- Well positioned with excellent visibility off Interstate 40 and located near scholastic institutions, and industrial manufactures such as Union University, Kellogg, and Toyota
- Offered at a significant discount to replacement cost and provides a value-add opportunity for any owner-operator
- Absentee out-of-state Owner
- The hotel is offered fee simple, unencumbered by a management contract or debt
Marcus & Millichap's National Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Days Inn by Wyndham Jackson. The Wyndham Hotels and Resorts-branded hotel is offered at $1,850,000 or $15,417 per key.
The property sits on 2.20 acres in the “Hub City” that is the relative midpoint of West Tennessee between Memphis and Nashville which is known as the home of Rockability Music. In addition, the hotel is near Interstate 40 and the 45 Highway Bypass at 1919 US-45 BYP which provides a thoroughfare to the region's venues, scholastic institutions, and industrial manufactures.
This two-story, 120-room hotel presents the opportunity to acquire a value-add asset near several room demand generators. Various industries and nearby universities provide a steady demand for rooms in the immediate area. The top industries that populate the region are Kellogg’s local plant, producing crackers and potato chips, Delta Faucet, manufactures commercial and residential faucets, and Toyota Bodine Aluminum, one of the largest aluminum casting manufacturers in the world and produces engine block.
The hotel also benefits from the room demand of nearby universities which include Union University, Jackson State, and Lane College. Together, these institutions hosts year-round scholastic events and programs. They award multiple degrees and offer several clubs/organizations to students and alumni.
The seller is currently operating the property out-of-state, absentee. The expenses include provisions for a 4 percent capital replacement. The hotel is offered fee simple, unencumbered by a management contract or debt.
The Days Inn by Wyndham Jackson is a 120-room hotel with two-stories. The Wyndham Hotels & Resorts economy-branded hotel features a flat-screen television in each guest room. The hotel is equipped with bus, truck, and RV parking as well as an outdoor pool in the common areas.
Jackson, Tennessee is located in the western part of the states and 83 miles northeast from Memphis and 130 miles southwest from Nashville. The Days Inn by Wyndham Jackson is stationed on the 45 Bypass and nearby the Interstate 40 roadway. There are three scholastic institutions within a 15-mile radius of the hotel which included Lane College, Jackson State Community College, and Union University. The schools provided multiple undergraduate and graduate programs and awards several degrees throughout the years. Each of these institutions hosts multiple events and programs year-round and generate room demand to the hotel. In addition to the education sector, other the region is known for their sports complexes, national and state parks, history and civil war museums, and the arts and music heritage. In 2019, the Lightning Source announced a $22 million investment that will create approximately 150 jobs in the county. The company on-demand print and distribution for books to the publishing industry. Travelers have access to the McKellar-Sipes Regional Airport that is located four miles west of the central business district of Jackson.
Broker of Record
License: TN 307629