What's Happening?
Hilco Real Estate Sales has announced the sale of two Hilton-affiliated hotels in Meridian, Mississippi. The properties, Hampton Inn Meridian and Hilton Garden Inn Meridian, are available for purchase individually or as a package. Both hotels are undergoing renovations, with completion anticipated by October 2025, aimed at modernizing the facilities and reducing future capital expenditure needs. The Hampton Inn Meridian, located at 103 U.S. 11, is a four-story building with 116 rooms, while the Hilton Garden Inn Meridian, located at 109 U.S. 11, is a six-story hotel with 133 guestrooms. Both hotels are strategically located off Interstate 20/Interstate 59, enhancing accessibility for travelers. The sale process is being conducted in cooperation with Paul A. Lynn & Associates, LLC, a Mississippi-based broker.
Why It's Important?
The sale and renovation of these hotels are significant for the local economy in Meridian, Mississippi, a city known for its cultural and historical significance. The modernization efforts are expected to attract more business and leisure travelers, potentially boosting local tourism and hospitality sectors. The strategic location of these hotels near major highways and the Northeast Conference Center makes them attractive to business travelers, which could lead to increased economic activity in the area. Additionally, the renovations aim to provide modern, pet-friendly accommodations, aligning with current hospitality trends and consumer preferences.
What's Next?
Interested parties can review the terms of sale and schedule on-site inspections by appointment through Hilco Real Estate Sales' website. The completion of renovations by October 2025 will likely increase the properties' market value and appeal. The local community and potential investors will be watching closely to see how these developments impact the local economy and hospitality industry.
