This Hospitality Property is no longer advertised on LoopNet.com.

493 Springridge Rd
Clinton, MS 39056
 Best Western Plus Clinton/Jackson · Hospitality Property For Sale · 35,306 SF

Hotels Mississippi Clinton 493 Springridge Rd, Clinton, MS 39056

INVESTMENT HIGHLIGHTS

  • Ideal opportunity for an owner/operator to acquire their first Hilton branded asset.
  • In a comparison of year-over-year trends for the year-to-date period through May, the hotel’s rooms revenue increased 8.2% in 2024.
  • An investor can expect a new ten-year license agreement with Hilton.
  • Priced at an attractive RRM of 3.5x per the May 2024 TTM rooms revenues of $1.6 million (rounded).
  • Current ownership spent over $1.35 million to renovate the property over the last three years.
  • The property benefits from its strategic location and accessibility near the intersection of Interstate 20 and Springridge Road.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.73 AC
Building Size 35,306 SF
No. Stories 3
Year Built/Renovated 1999/2024
Tenancy Single
Parking Ratio 1.84/1,000 SF
Corridor Interior
Zoning Commerical

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

LINKS

PROPERTY TAXES

Parcel Number 2860-0834-762 Improvements Assessment $275,250
Land Assessment $37,800 Total Assessment $313,050
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  • Listing ID: 32171671

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 493 Springridge Rd, Clinton, MS 39056

More public record information on 493 Springridge Rd, Clinton, MS 39056

The Hospitality Property at 493 Springridge Rd, Clinton, MS 39056 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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