Two Hilton-branded hotels in the US state of Mississippi, namely the Hampton Inn Meridian and the Hilton Garden Inn Meridian, have been put up for sale by Hilco Real Estate Sales.
Both properties are currently undergoing significant renovations, with completion set for next month.
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This investment offers modernised hospitality assets with the advantage of reduced capital expenditure in the near term.
The Hampton Inn Meridian is a four-storey hotel with 116 rooms, encompassing approximately 78,822ft².
Established in 1987 and situated on 16 acres, this property provides 86 car parking spaces and features a 702ft² event room, an outdoor pool, a fitness centre, and an updated lobby.
The hotel’s amenities, pet-friendly approach, and reputation for cleanliness and comfort have established it as a preferred destination.
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By GlobalDataAdjacent to the Hampton Inn, the Hilton Garden Inn Meridian stands six stories tall and houses 133 guest rooms across approximately 73,299ft².
Built in 2007 on around three acres, it offers 170 parking spaces, an on-site restaurant, an indoor pool, a fitness centre, and meeting facilities.
Hilco Real Estate Sales senior vice-president Keith Worsham said: “These two hotels represent a rare opportunity to acquire renovated, branded assets in a market with both steady business demand and cultural appeal. Meridian’s strategic interstate location and downtown appeal continue to make it an attractive destination for travellers throughout the Southeast.”
Both properties offer pet-friendly policies and are positioned to cater to a mix of business and leisure guests.
The dual offering of these newly renovated hotels presents a compelling proposition for potential investors in the hospitality sector.
Last week, Hilton announced the launch of its latest lifestyle hotel, The Printing House, in Nashville’s South Bank area in Tennessee, US.
