RevereCRE
Sign In

La Quinta Inn & Suites Columbus

1200 Hwy 45 N, Columbus, MS 39701, United States

La Quinta Inn & Suites Columbus

HREC Investment Advisors is pleased to present the opportunity to acquire the 103-guestroom La Quinta Inn & Suites by Wyndham Columbus MS (sometimes referred to as “Hotel” or “Property”) located at 1200 Highway 45 North, Columbus, MS 39705.

Access Data Room
# Keys
103
Property Type
Hotel & Hospitality
Deal Type
Acquisition
Risk Profile
CoreCore Plus

Completely renovated in 2019, the La Quinta Inn & Suites is in Columbus, MS, the county seat of Lowndes County, on the Eastern Border of Mississippi. Columbus is the principal city of the Columbus Micropolitan Statistical Area and it is also within the area of Mississippi referred to as the Golden Triangle, consisting of Columbus, West Point, and Starkville in the counties of Lowndes, Clay, and Oktibbeha. The three counties are home to a population of over 128,000 residents and 500,000 additional workers are within 60 miles of the region. The Property is also proximate to several other regional demand generators such as Mississippi University for Women, the Golden Triangle Regional Airport and downtown Columbus.

 

The area’s economic development potential is anchored by the presence of Mississippi State University (22,600 students), Columbus Air Force Base ($314.8M economic impact in FY18), and associated spin-off industries in research, high-tech manufacturing, aerospace, transportation, and education. The Golden Triangle Region has attracted $5.9 billion in capital investment since 2008. Additionally, 2023 capital investments include a $2.5 Billion aluminum mill by Steel Dynamics which is regarded by the Governor as the largest economic development project in Mississippi history and will generate over 1,000 jobs and Altex Tub LLC’s $110M expansion into Columbus.

The Property is also conveniently located less than two miles south of Baptist Memorial Hospital of Golden Triangle, a 315-bed acute care facility with over 100 physicians and surgeons representing nearly every medical specialty. The Hospital is one of the area’s largest employers and economic contributors, with a total of almost $1 Billion in patient revenues in 2021.