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- LoopNet Team
6485 I-55 N
Ridgeland, MS 39157
Wingate by Wyndham Ridgeland · Hospitality Property For Sale
·
74,220 SF
INVESTMENT HIGHLIGHTS
- Re-Flagging Opportunity / Holiday Inn Express Flag Terminates January 2021
- Consistent Market with Steady RevPar Over Past 3 Years
- Well Maintained Property in High Traffic Area in the Jackson, MS MSA
- Surrounded by Restaurants and Retail - Target, Logan's Steak House, Chick-Fil-A
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2022 |
| Building Class | C | Parking Ratio | 1.09/1,000 SF |
| Lot Size | 1.91 AC | Corridor | Interior |
| Building Size | 74,220 SF | ||
| Zoning | CG - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.91 AC |
| Building Size | 74,220 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1997/2022 |
| Parking Ratio | 1.09/1,000 SF |
| Corridor | Interior |
| Zoning | CG - Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 6485 I-55 N , RIDGELAND, MS 39157
The Holiday Inn Express & Suites Ridgeland - Jackson North Area is a well-located hotel producing strong gross revenue for the past years. The hotel will lose its Holiday Inn Express flag on the sale giving the buyer the ability to reflag the hotel. The hotel was constructed in 1997 and is 111 interior corridor rooms. The hotel sits on 1.91 acres giving the property ample parking room. The hotel amenities include an outdoor pool, 600 SF meeting space, a business center, and a fitness center. There will be a renovation needed when purchased but due to the property being well maintained the majority of the renovations will be cosmetic. Jackson, MS is the capital city of Mississippi and is the largest MSA in the state. The 2018 census estimates stated the Jackson MSA population is approximately 580,166. Leisure travelers frequent Jackson for its many museums, the statehouse, and area colleges. Many business travelers come to the area for meetings with state government agencies. The Holiday Inn Express Ridgeland is conveniently located along I-55 for easy access to downtown Jackson (10 miles away), Jackson-Medgar Wiley Evers International Airport (13 Miles Away), and shopping/entertainment at Renaissance at Colony Park (3 Miles Away).
PROPERTY TAXES
| Parcel Number | 071G-36D-006-00-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $601,241 |
PROPERTY TAXES
