801 Ridgewood Rd, Ridgeland, MS 39157

STAYRBIDGE SUITES RIDGELAND MS

Address 801 Ridgewood Road Ridgeland, Mississippi 39157

Year Built/ Renovated 2005/2023

Interest Fee Simple Stories 3

Rooms 92

Building Area +/- 56,511 SF

Lot Size +/- 2.39 Acres

Zoning District and Description C-2. General Commercial

Amenities Breakfast Area, Business Center, Fitness Center, Laundry Facilities, Meeting Space, Outdoor Pool

2005-Construction, Purpose-Built Staybridge Suites

From 2022-2023, The Property Underwent Extensive $3.7 Million Renovations, Leaving Minimal Property Improvement Plan (PIP) Costs Expected For A Buyer

11 Years Remaining On The Flag, With Potential For Buyer To Obtain New 15-Year Relicense Depending On Relationship With IHG

Opportunity To Increase RevPAR To Competitive Set Standards And Exceed Performance Of Competition Through Strong HandsOn Management And Increased Marketing

Staybridge Suites By IHG Is A Highly Desirable Flag By Investors And Consumers Alike

Hotel Being Offered At A Significant Discount To Replacement Cost

Located Within Close Proximity To A Wide Variety Of Main Thoroughfares And Major Expressways (Interstate-55, East County Line Road, And Us Highway 51, Among Others), Providing Ease Of Access And Displaying Excellent Signage To Commuters

The Section Of East County Line Road Closest To The Property Has An Average Annual Daily Traffic (AADT) Count Of Approximately 36,800 Vehicles Per Day