493 Springridge Rd | Clinton, MS 39056
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- LoopNet Team
493 Springridge Rd
Clinton, MS 39056
Best Western Plus Clinton/Jackson · Hospitality Property For Sale
·
35,306 SF
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 | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1999/2024 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.73 AC | Parking Ratio | 1.84/1,000 SF |
| Building Size | 35,306 SF | Corridor | Interior |
| Zoning | Commerical | ||
| 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
PROPERTY TAXES
| Parcel Number | 2860-0834-762 | Improvements Assessment | $275,250 |
| Land Assessment | $37,800 | Total Assessment | $313,050 |
PROPERTY TAXES
Parcel Number
2860-0834-762
Land Assessment
$37,800
Improvements Assessment
$275,250
Total Assessment
$313,050
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