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Home 1 Extended Stay Hotel - Memphis 4300 American Way 121 Room Serviced Apartment Memphis, TN 38118 $5,862,864 CAD ($48,453 CAD/Room)
INVESTMENT HIGHLIGHTS
- 120 Rooms
- 3 Stories
- Bank Financing Available
- Exterior Corridor, Lot Size: 2.21 acres
- Roof was Replaced in 2018
- This Facility has also a Licensed Convenience Store located inside of the Hotel which produces Additional Income Stream
EXECUTIVE SUMMARY
Hotel performing at high occupancy without any major brand affiliation. Home 1 Extended Stay Hotel in Memphis TN Hotel has Kitchenettes: Microwave, two burner stove top, and refrigerator. Security 24 Hour, Guest Laundry Room, Free High Speed Internet and many other amenities. Several National Franchise Conversion Brands Available. Great upside potential for Owner Operator. Brand New Roof with Warranty Installed May 2018.
Home 1 Extended Stay Suites - Memphis is located near close proximity all demand generators. Stax Museum of American Soul Music is 7 miles from the hotel. Brown Park is 8 miles from Home 1 Extended Stay, while Sun Studio is 8 miles away. The nearest airport is Memphis International Airport, 3.7 miles from the property.
Location Highlights1. Proximity to Key Highways: Conveniently located near Interstate I-240, providing easy access to major routes in and out of Memphis. Close to Interstate 40, connecting clients to the broader region.
2. Nearby Attractions:Pink Palace Museum - 4.1 milesMemphis Museum - 4.2 milesElvis Presley's Graceland - 6 milesMemphis Brooks Museum of Art - 6 miles
Liberty Bowl Memorial Stadium - 6 miles
Graceland - 8 miles
Memphis Zoo - 8 miles
3. Access to Dining and Shopping: American Way - less than a mile and Southland Mall - 10 miles
4. Proximity to Memphis International Airport: Only 7 miles from the hotel.
5. Business and Industrial Hubs: Located near several business parks and industrial areas. FedEx Headquarters - 13 miles
6. Public Transportation: Easily accessible by public transit, with bus stops located within walking distance.
7. Healthcare Facilities: Regional One Health - 9 miles
8. Cultural and Entertainment Venues: Beale Street - 10 miles and National Civil Rights Museum - 12 miles
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.
Home 1 Extended Stay Suites - Memphis is located near close proximity all demand generators. Stax Museum of American Soul Music is 7 miles from the hotel. Brown Park is 8 miles from Home 1 Extended Stay, while Sun Studio is 8 miles away. The nearest airport is Memphis International Airport, 3.7 miles from the property.
Location Highlights1. Proximity to Key Highways: Conveniently located near Interstate I-240, providing easy access to major routes in and out of Memphis. Close to Interstate 40, connecting clients to the broader region.
2. Nearby Attractions:Pink Palace Museum - 4.1 milesMemphis Museum - 4.2 milesElvis Presley's Graceland - 6 milesMemphis Brooks Museum of Art - 6 miles
Liberty Bowl Memorial Stadium - 6 miles
Graceland - 8 miles
Memphis Zoo - 8 miles
3. Access to Dining and Shopping: American Way - less than a mile and Southland Mall - 10 miles
4. Proximity to Memphis International Airport: Only 7 miles from the hotel.
5. Business and Industrial Hubs: Located near several business parks and industrial areas. FedEx Headquarters - 13 miles
6. Public Transportation: Easily accessible by public transit, with bus stops located within walking distance.
7. Healthcare Facilities: Regional One Health - 9 miles
8. Cultural and Entertainment Venues: Beale Street - 10 miles and National Civil Rights Museum - 12 miles
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.
PROPERTY FACTS
| Price | $5,862,864 CAD | Building Size | 48,347 SF |
| Price Per Room | $48,453 CAD | No. Rooms | 121 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1987 |
| Property Subtype | Serviced Apartment | Tenancy | Single |
| Building Class | C | Parking Ratio | 4.14/1,000 SF |
| Lot Size | 2.21 AC | Corridor | Exterior |
| Zoning | CP - Commercial | ||
| Price | $5,862,864 CAD |
| Price Per Room | $48,453 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Serviced Apartment |
| Building Class | C |
| Lot Size | 2.21 AC |
| Building Size | 48,347 SF |
| No. Rooms | 121 |
| No. Stories | 3 |
| Year Built | 1987 |
| Tenancy | Single |
| Parking Ratio | 4.14/1,000 SF |
| Corridor | Exterior |
| Zoning | CP - Commercial |
AMENITIES
- Balcony
- Pool
- High Speed Internet Access
- Public Access Wifi
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 121 | $80.96 CAD | - |
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PROPERTY TAXES
| Parcel Number | 07-3022-0-0325 | Improvements Assessment | $972,604 CAD |
| Land Assessment | $270,904 CAD | Total Assessment | $1,243,508 CAD |
PROPERTY TAXES
Parcel Number
07-3022-0-0325
Land Assessment
$270,904 CAD
Improvements Assessment
$972,604 CAD
Total Assessment
$1,243,508 CAD
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Home 1 Extended Stay Hotel - Memphis | 4300 American Way
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