5075 Interstate 55 N
Jackson, MS 39206
Olivetree Hotel and Conference Center · Hospitality Property For Sale · 142,000 SF

Property Tour and Contact Detail Information: Property tours are available by appointment. Please contact the listing broker to schedule a tour of the property. Investment Highlights: $850,000 in Total Recent Capital Improvements. Several Brand Options Available for Brand Conversion Option to Operate as an Independent Brand Hotel with in house Sales and Marketing Team The Hotel has potential to be converted into 2 Hotels with Dual Brands, assisted living/senior care or student housing $2.5+ Million Room Projected Revenue as Independent Brand $3 + Million Room Projected Revenue as Branded and Stabilized Offered Well Below Replacement Cost Solid Block Construction Over 10,000 Sq. Ft of Banquet/Meeting Space consisting of 5 Banquet/Conference Rooms Restaurant Space Investment Overview: Ten-X is pleased to present the 194-Key Olive Tree Hotel and Conference Center in Jackson, MS. The property consists of three buildings totaling approx. 142,000 SF of space situated on a 4.85-acre site. The property features a courtyard pool, 6,300 SF restaurant/bar and over 10,000 SF of banquet/conference space. Built using solid block construction along with $850K in recent re The property features a courtyard pool, 6,300 SF restaurant/bar and over 10,000 SF of banquet/conference space. Built using solid block construction along with $850K in recent renovations, the property is well positioned for re-branding or continued operation as an independent hotel. The property could also be converted to 2 separate hotel brands or repositioned to be assisted living/senior care or student housing. The Hotel is located just off the Major Interstate 55 with close proximity to all Demand Generators that the Capital City of Jackson, Mississippi has to offer. Adjacent to several other area attractions including: Mississippi Sports Hall of Fame LeFleur's Bluff State Park Mississippi Museum of Natural Science Downtown Jackson Jackson State University University Medical Center Tougaloo College Millsaps College Fondern District Old Capitol Museum North Park Mall