Introduction to the Investment Opportunity
Hilco Real Estate Sales is excited to announce the availability of two Hilton brand hotels in the market. Investors now have a unique opportunity to acquire the Hampton Inn Meridian and the Hilton Garden Inn Meridian, two properties that are known for their solid reputation and ongoing renovations.
Hotel Features and Details
The Hampton Inn Meridian features 116 rooms within four stories, totaling around 78,822 square feet. Originally constructed in 1987, the hotel is situated on approximately 16 acres and offers ample parking with 86 spaces. Guests appreciate the assortment of amenities provided, including a 702-square-foot event room, outdoor pool, fitness center, and recently updated lobby. With its welcoming environment and exceptional service, it's no surprise the Hampton Inn has become a top pick for many travelers.
Hilton Garden Inn Meridian Overview
Just a stone's throw away is the Hilton Garden Inn Meridian, which spans six stories and includes 133 guest rooms. Covering about 73,299 square feet, this hotel was built in 2007 and features a generous 170 parking spaces. This property offers a comprehensive guest experience with conveniences like an on-site restaurant, indoor pool, fitness area, and meeting spaces. Its proximity to the Northeast Conference Center makes it an ideal spot for business travelers, while the updated amenities make it a great option for those looking to mix business with leisure.
The Surrounding Area and Appeal
Meridian is known for its rich cultural scene, which draws numerous visitors. The Jimmie Rodgers Museum, the Mississippi Arts + Entertainment Experience (known as The MAX), and the historic MSU Riley Center are highlights that attract tourists year-round. With its heritage and vibrant atmosphere, the area serves as a bustling hub for various sectors including healthcare, education, and military activity. Key institutions like Rush Health Systems and Naval Air Station Meridian contribute to consistent travel and tourism, enhancing the appeal for investors.
Investment Potential and Growth
These two properties not only represent a sound investment due to their current renovations but also signify the potential for future growth. Keith Worsham, senior vice president of Hilco Real Estate Sales, emphasized this unique chance for investors. The strategic location of these hotels, combined with the economic development of Meridian, ensures a steady demand for hospitality services in the region.
Sales Process and Participation
The sale of the Hampton Inn Meridian and Hilton Garden Inn Meridian is subject to specific Terms of Sale, which interested parties should review carefully. On-site inspections are available by appointment. The sales efforts are in collaboration with Paul A. Lynn & Associates, LLC, a licensed broker in Mississippi.
Qualified bidders are encouraged to familiarize themselves with the terms of sale as outlined on the Hilco Real Estate website. For more information about the sale process, you can reach out to Keith Worsham at (404) 514-0242 or Weston Worsham at (404) 304-4993.
About Hilco Global
Hilco Global stands as a diversified financial services firm, offering integrated solutions that help businesses maximize value across various sectors such as retail, industrial, and real estate. With a team of over 810 professionals worldwide, Hilco Global is renowned for its expertise in guiding companies through both robust and challenging economic times. By delivering strategic advice and accessible capital, Hilco works towards achieving the best outcomes for its clients.
Frequently Asked Questions
What types of hotels are for sale?
The properties available are the Hampton Inn Meridian and the Hilton Garden Inn Meridian, both affiliated with Hilton.
Where are these hotels located?
These hotels are situated in Meridian, known for its vibrant cultural scene and business activity.
What amenities do the hotels offer?
Both hotels feature modern facilities including pools, fitness centers, and dining options, enhancing guest experiences.
How can interested bidders participate in the sale?
Bidders should review the Terms of Sale available on Hilco's website and can arrange for on-site inspections by appointment.
What support does Hilco Global provide?
Hilco Global offers diverse financial services aimed at maximizing value for businesses across various industries.
