A prime acquisition, this 4-story hotel features 121 modern, interior-corridor guestrooms
Concrete Block construction, 6 ft wide corridors, 2 elevators, TPO roof, state of the art tankless Hot water systems, Large Banquette facilities with a modern restaurant and a bar, completely renovated with all major systems in 2021.
Conveniently located 10 minutes from Downtown Memphis and 23 minutes from Memphis International Airport.
Sits on a Service Road of two major Interstates I-40, I-55, and across from the New Southland Casino.
Located in a high-demand submarket and proximity to corporate hubs and leisure destinations, this hotel provides long-term growth potential for investors
Historical performance shows occupancy ramp up from 48.96% in 2021 to 68.97% in 2023, with RevPAR increasing from $50.12 to $73.06 post major renovations.
The Hotel generated a Room Revenue of $3.22M in 2023, up from $2.94M in 2022, and is ahead by $140,000 as of September 12, 2024, over the same period in 2023.