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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!

Attachments

1.0 Final OM SEP 2024
STR 3: Dec 2020
STR 4: Dec 2021
STR 7C:May 2024
STR 5: Dec 2022
STR 6: Dec 2023
STR July 7E: 2024
STR 7A:Mar 2024
STR 7F: August 2024
STR 7D: June 2024
STR 7B:Apr 2024
STR 1: Dec 2017
STR 2: Dec 2018
Hotel Statistics June 2024 $55,930
Hotel Statistics July 2024 $67,316
Hotesl Statistics August 2024 Gross $74,567

Data Room Click Here to Access

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

Price $2,900,000
Price Per Room $37,179
Sale Type Investment
Cap Rate 10.17%
Sale Conditions Building in Shell Condition
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 1.63 AC
Building Size 33,674 SF
No. Rooms 78
No. Stories 3
Year Built/Renovated 1997/2011
Parking Ratio 2.23/1,000 SF
Corridor Interior

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

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)
  • Listing ID: 33350782

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 5723 I-55, Jackson, MS 39206

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