corridor, Newer Construction Built As Fairfield Inn and Suites by Marriott
- Extremely Motivated Seller is from out of State and looking for a very quick sale
- Unbeatable price at $ 37K per key AND less than 3X on estimated 2024 Revenue
- 18 two room suites for Extended Stay Customers
- Seller finance may be available for experienced and qualified buyers
Executive Summary
For Sale: Quality Inn & Suites Jackson North - Prime Hospitality Investment Opportunity in Jackson, Mississippi
Asking Price: $2.9 Million || 78 Keys with 18 Suites Rooms || Interior Corridor || Excellent ROI for Owner Operator
Property Overview: Take advantage of this lucrative investment opportunity with the Quality Inn & Suites Jackson North, an interior corridor, 3-story hotel perfectly positioned along Interstate 55, offering high visibility and easy access to local dining, shopping, and attractions. Originally built as a Fairfield Inn and Suites by Marriott in 1997, this property features 78 well-appointed rooms, including 18 two-room suites ideal for extended stay conversions. With recent significant capital improvements, this property is ready for a savvy investor or owner-operator to capitalize on a high-performing market.
Key Highlights:
Appraised Value: $2.9M in 2022, before major capital improvements; current replacement cost estimated at $7.7M.
Unbeatable Price: Priced at only $37K per key, offering exceptional value for money.
Strong Financials: Estimated 2024 revenue projected at $950,000, with gross revenue increases month-over-month in 2024:
June 2024: $55,930
July 2024: $67,316
August 2024: $74,567
September 2024: $ 84,274
YTD revenue for 2024 up by nearly $100K compared to 2023 with new management.
Owner-Operator Opportunity: Ideal for owner-operators seeking strong ROI and the potential for brand conversion or an extended stay suites model.
Amenities: Guests enjoy a comprehensive range of amenities, including free breakfast, wireless internet, a fitness center, an indoor pool, RFID door locks, suite rooms, and a life safety system for enhanced security.
Prime Location: Located in Jackson, Mississippi, with excellent access and visibility from Interstate 55, ensuring consistent traffic and business from travelers.
Upside Potential:
Brand Conversion: Potential to significantly increase revenue and profitability with a brand conversion, adding tremendous value.
Extended Stay Conversion: The 18 two-room suites offer a perfect opportunity for extended-stay suites conversion, enhancing long-term occupancy and revenue.
Seller Details: The seller is extremely motivated and out-of-state, looking for a quick sale. This property offers an unbeatable opportunity that won't last long. Don't miss out on this chance to acquire a well-established hotel asset with substantial upside potential.
Seller Financing: Available for experienced and qualified buyers. Broker co-op may available. Please text for more detail
Contact us today for more information and to schedule a tour. This exceptional investment opportunity won’t last long!
In Contract NOW and accepting Back Up offers!
Asking Price: $2.9 Million || 78 Keys with 18 Suites Rooms || Interior Corridor || Excellent ROI for Owner Operator
Property Overview: Take advantage of this lucrative investment opportunity with the Quality Inn & Suites Jackson North, an interior corridor, 3-story hotel perfectly positioned along Interstate 55, offering high visibility and easy access to local dining, shopping, and attractions. Originally built as a Fairfield Inn and Suites by Marriott in 1997, this property features 78 well-appointed rooms, including 18 two-room suites ideal for extended stay conversions. With recent significant capital improvements, this property is ready for a savvy investor or owner-operator to capitalize on a high-performing market.
Key Highlights:
Appraised Value: $2.9M in 2022, before major capital improvements; current replacement cost estimated at $7.7M.
Unbeatable Price: Priced at only $37K per key, offering exceptional value for money.
Strong Financials: Estimated 2024 revenue projected at $950,000, with gross revenue increases month-over-month in 2024:
June 2024: $55,930
July 2024: $67,316
August 2024: $74,567
September 2024: $ 84,274
YTD revenue for 2024 up by nearly $100K compared to 2023 with new management.
Owner-Operator Opportunity: Ideal for owner-operators seeking strong ROI and the potential for brand conversion or an extended stay suites model.
Amenities: Guests enjoy a comprehensive range of amenities, including free breakfast, wireless internet, a fitness center, an indoor pool, RFID door locks, suite rooms, and a life safety system for enhanced security.
Prime Location: Located in Jackson, Mississippi, with excellent access and visibility from Interstate 55, ensuring consistent traffic and business from travelers.
Upside Potential:
Brand Conversion: Potential to significantly increase revenue and profitability with a brand conversion, adding tremendous value.
Extended Stay Conversion: The 18 two-room suites offer a perfect opportunity for extended-stay suites conversion, enhancing long-term occupancy and revenue.
Seller Details: The seller is extremely motivated and out-of-state, looking for a quick sale. This property offers an unbeatable opportunity that won't last long. Don't miss out on this chance to acquire a well-established hotel asset with substantial upside potential.
Seller Financing: Available for experienced and qualified buyers. Broker co-op may available. Please text for more detail
Contact us today for more information and to schedule a tour. This exceptional investment opportunity won’t last long!
In Contract NOW and accepting Back Up offers!
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
- Title and Insurance
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Indoor Pool
- Public Access Wifi
- Smoke-Free
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 17 | $70.00 | - |
| Guest Room | 61 | $55.00 | - |
PROPERTY TAXES
| Parcel Number | 0087-0000-002 | Total Assessment | $128,678 (2023) |
| Land Assessment | $73,311 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $55,367 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0087-0000-002
Land Assessment
$73,311 (2023)
Improvements Assessment
$55,367 (2023)
Total Assessment
$128,678 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | Hospitality (Check with City and County) |
| Hospitality (Check with City and County) |
-
Alex Tank -
Rancho Hotels
1 of 32
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Quality Inn & Suites Jackson | 5723 I-55
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.