Arriba Capital announces that it recently closed a $16.6 million senior 70% LTC ground-up construction of Hyatt Place in Jackson, Tennessee.
The new 127-room hotel is located next to West Tennessee Healthcare’s 642-bed tertiary care center, Jackson-Madison County General Hospital, which serves 400,000 residents inside its 17-county area of rural West Tennessee.
Understanding the need for an extended-stay hotel in the immediate vicinity, WTH called upon a local development group and worked out a favorable ground lease to bring the project to life.
To further serve the needs of the community, Ronald McDonald House Charities will occupy the second floor and provide assistance to families whose children are undergoing treatment and receiving care at Le Bonheur Children’s.
