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Best Western Plus Galleria Inn & Suites 8635 US Highway 64 108 Room Hotel Memphis, TN 38133 $11,051,073 CAD ($102,325 CAD/Room)
Investment Highlights
- Exceptional visibility and accessibility near Interstate 40 and major Memphis arteries.
- Features include meeting space, business center, fitness center, and high-speed internet access.
- CMU-3 zoning allows adaptability for future redevelopment options.
- Positioned within a high-demand commercial corridor in the Cordova submarket.
- Located near regional shopping, restaurants, and key business hubs.
Executive Summary
Positioned along U.S. 64 within the Cordova submarket, this fully occupied hospitality property presents a rare acquisition opportunity in Memphis’ dynamic commercial landscape. Spanning 47,669 SF across 108 units, the Best Western Plus Galleria Inn & Suites combines steady income performance with growth potential in a high-traffic corridor just off I-40. Existing CMU-3 zoning enhances the asset’s versatility, ensuring long-term adaptability for future redevelopment or brand repositioning.
The property benefits from its strategic location within a thriving retail and lodging corridor, surrounded by national retailers, dining, and service amenities. Robust connectivity via nearby interstates ensures seamless access to downtown Memphis as well as the broader Memphis metropolitan area. For investors seeking an income-producing asset, this hotel boasts stabilized operations with 100% occupancy and an established brand presence for continued revenue reliability. This offering is ideal for investors looking to capitalize on Memphis’ hospitality sector and maintain strong portfolio performance in a market poised for sustained economic activity.
The property benefits from its strategic location within a thriving retail and lodging corridor, surrounded by national retailers, dining, and service amenities. Robust connectivity via nearby interstates ensures seamless access to downtown Memphis as well as the broader Memphis metropolitan area. For investors seeking an income-producing asset, this hotel boasts stabilized operations with 100% occupancy and an established brand presence for continued revenue reliability. This offering is ideal for investors looking to capitalize on Memphis’ hospitality sector and maintain strong portfolio performance in a market poised for sustained economic activity.
Property Facts
| Price | $11,051,073 CAD | Building Size | 47,669 SF |
| Price Per Room | $102,325 CAD | No. Rooms | 108 |
| Sale Type | Investment | No. Stories | 5 |
| Property Type | Hospitality | Year Built/Renovated | 1989/2017 |
| Property Subtype | Hotel | Parking Ratio | 1.16/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.71 AC | ||
| Zoning | CMU-3 | ||
| Price | $11,051,073 CAD |
| Price Per Room | $102,325 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.71 AC |
| Building Size | 47,669 SF |
| No. Rooms | 108 |
| No. Stories | 5 |
| Year Built/Renovated | 1989/2017 |
| Parking Ratio | 1.16/1,000 SF |
| Corridor | Interior |
| Zoning | CMU-3 |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 24 | $170.66 CAD | - |
| Guest Room | 84 | $155.27 CAD | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Property Taxes
| Parcel Number | 09-2007-0-0034 | Improvements Assessment | $2,948,818 CAD |
| Land Assessment | $651,538 CAD | Total Assessment | $3,600,356 CAD |
Property Taxes
Parcel Number
09-2007-0-0034
Land Assessment
$651,538 CAD
Improvements Assessment
$2,948,818 CAD
Total Assessment
$3,600,356 CAD
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Best Western Plus Galleria Inn & Suites | 8635 US Highway 64
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