- For Sale Contact for pricing
- Property Type Other
- Units 175
- Additional Rent Contact for pricing
- Date Updated Dec 9, 2024
Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Portfolio - Memphis totaling 175 rooms. The properties are being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire a regionally concentrated hotels with existing in-place cash flow. The properties is located in the greater Memphis MSA.
The properties in the portfolio are currently providing existing cash flow with ample room to grow at all properties. A new owner will have the opportunity to further drive revenue through a variety of strategies.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Two properties totaling 175 guestrooms
- Independently branded economy hotels
- Sold unencumbered of debt & management
- Discount to replacement cost
- In-place cash flow
False
Contacts
Location
Getting Around
-
Walk Score ®
17/100
Car-Dependent
-
Transit Score ®
32/100
Some Transit
-
Bike Score ®
36/100
Somewhat Bikeable
- City Memphis, TN
- Neighborhood Oakville
- Zip Code 38118
- Market Memphis
Points of Interest
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Cleveland Street
7.33 miles
-
Pauline
7.83 miles
-
Dunlap
7.97 miles
-
Orleans
8.21 miles
-
Danny Thomas
8.54 miles
-
Central Station
8.75 miles
-
Third Street
8.83 miles
-
Butler
8.83 miles
-
Huling
8.87 miles
-
Valero
1.30 miles
-
BP
1.82 miles
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Marathon
2.33 miles
-
Shell
2.82 miles
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Exxon
2.83 miles
-
Mapco
2.92 miles
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Sunoco
3.10 miles
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ChargePoint
4.39 miles
-
Tesla Supercharger
4.99 miles
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Democrat Tug Lot
2.10 miles
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East Lot
2.74 miles
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Parking Garage & Rental Car Facility
2.87 miles
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Cell Phone Lot
2.90 miles
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Parking Garage
2.90 miles
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Economy Parking West Lot
2.96 miles
-
Assure Truck Parking
3.09 miles
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Tennessee Welcome Center
4.19 miles
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Deloach Parking Garage
4.38 miles
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Real Value Inn
0.00 miles
-
Inland Suites Lamar
0.13 miles
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Relax Inn - Lamar Ave
0.31 miles
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Budget Inn
0.37 miles
-
Crown Inn
0.40 miles
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Americas Best Value Inn/Memphis Airport
1.21 miles
-
Americas Best Value Inn & Suites
1.28 miles
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Comfort Inn & Suites Airport - American Way
1.29 miles
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Southeast Motel
1.33 miles
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Home 1 Extended Stay
1.38 miles
-
Krystal
0.61 miles
-
Waffle House
1.36 miles
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Tom's Barbecue
1.52 miles
-
Church's Chicken
1.54 miles
-
Checkers
1.57 miles
-
Sonic
1.74 miles
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McDonald's
1.75 miles
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Captain D's
1.78 miles
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Taco Bell
1.90 miles
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IHOP
1.92 miles
-
Tall Trees School
0.12 miles
-
Shelby Training Center
0.29 miles
-
Getwell School
0.48 miles
-
Sheffield Elementary School
0.70 miles
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Sheffield School
0.76 miles
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Sheffield Vocational High School
0.81 miles
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Goodlett Elementary School
0.84 miles
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Oakville School
0.84 miles
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American Way Middle School
1.10 miles
-
Strayer University
2.19 miles
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Fireside Temple Church of God in Christ Day Care Center
0.66 miles
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Barbara K Lipman Early Childhood School and Research Institute
4.61 miles
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Miriam Child Development Center
5.59 miles
-
Union Avenue Baptist Church Child Enrichment Center
6.07 miles
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Middle Baptist Church Daycare Center
6.55 miles
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Saint Jude Day Care Center
6.83 miles
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Harris Memorial Day Care and Learning Center
7.01 miles
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Vollintine Baptist Day Care Center
8.91 miles
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Mount Pisgah Baptist Church Day Care Center
9.26 miles
Frequently Asked Questions
The sale price for Economy Hotel Portfolio - Memphis is available upon request. Contact the listing broker for more information.
Economy Hotel Portfolio - Memphis totals 149,477 square feet.
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