KING EDWARD HOTEL

Date of closing February 2008
Total Costs $87.8 million
Total NMTCS $74.1 million
KING EDWARD HOTEL (HILTON GARDEN INN) 
(Jackson, MS) |  View Map

AWARD WINNER
2010 Developments of Distinction in Historic Rehabilitation Award
Novogradac Journal of Tax Credits

 

The King Edward Hotel is the redevelopment of a historic hotel that has been vacant for more than 40 years. The building has evolved into a 265, 000 sq. ft. mixed-use urban center that features a 186-room hotel with a restaurant and high-tech business center, a 64-unit apartment complex, and premium retail space. The building’s historic integrity and heritage was preserved and the project generates significant economic activity in an area with a 53.5% poverty rate. The hotel, which opened in 2009, incorporates sustainability within its design, construction, and operations. Design features include: energy efficient HVAC systems and an important waste diversion program as well as green housekeeping and maintenance practices. (NNMF NMTCs: $15 million)