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Courtyard by Marriott Memphis 3076 Kirby Pky 96 Hotel Rooms Online Auction Sale Memphis, TN 38115
Matterport 3D Tours
Investment Highlights
- 3076 Kirby Pky is a well-established 96-room Marriott Courtyard hotel off SR 385 in Memphis, Tennessee, built in 1998 and renovated in 2024-2025.
- Opportunity to join Marriott with this recently updated ($4.3M+ capex injection) driving momentous ramp-up period, performing at 28.8% RevPAR Index.
- Offered unencumbered by management and debt and within excellent proximity to key demand drivers throughout the Memphis metro.
- Hotel guests benefit from retailers less than 3 miles away, including Walmart, Kroger, Sam’s Club, Chick-Fil-A, IHOP, Waffle House, and more.
- Equipped with a covered drive-thru lobby entrance, 150 parking spaces, an outdoor pool, The Bistro Restaurant, and a spacious meeting/event space.
- Hotel guests benefit from retailers less than 3 miles away, including Walmart, Kroger, Sam’s Club, Chick-Fil-A, IHOP, Waffle House, and more.
Executive Summary
Bowman Post Group is pleased to offer an exciting opportunity to join a joint venture on the fully renovated (2024-2025) Courtyard by Marriott Memphis, a strategically located select-service hotel comprising 96 well-appointed guest rooms.
This exceptional asset is poised to capitalize on its prime position in the dynamic East Memphis market, just moments from the affluent, rapidly expanding suburb of Germantown. Benefiting from immediate access via Route 385 and Interstate 240, the hotel captures a diverse demand base of business and leisure travelers drawn to the area's key economic drivers, including Memphis International Airport (MEM), the global headquarters of FedEx, and the significant presence of International Paper. This offering presents a compelling opportunity to partner with a recently upgraded, market-leading hotel brand in a high-growth corridor with strong, diverse demand fundamentals.
The Memphis area is a leading medical and bioscience center. The city is home to the Regional One Health East Campus, Baptist Memorial Hospital, Methodist Le Bonheur Healthcare, the UT/Baptist Research Park, and the University of Tennessee Health Science Center (UTHSC), which collectively generate a multi-billion-dollar impact on the Memphis area economy. St. Jude Children’s Research Hospital is another prestigious medical center in Memphis. Located 18 miles from the Hotel, St. Jude Children’s Research Hospital is the top-ranked pediatric cancer hospital in the US and is undergoing an expansion plan that will conclude in 2029 to address catastrophic pediatric diseases. This multi-billion-dollar expansion plan will include the construction of two 15-story towers dedicated to patient care and clinical research. St. Jude Children’s Research Hospital currently treats more than 8,000 patients a year worldwide and will employ an additional 2,300 jobs with the expansion plan.
Tourism continues to be an essential driver of Memphis's economic growth. With Elvis Presley and Graceland (13 miles from the hotel), the world-class Memphis Zoo (15 miles), and numerous museums and attractions, the local tourism market has a meaningful impact on the economy, bringing in more than 10 million tourists a year. Memphis provides a vibrant downtown approximately 14 miles from the hotel, with 3 blocks of nightclubs, restaurants, and shops along the historic district of Beale Street. AutoZone Park and FedEx Forum are less than 1 mile from downtown, where the Memphis Grizzlies Basketball team plays, collecting millions in revenue each year.
Property tours are by appointment only. Please contact the listing broker to schedule.
This exceptional asset is poised to capitalize on its prime position in the dynamic East Memphis market, just moments from the affluent, rapidly expanding suburb of Germantown. Benefiting from immediate access via Route 385 and Interstate 240, the hotel captures a diverse demand base of business and leisure travelers drawn to the area's key economic drivers, including Memphis International Airport (MEM), the global headquarters of FedEx, and the significant presence of International Paper. This offering presents a compelling opportunity to partner with a recently upgraded, market-leading hotel brand in a high-growth corridor with strong, diverse demand fundamentals.
The Memphis area is a leading medical and bioscience center. The city is home to the Regional One Health East Campus, Baptist Memorial Hospital, Methodist Le Bonheur Healthcare, the UT/Baptist Research Park, and the University of Tennessee Health Science Center (UTHSC), which collectively generate a multi-billion-dollar impact on the Memphis area economy. St. Jude Children’s Research Hospital is another prestigious medical center in Memphis. Located 18 miles from the Hotel, St. Jude Children’s Research Hospital is the top-ranked pediatric cancer hospital in the US and is undergoing an expansion plan that will conclude in 2029 to address catastrophic pediatric diseases. This multi-billion-dollar expansion plan will include the construction of two 15-story towers dedicated to patient care and clinical research. St. Jude Children’s Research Hospital currently treats more than 8,000 patients a year worldwide and will employ an additional 2,300 jobs with the expansion plan.
Tourism continues to be an essential driver of Memphis's economic growth. With Elvis Presley and Graceland (13 miles from the hotel), the world-class Memphis Zoo (15 miles), and numerous museums and attractions, the local tourism market has a meaningful impact on the economy, bringing in more than 10 million tourists a year. Memphis provides a vibrant downtown approximately 14 miles from the hotel, with 3 blocks of nightclubs, restaurants, and shops along the historic district of Beale Street. AutoZone Park and FedEx Forum are less than 1 mile from downtown, where the Memphis Grizzlies Basketball team plays, collecting millions in revenue each year.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Franchise Agreement
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Building Size | 51,804 SF |
| Sale Condition | Auction Sale | No. Rooms | 96 |
| Type of Ownership | Fee Simple | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1998/2025 |
| Property Subtype | Hotel | Parking Ratio | 2.9/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.57 AC | Parcel Number | 09-3200-0-0414 |
| Zoning | CMU-2 - Hotel | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.57 AC |
| Building Size | 51,804 SF |
| No. Rooms | 96 |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2025 |
| Parking Ratio | 2.9/1,000 SF |
| Corridor | Interior |
| Zoning | CMU-2 - Hotel |
| Parcel Number | 09-3200-0-0414 |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- On-Site Retail
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $183.07 CAD | - |
| Guest Room | 93 | $158.11 CAD | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Sale Advisor
Sale Advisor
Andrew Post, Managing Broker
Andrew's deep-rooted connection to the hospitality industry began in his youth, growing up within his family's hotel in the vibrant coastal community of Manhattan Beach. This early immersion provided him with a foundational understanding of hotel operations, further solidified by his direct experience working the front desk after graduating college while simultaneously gaining valuable experience in finance.
Over the years, Andrew's vast knowledge of both hotel operations and investment strategy has established him as a trusted advisor to numerous families navigating the complexities of the hospitality market. His keen understanding of financing structures, coupled with his extensive network and insights into franchising, has been instrumental in successfully closing nearly $180 million in transactions.
Andrew plays a pivotal role in overseeing the strategic direction of The Bowman Post Group. His commitment to the industry extends beyond transactions, as he is also a co-founder of The Bowman Post Group Foundation, a 501(c)(3) organization dedicated to supporting the hospitality community. His additional role as a hotelier underscores his dedication and active participation within the hospitality community, further enriching his contributions to AAHOA as a lifetime member.
Andrew currently resides in Southern California with his wife of twelve years and their four children. In his free time, he is a passionate supporter of Arsenal FC and enjoys engaging in lively banter with friends and colleagues about their respective favorite sports teams.
Over the years, Andrew's vast knowledge of both hotel operations and investment strategy has established him as a trusted advisor to numerous families navigating the complexities of the hospitality market. His keen understanding of financing structures, coupled with his extensive network and insights into franchising, has been instrumental in successfully closing nearly $180 million in transactions.
Andrew plays a pivotal role in overseeing the strategic direction of The Bowman Post Group. His commitment to the industry extends beyond transactions, as he is also a co-founder of The Bowman Post Group Foundation, a 501(c)(3) organization dedicated to supporting the hospitality community. His additional role as a hotelier underscores his dedication and active participation within the hospitality community, further enriching his contributions to AAHOA as a lifetime member.
Andrew currently resides in Southern California with his wife of twelve years and their four children. In his free time, he is a passionate supporter of Arsenal FC and enjoys engaging in lively banter with friends and colleagues about their respective favorite sports teams.
About the Auction Technology
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Auction Contact
Sophy Cardenas
Contact
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1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Courtyard by Marriott Memphis | 3076 Kirby Pky
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