INVESTMENT HIGHLIGHTS
- Upscale Extended-Stay IHG Brand: 97-room Staybridge Suites operating under the globally recognized IHG platform.
- Newly Constructed Asset: Built in 2021 with modern design and minimal near-term capital requirements.
- Comprehensive Extended-Stay Amenities: Heated indoor pool, guest laundry, outdoor patio with firepit and BBQ area.
- Strong Healthcare Demand Corridor: Located minutes from River Oaks Hospital, Baptist Medical Center, Merit Health facilities, and multiple specialty clinics, the hotel captures strong healthcare-driven including traveling nurses, physicians, patient families, and medical representatives.
- Strategic Flowood Location: Positioned along Lakeland Drive within one of Jackson’s strongest commercial corridors.
- Diversified Demand Generators: Supported by healthcare, corporate, education, entertainment, and airport-related travel.
- Entertainment and Event Demand: Close to Mississippi State Fairgrounds, Jackson Convention Complex, and DEFY Jackson.
- Youth Sports & Tournament Travel: Regional baseball, softball, soccer, basketball, and volleyball tournaments drive substantial weekend and seasonal room demand from teams and families throughout the Southeast.
- Academic and Corporate Demand: Demand generated from Jackson State University, Belhaven University, University of Mississippi Medical Center affiliates, and other regional educational institutions through graduations, recruiting, athletics, and academic events.
- Strong Regional Accessibility: Convenient access to Jackson-Medgar Wiley Evers International Airport and major transportation corridors.
FINANCIAL HIGHLIGHTS
- Climbing Submarket RevPAR: As of December, the 12-month average RevPAR in the Jackson CBD/South Submarket increased by over 9.1 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market.
- Heightened Room Revenue: Between year-end 2024 and the twelve months ending in December 2025, the hotel experienced a notable 5.04 percent increase in room revenue. This trend presents several advantages for potential buyers, including additional capital for renovations and enhanced cash flow.
- Elevated RevPAR Penetration: The hotel boasts a strong RevPAR penetration index of 101 percent for the twelve months ending in February 2025, signaling robust competitive performance and attractive long-term value for potential buyers.
- Heightened Net Operating Income: Between year-end 2024 and the twelve months ending in December 2025, the hotel saw a notable increase of over 9.5 percent in net operating income (NOI). This trend presents several advantages for potential buyers, including additional capital for renovations and enhanced cash flow.
- Fee Simple Acquisition: The hotel provides full ownership and operational control, enabling independent financing and management. This structure typically supports long-term property appreciation, making it a compelling investment opportunity.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Staybridge Suites Flowood – NW Jackson (‘Hotel’ or ‘Property’) located at 2620 Lakeland Drive in Flowood, Mississippi. The upscale, extended-stay IHG-branded Hotel is offered on a “Request for Offers” basis. Please reach out to the listing agent for more information.
Situated on approximately 1.57 acres, the Property features 97 guest rooms across six stories totaling approximately 56,982 square feet. Originally constructed in 2021, the Hotel offers a modern extended-stay product designed to accommodate both short-term and long-term guests. Amenities include a heated indoor pool, fitness center, guest laundry rooms, business center, snack pantry, complimentary breakfast, 96 parking spaces, and an outdoor guest patio area with firepit and BBQ grills. The Property also benefits from the globally recognized IHG Hotels & Resorts platform and Staybridge Suites extended-stay brand affiliation.
Positioned less than six miles from Jackson-Medgar Wiley Evans International Airport, the Property benefits from a highly strategic location along Lakeland Drive within the Flowood/Jackson medical and commercial corridor. Major nearby healthcare demand generators include Merit Health River Oaks, Merit Health Woman’s Hospital, Children’s of Mississippi, St. Dominic Hospital, and the University of Mississippi Medical Center; creating significant lodging demand from traveling medical professionals, patients, and visiting families. Additional corporate and institutional demand is generated by nearby employers such as Sanderson Farms, Inc. Leisure and entertainment demand is supported by attractions including DEFY Jackson, Mississippi State Fairgrounds, Mississippi Museum of Natural Science, Mississippi Museum of Art, Mississippi Veterans Memorial Stadium, and the Jackson Convention Complex. The Hotel also benefits from proximity to Belhaven University and Jackson State University, supporting a diversified mix of academic, transient, and group-related travel demand.
Flowood is one of the fastest-growing suburban communities within the Jackson Metropolitan Statistical Area, recognized for its strong healthcare concentration, retail growth, and expanding commercial development. The area benefits from excellent connectivity, affluent demographics, and proximity to downtown Jackson while maintaining a business-friendly environment. Home to approximately 149,636 residents, Jackson is the state capital and most populous city in Mississippi; also serving as the political, cultural, and economic center of the state. Strategically located along Interstate 55 between Memphis and New Orleans and Interstate 20 between Dallas and Atlanta, Jackson benefits from exceptional regional connectivity throughout the Deep South. The broader Jackson metropolitan area, with nearly 592,000 residents, represents the largest metro area entirely within Mississippi and serves as a critical hub for government, healthcare, education, logistics, and professional services. As the state capital, Jackson’s economy is stabilized by a substantial public-sector employment base alongside major private employers in healthcare and financial services. The metropolitan area generated approximately $30 billion in GDP in 2020, accounting for nearly 29 percent of Mississippi’s total economic output and reinforcing Jackson’s importance as the state’s primary economic engine. With its strategic transportation network, diversified economic base, and role as Mississippi’s primary metropolitan center, Jackson represents a stable and regionally significant market supported by long-term economic and institutional demand drivers.
BROKER OF RECORD
William M. "Mickey" Davis
Mississippi
P: (901) 620-3626
E: Mickey.Davis@MarcusMillichap.com
Lic #: B-15586
