Hotels for Sale

HOMEWOOD SUITES MEMPHIS GERMANTOWN, TN

Address:
Germantown, Tennessee
Description:

UNDER CONTRACT

  • Fee-simple interest in the 92-room, institutionally-owned and brand-managed Homewood Suites by Hilton Memphis Germantown offered at a fraction of replacement cost
  • Property offered for individual sale in the June 12th Ten-X auction event, as part of a larger eight-property portfolio
  • Offered unencumbered of management or debt with the ability to retain the Hilton flag with a new long-term license agreement
  • Property is being sold individually, but the 80-room Fairfield Inn & Suites Germantown is being offered simultaneously, providing buyers the opportunity to purchase both assets and capitalize on strong operating synergies in two well-branded, regional hotels serving different market segments
  • Adjacent to Interstate 177 with upwards of 47,000 vehicles passing the location daily and readily accessible to heavily trafficked I-269 and I-240 corridors
  • Approximately five miles from FedEx World Headquarters, the single largest employer in the entire Memphis MSA; currently employs ~30,000 people regionally
  • 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 (with 5.4% passenger growth and 3.0% cargo growth in 2018)

Listing Agents 

Subu Thiagarajan
T: 510.205.7931
Email

Bennett Webster
T: 312.339.3698
Email

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