Hotel For Sale

Highlights:

• Newly renovated
• 89-room, 3-story hotel on 2.44 AC
• Situated conveniently along Bill Morris Parkway between Interstates 240 & 269, just off Highway 385
• Only one mile from the FedEx Int’l Headquarters & near the Southwind corporate area
• Amenities include an outdoor pool, fitness center, meeting room, business center

Description:

Hilco Real Estate is pleased to present this newly renovated 89-room Holiday Inn Express & Suites located in the Southwind neighborhood of Memphis, TN. The property is located in southeast Memphis, just off Highway 385.

Historical Revenues:
2019: $2,144,595 (70% Occ)
2021: $2,301,373 (70% Occ)
2022: $2,476,508 (76% Occ)

Memphis is a city on the Mississippi River in southwest Tennessee, famous for the influential strains of blues, soul and rock ‘n’ roll that originated there. Elvis Presley, B.B. King and Johnny Cash recorded albums at the legendary Sun Studio, and Presley’s Graceland mansion is a popular attraction. Other music landmarks include the Rock ‘n’ Soul Museum, Blues Hall of Fame and Stax Museum of American Soul Music. More than just music, downtown Memphis features 30+ museums, galleries, and other attractions, including the National Civil Rights Museum and the Metal Museum. From historical sites to natural wonders, and vibrant nightclubs to quiet walking tours, this wonderfully diverse city has a little something for tourists and locals alike.

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