Economy Hotel Portfolio - Tennessee

2 Hospitality Properties Offered at $3,700,000 in Multiple Locations

INVESTMENT HIGHLIGHTS

  • The Portfolio is comprised solely of 2 independently branded economy hotels in Memphis and Covington, Tennessee.
  • In Place Cash Flow
  • Unencumbered by debt and management

EXECUTIVE SUMMARY

Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Tennessee Portfolio totaling 175 guestrooms. The Portfolio is being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire a regionally concentrated Portfolio of economy hotels. The Portfolio contains two hotels in Tennessee and is comprised entirely of an independent brand
The Portfolio is being offered fully unencumbered of existing management or debt, allowing for a new owner to come in with fresh capital and an opportunity to retool the property-level operations and is comprised solely of independently branded economy hotels in Memphis and Covington, Tennessee.

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PROPERTY FACTS

Price $3,700,000
Price / SF $43.40 / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 85,260 SF
Total Land Area 5.15 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Economy Hotel Memphis
3896 Lamar Ave, Memphis, TN 38118
Hospitality 70,622 SF 1972 -
Economy Hotel Covington
112 Highway 51 N, Covington, TN 38019
Hospitality 14,638 SF 1944 -
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  • Listing ID: 34211226

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: Economy Hotel Portfolio - Tennessee, Memphis, TN