538 Bonita Lakes Dr - Meridian Living Senior Care-Hotel Conversion

Hotel Conversion Opportunity
Several Upper Midscale Available for Upper Conversion with Key Money Incentives
Largest and only approved Medicaid Senior Care Assisted Living Facility in Lauderdale County with approved up to 70 Residents
Several Franchise options are available for converting the asset back to a hotel
It has been awarded twice a "Best of Senior Care" title by one of the leading third-party senior-care services (aplaceformom.com)
Meridian Living is a Full Service Assisted Living Senior Care Facility with an option for Hotel Investors to convert back into a 62-Room Upper Midscale Hotel very easily and conveniently. The building was originally constructed as Hotel and opened as Country Inn and Suites by Radisson in 2008. Converted into Senior Care Assisted Living Facility opened in 2019 after full renovation with newly constructed Commercial Kitchen and Community Room Common Areas. It is the only approved and largest Medicaid Waiver Facility in the whole Meridian Lauderdale County with up to 70 Residents. Meridian Living - MS stands out due to its strategic location and the growing demand for senior living in the area. Fully Renovated Building and excellent turnkey conditions. Major employers in the area include the City of Meridian, Meridian Public School District, East Mississippi State Hospital, and various healthcare and retail establishments.
Tourism and Hospitality: The tourism industry is a growing business source, with high hotel occupancy rates and a projected surge in the hotel franchise market. This sector is expected to generate significant revenue and create new opportunities for investment. This facility provides hotel investors with an opportunity to convert into an upper-midscale hotel facility.

Meridian Living - MS offers a setting with easy convenient access from Interstate I-20 situated near the scenic Bonita Lakes. The property is also conveniently close to Bonita Lakes Mall (0.1 miles), providing residents with a variety of shopping and dining options. Healthcare facilities such as Anderson Regional Medical Center (3 miles) and Rush Foundation Hospital (2.2 miles) are just a short distance away, ensuring quick access to medical care. The community is well-connected, with nearby highways I-20/I-59 facilitating easy travel for visitors and residents. Additionally, Downtown Meridian is only 2.7 miles. The area is served by two military facilities, Naval Air Station Meridian and Key Field, which employ over 5,000 people. NAS Meridian is home to the Regional Counter-Drug Training Academy (RCTA) and the first local Department of Homeland Security in the state.
The close proximity to major healthcare facilities and its strategic location offers a variety of retail and recreational amenities, which makes it an attractive option for potential residents, ensuring strong occupancy rates. The serene setting near Bonita Lakes adds to the property's appeal, offering a high quality of life for residents while providing investors with a stable and promising investment opportunity in the senior living sector or conversion to a Hotel.
Property Highlights:
Strong Location Appeal: Its proximity to Bonita Lakes and major transportation routes (I-20/I-59) makes it attractive to residents and potential developers, enhancing its marketability.
Versatile Property: The building's structure and amenities make it adaptable for various uses, including senior living, multifamily housing, or conversion into a hotel, expanding investment opportunities.
Steady Demand: The growing senior population and the need for residential care facilities ensure long-term demand for a property of this nature.
Potential for Upscale Development: Located near a popular shopping mall and other key urban conveniences, the property is well-positioned for upgrades or conversion into a luxury senior living or hotel facility.
It has been awarded twice a "Best of Senior Care" title by one of the leading third-party senior-care services (aplaceformom.com)
Location Highlights:
Proximity to Healthcare: Close to major hospitals and healthcare facilities, ensuring quick access to medical care when needed.
Shopping and Dining: Nearby shopping centers, restaurants, and grocery stores provide easy access to everyday essentials and leisure activities.
Nearby Attractions: The facility is near parks, cultural landmarks, and recreational centers, offering residents opportunities for outdoor activities and community engagement. The hotel would be close to downtown Meridian’s cultural and historical attractions, such as the MSU Riley Center (3 miles) and the Meridian Museum of Art (4 miles).