Hodges Ward Elliott is pleased to exclusively offer for sale the fee-simple interest in the 2000-vintage, 102-suite SpringHill Suites Jacksonville located at 4385 Southside Boulevard, Jacksonville, FL (the "Hotel" or "Property"). Jacksonville has remained a favorite year-round destination for travelers and business travelers alike, driven by its leisure amenities, cultural attractions, and continued corporate relocations.
Ideally located in Jacksonville's Deerwood Park / Southside Boulevard corridor just off I-95, the Property is surrounded by leading corporate, healthcare, and retail demand generators. The Hotel offers convenient access to the 1.4-million-square-foot St. Johns Town Center and to Downtown Jacksonville, home to the NFL's Jacksonville Jaguars and EverBank Stadium, as well as the scenic Riverwalk, diverse dining options, and entertainment venues.
Guests additionally benefit from proximity to Jacksonville's beaches and expansive park system, further enhancing the city's appeal as a top leisure market. Backed by Jacksonville's sustained population growth, a top-ranked job market, and billions in citywide development, the all-suite, extended-stay Hotel is well positioned to capture both corporate and leisure demand within one of Florida's most resilient lodging submarkets. Finally, in 2021, ownership completed capital intensive and disruptive renovations to the bathrooms including tub to shower conversions and a complete reimagining of the exterior facade, allowing new ownership to focus on high ROI improvements to the guest-facing areas which will drive top-line growth. The Property is offered unencumbered by debt and management.
A convergence of location, brand, and market timing defines this offering.
The SpringHill Suites Jacksonville is situated within the Deerwood Park / Southside Boulevard submarket, one of Jacksonville's most established and desirable business corridors, centrally positioned between Downtown Jacksonville and the beaches, with direct highway access to I-95 and JTB (Highway 202). The Hotel sits alongside major corporate employers and financial institutions including ADP, ICE Mortgage Technology, Florida Blue, Bank of America, and Johnson & Johnson, all located within three miles of the Property.
The Hotel is located just a 10-minute drive from the 1.4-million-square-foot St. Johns Town Center, Jacksonville's premier open-air retail destination featuring more than 175 shops and restaurants. Additionally, the Hotel is within a 20-minute drive of Jacksonville's 22 miles of white-sand beaches, the longest continuous stretch of beaches in the continental United States, and more than 80,000 acres of parks, providing guests with exceptional access to the region's leading shopping, dining, and outdoor recreation amenities.
The Property is surrounded by leading healthcare institutions that drive consistent medical-related demand, including Mayo Clinic Jacksonville (approximately 9 miles away), one of only three Mayo Clinic campuses in the U.S., HCA Florida Memorial Hospital (approximately 4 miles away), and Ascension St. Vincent's Southside Hospital (approximately 3 miles away), as well as Jacksonville University and the University of North Florida, which together serve more than 25,000 students.
Jacksonville is undergoing a dynamic transformation, solidifying its position as one of the fastest-growing metropolitan areas in the Southeast. With a metro population surpassing 1.7 million, reflecting nearly 10% growth since 2020, Jacksonville is Florida's largest city by both land area and population, continuing to attract new residents drawn by its livability, affordability, and expanding economic opportunities.
Jacksonville's job market continues to outperform, ranked the No. 2 hottest job market in the U.S. by The Wall Street Journal. From 2022 to 2023, the city led the nation in corporate relocation with 67% net growth. Major corporate headquarters located in Jacksonville include FIS, CSX, and Southeastern Grocers, alongside regional operations for Deutsche Bank, Florida Blue, Merrill Lynch, and Crowley Maritime.
The non-union, fee-simple interest in the SpringHill Suites is being offered free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel. The Property's bathrooms have been renovated, including converting tubs to showers, alongside a completed exterior modernization in 2021. The unencumbered management structure also presents an opportunity for new ownership to implement a new management platform to drive incremental operating efficiency and profitability.
The Property benefits from its affiliation with SpringHill Suites by Marriott, a top-performing all-suite brand within the Marriott Bonvoy system. Marriott Bonvoy is the world's largest hotel loyalty program, with nearly 271 million members. SpringHill Suites itself has grown to more than 500 all-suite hotels across the U.S. and Canada. This affiliation provides the Hotel with access to Marriott's centralized reservation, marketing, and rewards infrastructure.
Nearly 271M active Bonvoy members drive direct bookings and repeat stays through one of the world's largest travel loyalty programs, reducing OTA dependency.
SpringHill Suites has grown to more than 500 all-suite hotels across the U.S. and Canada, commanding rate premiums appropriate to the extended-stay segment.
Marriott's proprietary booking platform and extensive GDS partnerships deliver unmatched channel reach across corporate, group, and leisure segments.
Ownership benefits from Marriott's centralized procurement, revenue management, training infrastructure, and brand-standard enforcement.
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