Radisson Hotel West Memphis | 2007 S Service Rd
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Radisson Hotel West Memphis 2007 S Service Rd
121 Room Hotel West Memphis, AR 72301 $12,500,000 ($103,306/Room) 10.70% Cap Rate
Investment Highlights
- 0.7 miles to Southland Casino
- 8.5 miles to FedExForum
- Event space for 291
- 7.7 miles to downtown Memphis
- On-site restaurant and bar
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $12,500,000 | Lot Size | 3.74 AC |
| Price Per Room | $103,306 | Building Size | 90,750 SF |
| Sale Type | Investment | No. Rooms | 121 |
| Cap Rate | 10.70% | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2021 |
| Property Subtype | Hotel | Parking Ratio | 2.63/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | $12,500,000 |
| Price Per Room | $103,306 |
| Sale Type | Investment |
| Cap Rate | 10.70% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.74 AC |
| Building Size | 90,750 SF |
| No. Rooms | 121 |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 2.63/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $145.00 | - |
| Guest Room | 117 | $135.00 | - |
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PROPERTY TAXES
| Parcel Number | 361-800000-600 | Improvements Assessment | $928,547 |
| Land Assessment | $99,840 | Total Assessment | $1,028,387 |
PROPERTY TAXES
Parcel Number
361-800000-600
Land Assessment
$99,840
Improvements Assessment
$928,547
Total Assessment
$1,028,387
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Radisson Hotel West Memphis | 2007 S Service Rd
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