1471 E Brooks Rd - Hospitality FOR SALE
Memphis, TN 38116 |
1471 E Brooks Rd
Memphis, TN 38116
HIGHLIGHTS
- Dad's Place legendary bar/restaurant (with Elvis Presley as a patron and Johnny Cash, Jerry Lee Lewis having performed there. Open back up F&B.
- There is a strong local following, allowing a restarted food and beverage operation to generate income and help supercharge profitability.
- Strategically located 1.6 miles to the city's two largest demand generators, the Memphis International Airport and the famous home of Elvis,Graceland.
- Excellent set of amenities: pool w/ bar, fitness center, 9 modulable conference space areas, lobby bar, restaurant and bar, and music stage.
- The hotel is offered unencumbered by management, and the new owner can continue under the Travelodge flag or look for other branding options.
- Huge discount to replacement cost with recent $1.8 million in structural capital expenditure, allowing a new owner to focus on strategic improvement.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Travelodge by Wyndham Memphis Airport
PROPERTY TYPE
Hospitality
ADD'L SUBTYPES
Hotel
TOTAL BUILDING SIZE
185100
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1972
PARKING SPACES
310
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
EMP
APN/PARCEL ID
07-8003-A0-0053C
