I don't follow stud.
But there is so much action going on and so many tables that IF there is going to be a time of year when bigger cash 7-stud is going then this would be it.
YTF might be able to answer your Q better if you gave an idea of the stakes you are hoping for.
Have you tried the Grand Casino for rooms? Guess it's possible for them to be sold-out already for 'outsiders' (lack of a better term) but they just sent me a coupon for 2 free nights between Sun-Thur in Jan.
Also try various hotels on Goodman Road in Southaven, MS which should be only about 20 minutes away.
Also -
Mon, Jan 10, 12p - Event 5, Limit 7-card stud, $500+50
Wed, Jan 12, 12p - Event 7, Limit 7-card stud Hi/Lo, $500+50
http://www.pokerpages.com/tournament/schedule2041.htm