Ridgeway Investment Management Acquires Residence Inn by Marriott Jackson for $13.1M From Wealth Hospitality Group

Hilco Real Estate | March 31, 2022

NORTHBROOK, IL - March 31, 2022 - Hilco Real Estate, LLC announces the successful sale of this 101,117 SF Residence Inn by Marriott Jackson on behalf of Wealth Hospitality Group. Sitting on three acres, this four-story, 92-room hotel sold to Ridgeway Investment Management, a 1031 buyer for $13,100,000, totaling $142,391 per key room. This listing was marketed to a small group of select buyers who wanted to move quickly on this well-kept hotel, which features two elevators, a meeting room, business center, fitness center, indoor pool, sports court, and an outdoor picnic area with barbeques for grilling. The Residence Inn – Jackso...