Hotels for Sale

Fairfield Inn & Suites Memphis, TN

Address:
Memphis, Tennessee
Description:

UNDER CONTRACT

  • Fee simple interest in the privately owned and operated 88-room Fairfield Inn & Suites Memphis I-240 & Perkins
  • Property available for individual purchase via Ten-X.com during the March 13 - March 15 auction event
  • Offered unencumbered of management with ability to retain Fairfield Inn & Suites flag via long-term relicense
  • Compelling investment opportunity for purchaser seeking entry into Upper Midscale segmentation and/or Marriott brand family
  • Approximately $500,000 ($5,682/key) of capital improvements completed since 2015
  • Adjacent to Interstate 240 and S. Perkins Road with upwards of 165,000 vehicles passing the location daily
  • Convenient to the Memphis area’s largest employers including FedEx Corp. headquarters, Methodist Le Bonheur Healthcare, and St. Jude Children’s hospital
  • Ideally situated in the heart of the Memphis MSA and proximate to all key regional demand drivers including Beale Street, Graceland, and Memphis International Airport

Listing Agents

Adam Montufar
T: 515.446.4181
Email

Beau Mullenix
T: 314.568.7098
Email

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