OUR ASSET:ECONOMY HOTEL MEMPHIS
ASKING PRICE: $4,000,000
ABOUT THE ASSET
Economy Hotel Memphis, located in the Greater Memphis Area, offers a substantial value-add investment opportunity with 145 guestrooms. Built in 1972 and renovated in 2020, this four-story, interior corridor property spans 70,622 square feet on a 4.879-acre lot. It features a cash-flowing event hall, adding to its revenue streams. The property is being sold unencumbered by management and debt, providing immediate in-place cash flow and significant potential for operational enhancements.
IMMEDIATE CASH FLOW
Provides strong in-place cash flow with opportunities for revenue growth through strategic management and operational improvements.STRATEGIC LOCATION
Situated in Memphis, Tennessee, a vibrant city known for its rich cultural heritage and strong demand for economy lodging.RECENT RENOVATIONS
Built in 1972 and renovated in 2020, the property features updated amenities, reducing the need for immediate capital expenditures.ABOUT THE HOTEL
- Flexibility for New Ownership: Fully unencumbered by existing management and debt, allowing new owners to implement tailored operational strategies.
- Attractive Acquisition Cost: Offered at a significant discount to replacement cost, providing an immediate competitive advantage and value.
- Spacious Property: Encompasses 70,622 square feet on a 4.879-acre lot, offering ample space for future enhancements or expansions.
- Fee Simple Ownership: Full ownership rights, ensuring long-term stability and control over the property.