2270 N Germantown Pky - Hospitality FOR SALE


Cordova, TN 38016
$7,900,000 USD
901-674-6105
2270 N Germantown Pky, Cordova, TN for Sale
$7,900,000 USD
Hospitality - FOR SALE
1/24
null | 11.3% Cap Rate

2270 N Germantown Pky
Cordova, TN 38016


OVERVIEW

o Featuring 100 Guestrooms in a 3-story interior corridor building with Masonry construction. o Gen-4 Renovations for Country Inn & Suites were completed in 2022, aligning with the latest brand design and standards. o Conveniently located 20 minutes from Downtown Memphis and 25 minutes from Memphis International Airport. o Historical Performance • 2024 Revenue of $1.92M with adjusted NOI of $766k (approx. 40%) • 2023 Revenue of $2.09M with adjusted NOI of $811k (approx. 39%) • 2022 Revenue of $1.78M with adjusted NOI of $723k (approx. 41%) o Upside Potential: The hotel’s current RevPAR is approximately 34.3% below its competitive set, as per the December 2024 STR Report, highlighting a significant opportunity to drive growth through enhanced revenue management and strategic operational improvements. o Nestled at 2270 N Germantown Pkwy in Cordova, TN—just a short drive from the vibrant city of Memphis—this hotel combines suburban tranquility with quick access to major attractions, dining, and cultural hotspots, making it ideal for both business and leisure travelers. o Hotel demand is projected to grow substantially (Please refer to the graph on page 12). o Sits off of N Germantown Pkwy (average daily traffic of 37,000) and near two major Interstates I-40 (average daily traffic of 114,500), and US Hwy 64 (average daily traffic of 48,500). o Located in a high-demand submarket and proximity to corporate hubs and leisure destinations, this hotel provides long-term growth potential for investors o Situated near economic centers such as Wolfchase Galleria’s bustling retail district, Shelby Oaks Corporate Park, and Memphis’ major distribution and logistics corridors, the hotel provides business travelers with direct access to key commercial opportunities.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$158 USD /SF

# OF ROOMS

100

PRICE/ROOM

$79,000 {currency}

CAP RATE

11.3%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Inn & Suites by Radisson, Wolfchase

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

99

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

CA

APN/PARCEL ID

09-6500-0-0560

ASK ABOUT THIS PROPERTY

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.