Hilton Garden Inn, Jackson

Property Type
Hotel
Investment Type
DST
Brand
Hilton
Date of Investment
Location
Jackson, TN
Keys
98
Units
Square Footage
Loan Type
Loan to Value
Loan to Cost
Total Origination

High-Growth Market

The hotel is in Jackson, Tennessee, 70 miles east of Memphis. It is the second-largest city in West Tennessee and the state's eight-largest city. The hotel's excellent highway visibility, proximity to the I-40 exit, and abundant nearby retail/restaurant offerings position the property to continue capturing transient and corporate demand and insulating performance from new supply additions.

Dynamic Location

Healthcare is Jackson's largest industry, with West Tennessee Healthcare - the largest hospital system between Memphis and Nashville - serving a 17-county area of rural West Tennessee. Jackson is also a key shipping and manufacturing hub, housing major companies like Delta Faucets, Toyota, Kellogg's and Pinnacle Foods Group. Major companies continue to develop manufacturing facilities in the Jackson area, including Georgia-Pacific, opening in 2024, and Ford Motor Company, with its Blue Oval City mega campus slated to start operations in 2025.

Value-Add Opportunity

The quality of the hotel will be enhanced through renovations that include upgrades to the lobby area, corridors and guestrooms, which will bolster performance.