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Courtyard Memphis East Bill Morris Parkway 3076 Kirby Pky

96 Room Hotel Memphis, TN 38115 For Sale

Investment Highlights

  • Fee simple interest in the Courtyard by Marriott East/Bill Morris Parkway
  • Recent full-property renovation completed in 2024
  • Offered unencumbered by management & debt
  • 96-room, three-story hotel on 0.28± AC
  • Roughly 630± SF of meeting space

Executive Summary

Hilco Real Estate Sales is excited to bring this Courtyard by Marriott hotel to market for sale. This full-service 96-room hotel, renovated
in 2024, is ideally positioned just minutes from Germantown, a rapidly growing suburb of Memphis. Located off of Route 385 and I-240 in East Memphis, TN, it is perfect for business and leisure travelers, offering easy access to key destinations such as Memphis International
Airport, FedEx Headquarters and International Paper.

Property Facts

Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.57 AC
Building Size 51,804 SF
No. Rooms 96
No. Stories 3
Year Built/Renovated 1998/2005
Tenancy Single
Parking Ratio 2.9/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • Shuttle Service
  • On-Site Retail
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Digital key

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 3 $132.00 -
Guest Room 93 $114.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-3200-0-0414
Land Assessment
$249,920
Improvements Assessment
$1,190,080
Total Assessment
$1,440,000

zoning

Zoning Code CMU-2 (Hotel)
CMU-2 (Hotel)
  • Listing ID: 32263633

  • Date on Market: 6/26/2024

  • Last Updated:

  • Address: 3076 Kirby Pky, Memphis, TN 38115

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