Springhill Suites Memphis East Galleria, TN

Listing Agents

Subu Thiagarajan
T | 510.205.7931
subu@paramountlodging.com
DRE#01891134

Brent Clemens
T | 312.402.2959
bclemens@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the institutionally owned and third-party managed Springhill Suites Memphis East Galleria TN
  • Available for individual sale as part of a larger 18-property institutional portfolio sale in the July 26th auction event via Ten-X
  • Opportunity to capitalize on strong operating synergies and economies of scale in owning adjacent hotels serving different sectors
  • Offered unencumbered by debt and management with the ability to retain the Springhill Suites flag upon brand approval and completion of the PIP
  • Significant operating improvements prospects following the completion of the PIP and transfer to more hands-on ownership
  • Adjacent to Interstate 40 and US Highway 64 with upwards of 79,900 vehicles passing the location daily
  • Approximately 12 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 Wolfchase Galleria, Beale Street, St. Jude’s Children’s Research Hospital, FedEx headquarters, Honeywell, Graceland, and Memphis International Airport
Location