Quality Inn & Suites Jackson | 5723 I-55
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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) |
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Quality Inn & Suites Jackson | 5723 I-55
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