Extended Stay America East Beasley Road Jackson, MS

UNDER CONTRACT

• Fee-simple interest in the corporate owned and managed 94-room Extended Stay America (ESA) East Beasley Road Jackson MS
• Available for individual sale, part of a South / Southeast ‘Sun-Belt’ 17-property portfolio available in the auction events ending on March 15th-16th
• Ability to purchase any combination of the 17-assets, affording buyers the opportunity to capitalize on strong regional operating economies of scale.
• Strong residual upside with trailing-12-month year-over-year ADR gains of +10%
• Offered unencumbered of brand, debt, and management – with a variety of alternative brand options available for conversion
• Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval
• Proximate to all local Jackson demand including the University of Mississippi Medical Center, Mississippi Baptist Medical Center, Natchez Trace Parkway, and Barnett Reservoir
• Situated just north of Jackson State University and just minutes from Downtown Jackson as well as the State Capitol, Trustmark Park, Mississippi Sports Hall of Fame, and Jackson Medgar-Evers International Airport
• Property is readily accessible via Interstate 55 & East Beasley Road interchange with upwards of 100,000 vehicles passing the location daily
• Rare opportunity to purchase corporate owned ESA assets amidst their first public marketing of properties since the +$6B portfolio acquisition in June 2021
• Extended stay economy product is widely revered as recession proof and remains a favorite investment sector amidst private and public investors
• Extended stay economy product has also vastly outperformed all other lodging sectors in recent years, with particularly robust growth amidst the COVID recovery
• High margin business model is ideally well positioned for any forward economic contraction given limited labor requirements with no sales department or food and beverage offering
• Optimal time to invest in Jackson with more than $125MM in developments planned for the region, including a new $65MM University of Mississippi Medical Center facility located less than five miles from the subject property