• This hotel features 98 rooms in a 4-story interior corridor layout, originally built in 2008.
• The property was renovated in 2020 with a modern Formula Blue design.
• The hotel generated $3.066M Room Revenue in 2024, with an additional $42,000 in other revenue. A temporary electrical outage in the area due to the weather resulted in an approx. $50,000 revenue loss.
• 2023 Roof Revenue of $3.311M with strong NOI of $1.3M, up 46% from 2022.
• Fully staffed with a GM, offering potential upside for owner-operators.
• Prime location in Millington, a rapidly growing suburb North of Memphis, known for its safety and family-friendly environment, benefiting from major developments and high visibility off US Route 51 and close to the future exit for I-269 a Highway from Canada to Mexico.
• Over $1.4 billion in planned developments, low property taxes, and minimal traffic congestion make Millington attractive for business and tourism growth.
• Strong demand drivers: close to NSA Mid-South Naval Base, Memphis International Airport, unprecedented residential and commercial growth, Industrial Plants, New and expanding regional sports complex and leisure attractions in Metro Memphis area.