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Tag Archives: lodging

Ridgeland Cabot Lodge bought for $3.7 million

By MBJ STAFF The 200-room Cabot Lodge Jackson North, located in Ridgeland, has been sold by MMI Hotel Group to a group of investors for $3.7 million, according to Marcus and Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada. The investors, including Heritage Hospitality of Ridgeland and Fusion Hospitality of Tupelo, have ...

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Cotton House names GM, is taking reservations

By JACK WEATHERLY jack.weatherly@msbusiness.com The Cotton House hotel has hired James McAfee as its first general manager for the upscale lodge to open soon in downtown Cleveland. McAfee comes to Mississippi from Mongomery, Ala., where he was director of services at the 345-guestroom Renaissance Hotel and Spa, a Marriott property. “After working in Montgomery . . . at the Renaissance ...

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Getting even in the metro: Commercial real estate supply & demand reaching equilibrium

By TED CARTER Metro Jackson’s commercial real estate market is headed toward a balance lost nearly a decade ago in the aftermath of Katrina and the Great Recession that followed a couple years later. The apparent return of market balance to the metro office, industrial, retail and lodging sectors is among the findings in the 2015 Midyear Viewpoint prepared by Integra ...

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Hub City wants lawmakers to extend lodging tax

HATTIESBURG — Travelers stopping for the night in the city of Hattiesburg could continue to pay a 2 percent lodging fee until June 2018 if legislators act on city officials’ request. The Hattiesburg American reports the city council unanimously adopted a resolution, requesting that the Legislature amend the legislation that created the Hattiesburg Tourism Commission and extend the special tax. ...

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Hard Rock Casino sells to Rhode Island company for $250M

BILOXI — A company from Rhode Island is buying the Hard Rock Hotel & Casino Biloxi for about $250 million. Twin River Worldwide Holdings of Lincoln, R.I., made the announcement yesterday. The sale is expected to be complete in June. The casino is currently owned by Premier Entertainment Biloxi LLC, a subsidiary of Leucadia National Corporation. The casino property boasts ...

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JRA starts again to find developer for convention complex hotel

JACKSON — The Jackson Redevelopment Authority will start anew in finding a developer to build a long-delayed hotel across from the Jackson Convention Complex. JRA interim executive director Willie Mott tells The Clarion-Ledger the agency hopes to issue a formal request for proposals early next year after agency officials said a deal announced in June for Savannah, Ga.-based Robinson Callen ...

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Casino signs lease with port for hotel tower renovation

GULFPORT — Island View Casino owners are ready to refurbish the hotel tower south of U.S. 90 after signing a 50-year lease with the Mississippi state Port Authority. Casino owner Rick Carter tells The Sun Herald the agreement begins with a 10-year lease and has multiple extensions. Carter said 35 years remained on the lease assumed when he and his ...

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Local firm breaks ground for new hotel in Delta

CLARKSDALE — Landstar Construction, LLC, has broken ground for the construction of a new Hampton Inn by Hilton in Clarksdale for Chawla & Chawla, Inc. The 63-room hotel is scheduled to open in April 2014, according to Flowood-based Landstar. The cost of the project was undisclosed. Landstar is a general purpose construction firm serving the Southeast but specializing in hotels ...

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Voters approve new lodging tax in Horn Lake; turn out low

HORN LAKE — Horn Lake voters handily approved a $2-per-night tax on hotel and motel stays, providing a financial boost that city officials will use to promote economic development. According to complete but unofficial totals, the proposed tax got 415 favorable votes, or 91.4 percent, compared to 39 votes, or 8.6 percent, against it. As expected, turnout was low yesterday, ...

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Officials hopeful voters will vote in new lodging tax

HORN LAKE — Horn Lake officials are hoping voters will turn out in significant numbers tomorrow to approve a hotel-motel tax designed to generate revenue to promote the city. The proposal calls for a $2-per-night tax on all hotel and motel stays within the city limits, potentially generating thousands of dollars a year that would go into the city’s tourism ...

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