Exciting Renovations Planned for Courtyard by Marriott Following $18.6 Million Acquisition in Oxford, Mississippi

Exciting Changes Ahead for Courtyard by Marriott in Oxford, Mississippi!

Oxford, MS – November 12, 2024

Exciting news is brewing in Oxford, Mississippi! The iconic Courtyard by Marriott, which boasts 121 cozy rooms, has been acquired for a whopping $18.6 million by Commonwealth Lodging Management, LLC. That’s a mouthful, but stick with us – this Virginia Beach-based hospitality firm is ready to make a splash in the Magnolia State!

What makes this deal extra special? It marks Commonwealth Lodging’s very first investment in Mississippi. The hotel, located right next to the prestigious University of Mississippi, also known as “Ole Miss,” is in a prime spot. It’s the closest branded hotel to the university, putting guests just a stone’s throw away from campus life and excitement. And let’s not forget the social hub of downtown Oxford, known as The Square, which is just a brisk 8-minute walk away!

A Modern Makeover on the Horizon

So, what’s next for the Courtyard by Marriott? Get ready for a refresh! Commonwealth Lodging is rolling out a $3.7 million renovation to modernize the hotel with Marriott’s latest décor package. This is not just about changing a few pillows and pictures; it’s all about elevating the entire guest experience! The firm will be diving in with a hands-on management approach to ensure that every visitor to this hotel feels right at home.

As part of the renovation, guests can look forward to the revival of the hotel’s rooftop restaurant and bar! After being closed for a while, this beloved spot is set to return with a new themed concept that caters perfectly to the local vibe. Just imagine savoring delicious food and drinks while enjoying breathtaking views of Oxford!

Dedicated Team at the Helm

Commonwealth Lodging has a strong track record in hospitality management, focusing on enhancing property operations and boosting cash flow. Ed Denton, the Chief Development Officer, shared his excitement about this venture, stating, “We are pleased to grow our investment footprint in the South and look forward to executing our management strategy for this quality hospitality asset.”

It’s inspiring to see such enthusiasm, especially considering the hotel’s fantastic location and reputable brand. Commonwealth Lodging aims to create a top-tier team right on site, positioning the Courtyard as the go-to choice for travelers and visitors in Oxford.

Who is Commonwealth Lodging?

As a brief introduction, Commonwealth Lodging Management, LLC is a proud subsidiary of Commonwealth Commercial Partners. They carry extensive experience working with both select-service and full-service franchises across the U.S. Their specialty lies in focused and proactive hospitality management, and they’re all about stabilizing operations and delivering impressive returns to their investors.

For those interested in learning more about their impressive roster and expertise, you can check out their website at commonwealthlodging.com.

Conclusion: A Bright Future Ahead

With this exciting acquisition and renovation on the way, the Courtyard by Marriott in Oxford is set to become an even more cherished haven for both locals and visitors in the near future. Whether you’re a student, a parent coming for a football game, or a weekend traveler, you can look forward to experiencing this revitalized hotel.

As the community welcomes these changes, we can’t help but feel an air of anticipation for what’s to come. Cheers to progress and new beginnings in Oxford, Mississippi!