Holiday Inn Express | 5090 Copper Creek Blvd
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Holiday Inn Express 5090 Copper Creek Blvd
98 Room Hotel Millington, TN 38053 $13,300,000 ($135,714/Room) 10.15% Cap Rate
Executive Summary
o 98-room, 4-story interior corridor hotel.
o Strong financials: 2023 room revenue hit $3.31M, up 25% from 2022, with 2024 expected to surpass that.
o Prime location in Millington, a rapidly growing suburb of Memphis, benefiting from major developments and high visibility off US Route 51.
o Excellent transportation access, including direct rail links and proximity to Millington-Memphis Airport, ideal for logistics and tourism.
o Over $1.4 billion in planned developments, low property taxes, and minimal traffic congestion make Millington attractive for business and tourism growth.
o Strong demand drivers: close to NSA Mid-South Naval Base, Memphis International Airport, and key business and leisure attractions
o Strong financials: 2023 room revenue hit $3.31M, up 25% from 2022, with 2024 expected to surpass that.
o Prime location in Millington, a rapidly growing suburb of Memphis, benefiting from major developments and high visibility off US Route 51.
o Excellent transportation access, including direct rail links and proximity to Millington-Memphis Airport, ideal for logistics and tourism.
o Over $1.4 billion in planned developments, low property taxes, and minimal traffic congestion make Millington attractive for business and tourism growth.
o Strong demand drivers: close to NSA Mid-South Naval Base, Memphis International Airport, and key business and leisure attractions
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $13,300,000 | Building Size | 64,000 SF |
| Price Per Room | $135,714 | No. Rooms | 98 |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 10.15% | Year Built | 2008 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.88/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.54 AC | Opportunity Zone |
Yes
|
| Price | $13,300,000 |
| Price Per Room | $135,714 |
| Sale Type | Investment |
| Cap Rate | 10.15% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.54 AC |
| Building Size | 64,000 SF |
| No. Rooms | 98 |
| No. Stories | 4 |
| Year Built | 2008 |
| Tenancy | Single |
| Parking Ratio | 3.88/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $117.00 | - |
| Guest Room | 83 | $98.00 | - |
PROPERTY TAXES
| Parcel Number | M0-115-0-0963 | Improvements Assessment | $1,891,040 |
| Land Assessment | $231,320 | Total Assessment | $2,122,360 |
PROPERTY TAXES
Parcel Number
M0-115-0-0963
Land Assessment
$231,320
Improvements Assessment
$1,891,040
Total Assessment
$2,122,360
zoning
| Zoning Code | B-2 |
| B-2 |
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Holiday Inn Express | 5090 Copper Creek Blvd
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