Listed by HREC Investment Advisors, Hospitality Real Estate Counselors
Unpriced
Candlewood Suites Flowood
Details
Property Type Hospitality
Sub Type Hotel
Units 113
Year Built 2009
Stories 4
Acreage 2.350
Investment Type Stabilized
Ownership Fee Simple
Hospitality | 113 Keys
Marketing description
HREC Investment Advisors ("HREC IA") is pleased to offer, to qualified investors, the opportunity to acquire the fee simple interest in 113-key Candlewood Suites Flowood ("Hotel" or "Property"), situated at 3810 Flowood Drive, Flowood, MS 39232.
Investment highlights
- Comprehensive PIP Completed December 2025 - The current ownership completed a full property improvement plan in December 2025, investing over $23,000 per key into the asset. With the latest Candlewood Suites brand package now in place, a new owner is well-positioned to continue pushing ADR growth on the back of a freshly renovated, highly competitive product.
- Rapidly Increasing RevPAR - Having recently completed a major renovation, the Hotel is experiencing strong upward momentum in its revenue performance. Through the March 2026 TTM period, RevPAR has grown 38.6% year-over-year, and for the first quarter of 2026, the Hotel surpassed 100% RevPAR penetration — a clear signal that the asset is capturing an expanding share of demand within the submarket.
- Limited Direct Competition - The immediate market features minimal nationally branded limited-service competition, particularly in the economy segment. This allows the Property to maintain a defensible occupancy position and provides an advantage to drive rate growth through targeted marketing and service enhancements.
- Significant NOI Flowthrough - The Hotel's financial performance reflects the operational efficiency of a well-run extended-stay asset, with NOI flowthrough exceeding 37%. This robust bottom-line flowthrough offers an incoming investor the opportunity to acquire a cash-flowing property with limited need for operational repositioning, particularly given the recently completed renovation.
- Absentee Ownership and Third-Party Management - The Candlewood Suites is currently owned by an out-of-state investor and operated by a third-party management company. This presents a compelling value-add opportunity for an engaged owner-operator to step in, apply a more hands-on management approach, and unlock meaningful upside in both revenue performance and bottom-line NOI.
- Strong Location in One of Jackson's Premier Suburbs - Flowood benefits from one of Mississippi's most diverse lodging demand bases, anchored by major employers including state government operations, Merit Health, Trustmark Bank, Ergon, Sanderson Farms, NUCOR, and Jackson State University. The nearby Jackson-Medgar Wiley Evers International Airport drives consistent transient and extended-stay demand, while Liberty Park — one of the Southeast's premier youth sports complexes — generates year-round leisure visitation, positioning Flowood as one of Mississippi's most stable and well-rounded lodging markets.
- Premier IHG Extended-Stay Brand - Candlewood Suites is among the most sought-after extended-stay flags in today's investment market, valued for its lower operating expense structure and the predictability of extended-stay occupancy. Backed by IHG One Rewards — one of the hospitality industry's largest loyalty programs with over 160 million members globally — the Hotel carries a powerful brand affiliation that supports continued long-term performance.
- Offered Well Below-Replacement Cost
- Offered Unencumbered by Management
Listing Contacts
Listed by HREC Investment Advisors, Hospitality Real Estate Counselors
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