Hampton by Hilton Inn Memphis/Collierville, TN

UNDER CONTRACT

• Fee-simple interest in the 92-room, institutionally-owned and third-party managed Hampton Inn offered at a fraction of replacement cost
• Property offered for individual sale in the May 3rd Ten-X auction event
• Offered unencumbered of management or debt with the ability to retain the Hilton flag with a new long-term license agreement
• In-place +100 RevPAR and strong in-place walk-in yield
• Minimal PIP anticipated with $2MM of completed renovation work in recent years
• Adjacent to US-385 and US-72 with upwards of 26,500 vehicles passing the location daily and readily accessible to heavily trafficked I-269 and I-240