An established event campus
The Commission reports more than 400,000 square feet of event space and 176,095 event room-nights generated from 2023–2025.
Hospitality · Biloxi, Mississippi
The front door to the Gulf Coast.
A proposed Embassy Suites at the Mississippi Coast Coliseum & Convention Center. A place for the region’s event demand to stay.
238Proposed suites
$11.39MTarget LP equity
29.1%Target LP net IRR
A hotel built around demand
The gathering place. Now, a place to stay.
The convention campus has hosted the Coast’s events for five decades. The project proposes an all-suite hotel and a climate-controlled connection to the convention halls, designed around the needs of group travelers.
A documented lodging gap
The venue’s lost-business report identifies 23 lost events from January 2023 to March 2026, with 13 citing the lack of an attached hotel.
A purpose-built response
The proposed program combines 238 suites with meeting and pre-function space, dining and a rooftop bar.
Venue figures are reported in the September 2026 sponsor deck and Commission records; third-party data has not been independently verified.
The proposed path
From groundbreaking
to the next chapter.
Financing & construction
Target Q1 financing close and groundbreaking.
Welcome to the Coast
Planned late-year opening; brand key money follows opening.
Operating ramp
Build occupancy and cash flow through the stabilization period.
Target recapitalization
Proposed LP exit through refinancing or recapitalization.
Schedule and exit are targets, subject to financing, construction, operating performance and lender sizing.
At a glance
The structure
behind the strategy.
Review the overview, then register your interest to request current materials from the Blackline team.
Source: 2026_0918_MCCC_LP_Deck_Blackline.pptx
Source date: September 24, 2026
- Total development cost
- $90.78 million
- Target LP equity
- $11.39 million
- Target LP net IRR / multiple
- 29.1% / 2.45×
- Preferred return
- 8% cumulative on unreturned LP capital
- GP investment
- $1.75 million, subordinate to LP preferred and return of capital
- Indicative promote
- 10%; 15% above 10% LP IRR; 40% above 20% LP IRR
- Planned opening
- Late 2028
- Target hold / exit
- 5 years; 2031 refinance or recapitalization
- Ground lease
- 99 years at $1 per year, per sponsor deck
About these materials
September 2026 sponsor underwriting. Returns are targets, not guarantees. The local 2%/3% tax pledge requires separate authorization; other incentives and operating arrangements remain subject to final documentation. Brand key money is expected after opening and is not a closing source. Bellamare Development is an affiliate and receives a 4% developer fee. The planned Blueway is excluded from the base-case revenue projections.
MCCC Embassy Suites
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