493 Springridge Rd, Clinton, MS 39056
71 Room Hotel | Clinton, MS 39056 | $5,700,000 ($80,282/Room)
For Sale
Active
17 pictures
Asking Price $5,700,000
- Property Type
-
Hospitality
- Square Feet
- 35,306 SF
Listing Contacts
James Rebullida
Eric Guerrero
Fadi Rawashdeh
Kyle Peterek
- Property Info
Property Overview
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=146693
Jennifer Stein Real Estate, Inc., as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 71-key Hampton Inn by Hilton Jackson/Clinton, a limited-service hotel asset in Clinton, Mississippi. A more “hands on” investor will have the ability to realize the significant upside of acquiring a recently renovated property with further potential at a price well below replacement cost.
Jennifer Stein Real Estate, Inc., as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 71-key Hampton Inn by Hilton Jackson/Clinton, a limited-service hotel asset in Clinton, Mississippi. A more “hands on” investor will have the ability to realize the significant upside of acquiring a recently renovated property with further potential at a price well below replacement cost.
Property Details
- Class
- B
- Year Built/Renovated
- 1999/2008
- Stories
- 3
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 75,359 SF
- Units
- 71
Highlights
- Ideal opportunity for an owner/operator to acquire their first Hilton branded asset.
- Priced at an attractive RRM of 3.5x per the May 2024 TTM rooms revenues of $1.6 million (rounded).
- 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.
- Current ownership spent over $1.35 million to renovate the property over the last three years.
- An investor can expect a new ten-year license agreement with Hilton.
- The property benefits from its strategic location and accessibility near the intersection of Interstate 20 and Springridge Road.
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