Governor's Inn & Suites - Memphis | 2490 Mount Moriah Rd
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Governor's Inn & Suites - Memphis 2490 Mount Moriah Rd
194 Room Hotel Memphis, TN 38115 $4,500,000 ($23,196/Room)
Investment Highlights
- 11 miles from Downtown Memphis. 14.7 miles from Beale Street .
- Large Banquet and Meeting Space of 9,000 sq. ft. One of the Largest Event Spaces in the Local Area
- Excellent candidate Hotel for Multifamily Rezoning or Extended Stay Hotel Conversion or a Dual Brand Conversion
- Centrally Located to All Demand Generators in Memphis. Large Banquet Space, Restaurant, and Commercial Kitchen.
- Excellent Value add Opportunity. Multifamily Rezoning Opportunity.
- Several National Franchise Brands Available for Conversion. Bank Financing Available.
Executive Summary
Rooms: 194
$21,000/Key
Offered at Significantly Well Below Replacement Cost
Interior Corridor
Lot Size: 3.36 acres
4 Stories
Solid Concrete Block Construction Building
11 miles from Downtown Memphis
14.7 miles from Beale Street
Centrally Located to All Demand Generators in Memphis
Large Banquet Space, Restaurant, and Commercial Kitchen
Large Banquet and Meeting Space of 9,000 sq. ft. One of the Largest Event Spaces in the Local Area
Excellent Value add Opportunity
Multifamily Rezoning Opportunity
Several National Franchise Brands Available for Conversion
Excellent candidate Hotel for Multifamily Rezoning or Extended Stay Hotel Conversion or a Dual Brand Conversion
Bank Financing Available
The Governor's Inn & Suites is located at 2490 Mount Moriah Road in Memphis, Tennessee, United States. Situated in the heart of the city, this establishment offers convenient access to a range of attractions, amenities, and businesses. The location of the Governor's Inn & Suites is ideal for exploring the vibrant city of Memphis.
Proximity to Graceland: Just a short drive from the inn, Graceland is the former home of the legendary musician Elvis Presley. Visitors can explore the mansion, tour the exhibits showcasing Elvis' life and career, and immerse themselves in the history and legacy of the King of Rock 'n' Roll.
Access to Beale Street: Beale Street is a renowned cultural and entertainment district in Memphis, known for its vibrant live music scene, restaurants, bars, and clubs. Guests staying at the Governor's Inn & Suites can easily access Beale Street and enjoy its energetic atmosphere, live performances, and diverse dining options.
Shopping Opportunities: The inn's location offers convenient access to various shopping centers and outlets. Guests can indulge in retail therapy at places like Wolfchase Galleria, Oak Court Mall, or the Shops of Saddle Creek, where they can find a wide range of stores, boutiques, and specialty shops.
Proximity to Memphis International Airport: Travelers flying into or out of Memphis will appreciate the inn's proximity to Memphis International Airport. The airport is a short drive away, making it convenient for guests who need easy access to air transportation.
Cultural Attractions: Memphis is a city rich in cultural attractions. Visitors can explore the Memphis Zoo, which is home to a diverse collection of animals and offers educational experiences for all ages. The National Civil Rights Museum, located at the Lorraine Motel where Dr. Martin Luther King Jr. was assassinated, provides a thought-provoking journey through the history of the Civil Rights Movement.
Sporting Events: Sports enthusiasts will find the Governor's Inn & Suites conveniently located near sports venues such as the FedExForum, home to the NBA's Memphis Grizzlies, and AutoZone Park, where minor league baseball team the Memphis Redbirds play.
These location highlights showcase the diverse range of attractions and activities available near the Governor's Inn & Suites, making it an ideal choice for travelers seeking to explore the best of what Memphis has to offer which makes an attractive value add investment opportunity.
Governor's Inn & Suites - Memphis - TN is located right off the freeway. 11 miles from Downtown Memphis. It is close to Crystal Shrine Grotto (2.2 miles), a popular Memphis landmark. Also conveniently located to nearby attractions including, Lichterman Nature Center (2.6 miles), Hickory Hill (3.3 miles), Audubon Park (2.8 miles), and Memphis Botanic Garden (3.3 miles). With only 3 miles from the art museum, Dixon Gallery and Gardens University of Memphis is only 4.1 miles away and Memphis International Airport is only 8 miles from the property.
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.
$21,000/Key
Offered at Significantly Well Below Replacement Cost
Interior Corridor
Lot Size: 3.36 acres
4 Stories
Solid Concrete Block Construction Building
11 miles from Downtown Memphis
14.7 miles from Beale Street
Centrally Located to All Demand Generators in Memphis
Large Banquet Space, Restaurant, and Commercial Kitchen
Large Banquet and Meeting Space of 9,000 sq. ft. One of the Largest Event Spaces in the Local Area
Excellent Value add Opportunity
Multifamily Rezoning Opportunity
Several National Franchise Brands Available for Conversion
Excellent candidate Hotel for Multifamily Rezoning or Extended Stay Hotel Conversion or a Dual Brand Conversion
Bank Financing Available
The Governor's Inn & Suites is located at 2490 Mount Moriah Road in Memphis, Tennessee, United States. Situated in the heart of the city, this establishment offers convenient access to a range of attractions, amenities, and businesses. The location of the Governor's Inn & Suites is ideal for exploring the vibrant city of Memphis.
Proximity to Graceland: Just a short drive from the inn, Graceland is the former home of the legendary musician Elvis Presley. Visitors can explore the mansion, tour the exhibits showcasing Elvis' life and career, and immerse themselves in the history and legacy of the King of Rock 'n' Roll.
Access to Beale Street: Beale Street is a renowned cultural and entertainment district in Memphis, known for its vibrant live music scene, restaurants, bars, and clubs. Guests staying at the Governor's Inn & Suites can easily access Beale Street and enjoy its energetic atmosphere, live performances, and diverse dining options.
Shopping Opportunities: The inn's location offers convenient access to various shopping centers and outlets. Guests can indulge in retail therapy at places like Wolfchase Galleria, Oak Court Mall, or the Shops of Saddle Creek, where they can find a wide range of stores, boutiques, and specialty shops.
Proximity to Memphis International Airport: Travelers flying into or out of Memphis will appreciate the inn's proximity to Memphis International Airport. The airport is a short drive away, making it convenient for guests who need easy access to air transportation.
Cultural Attractions: Memphis is a city rich in cultural attractions. Visitors can explore the Memphis Zoo, which is home to a diverse collection of animals and offers educational experiences for all ages. The National Civil Rights Museum, located at the Lorraine Motel where Dr. Martin Luther King Jr. was assassinated, provides a thought-provoking journey through the history of the Civil Rights Movement.
Sporting Events: Sports enthusiasts will find the Governor's Inn & Suites conveniently located near sports venues such as the FedExForum, home to the NBA's Memphis Grizzlies, and AutoZone Park, where minor league baseball team the Memphis Redbirds play.
These location highlights showcase the diverse range of attractions and activities available near the Governor's Inn & Suites, making it an ideal choice for travelers seeking to explore the best of what Memphis has to offer which makes an attractive value add investment opportunity.
Governor's Inn & Suites - Memphis - TN is located right off the freeway. 11 miles from Downtown Memphis. It is close to Crystal Shrine Grotto (2.2 miles), a popular Memphis landmark. Also conveniently located to nearby attractions including, Lichterman Nature Center (2.6 miles), Hickory Hill (3.3 miles), Audubon Park (2.8 miles), and Memphis Botanic Garden (3.3 miles). With only 3 miles from the art museum, Dixon Gallery and Gardens University of Memphis is only 4.1 miles away and Memphis International Airport is only 8 miles from the property.
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.
Property Facts
| Price | $4,500,000 | Building Size | 107,130 SF |
| Price Per Room | $23,196 | No. Rooms | 194 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 1974 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.27/1,000 SF |
| Lot Size | 3.36 AC | Corridor | Interior |
| Price | $4,500,000 |
| Price Per Room | $23,196 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.36 AC |
| Building Size | 107,130 SF |
| No. Rooms | 194 |
| No. Stories | 4 |
| Year Built | 1974 |
| Tenancy | Single |
| Parking Ratio | 3.27/1,000 SF |
| Corridor | Interior |
Amenities
- Fitness Center
- Restaurant
- Shuttle Service
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 194 | $90.00 | - |
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PROPERTY TAXES
| Parcel Number | 07-4090-0-0107 | Improvements Assessment | $125,440 |
| Land Assessment | $214,560 | Total Assessment | $340,000 |
PROPERTY TAXES
Parcel Number
07-4090-0-0107
Land Assessment
$214,560
Improvements Assessment
$125,440
Total Assessment
$340,000
zoning
| Zoning Code | CL |
| CL |
-
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Governor's Inn & Suites - Memphis | 2490 Mount Moriah Rd
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