Avison Young is excited to present this compelling opportunity to acquire two Marriott properties - the Courtyard by Marriott and the Residence Inn by Marriott in Hattiesburg, Mississippi. Offered together as a single portfolio transaction, the assets provide investors with immediate scale, brand diversification, and exposure to two of Marriott International’s most successful lodging concepts within a stable and diversified regional market.
The properties are being offered with significant Property Improvement Plan (PIP) requirements, creating a clear value add opportunity for a new owner. Upon completion of the required renovations, an investor will be positioned to materially enhance guest experience by complying to the latest brand standards. This will create an opportunity to drive rates and strengthen long term competitive positioning within the Hattiesburg market, with the industry’s top performing reservation system.
Strategically positioned to capture a broad mix of corporate, government, healthcare, university, and leisure demand, both hotels benefit from strong brand affiliation. The Courtyard serves transient business and leisure travelers seeking contemporary accommodations and full service amenities, while the Residence Inn caters to extended stay guests, project based corporate travelers, and families requiring suite style lodging with kitchens. This complementary demand mix enhances overall occupancy stability and revenue diversification across the portfolio.