Listing Agents
Lora Simpson
T | 515.729.4516
lsimpson@paramountlodging.com
Eric Skipworth
312.248.4109
eskipworth@paramountlodging.com
Adam Montufar
T | 515.446.4181
amontufar@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the seven-story concrete Drury Inn & Suites Ridgeland, MS available at a substantial discount to replacement cost
- Offered unencumbered of Drury brand and management with conversion potential to another national hotel flag or alternative use purpose
- Attractive conversion flags exist within the IHG, Choice, Wyndham, and Best Western systems among others
- Situated on ~2.3 acres between I-55, Highway 51, and County Line Road with excellent visibility and access to the ~103,000 vehicles passing daily
- Opportunity to also acquire up to three adjacent land parcels that are ideally positioned for a mixed-use development to attract national retail/restaurant, c-store, office, etc. users
- Minutes from Colony Park; a 95-acre mixed-use development featuring residential and a 500k SF lifestyle center, Prado Vista; a new 77-acre mixed-use development that will feature Topgolf and 100k SF of office, the 50-acre Freedom Ridge Park youth sports complex, and Tougaloo College
- Proximate to all local Ridgeland demand including Nissan North America, University of Mississippi Medical Center, Mississippi Baptist Medical Center, Natchez Trace Parkway, and Barnett Reservoir
- Situated just north of Jackson State University, one of the area’s largest demand generators, where the hotel benefits from fall football games at Mississippi Veterans Memorial Stadium, move-in weekends, spring baseball games, and graduation festivities
- Convenient to Downtown Jackson as well as the State Capitol and Capitol Museum, Trustmark Park, Mississippi Sports Hall of Fame and Museum, The Fondren District, LeFluer’s Bluff State Park, and Jackson Medgar-Evers International Airport
- $150MM+ in additional developments are currently expected from the area including a new 85k SF Catalyst Healthcare medical office building along I-55/Colony Park, and the new $65MM University of Mississippi Medical Center facility located less than four miles from the Subject Property