Hilton Hotel Sold for $6.3M Amid Debt

A historic Jackson Hilton Hotel just sold for $6.3 million — way above its initial auction start — but with $50 million in lingering debt, the future’s murky. The iconic property, home to 270 rooms and major meeting space, was in receivership after its prior owner defaulted. Drago’s restaurant inside is now in limbo, its lease uncertain under new ownership. Local biz mogul Gabriel Prado, who recently bought and rebranded the Drury Inn as the Prado Hotel, was interested but didn’t win. Prado’s also eyeing Mississippi’s booming data center scene — a move that could transform the state’s energy landscape. Meanwhile, the Hilton’s sale dwarfs the nearby downtown Marriott’s recent $1.55 million auction — signaling big differences in perceived value and potential. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/caf56283d7bb574b