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Economy Hotel Portfolio - Tennessee 2 Hospitality Properties Offered at $4,466,944 CAD in Multiple Locations
INVESTMENT HIGHLIGHTS
- The Portfolio is comprised solely of 2 independently branded economy hotels in Memphis and Covington, Tennessee.
- In Place Cash Flow
- Unencumbered by debt and management
EXECUTIVE SUMMARY
Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Tennessee Portfolio totaling 175 guestrooms. The Portfolio is being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire a regionally concentrated Portfolio of economy hotels. The Portfolio contains two hotels in Tennessee and is comprised entirely of an independent brand
The Portfolio is being offered fully unencumbered of existing management or debt, allowing for a new owner to come in with fresh capital and an opportunity to retool the property-level operations and is comprised solely of independently branded economy hotels in Memphis and Covington, Tennessee.
The Portfolio is being offered fully unencumbered of existing management or debt, allowing for a new owner to come in with fresh capital and an opportunity to retool the property-level operations and is comprised solely of independently branded economy hotels in Memphis and Covington, Tennessee.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $4,466,944 CAD | Number of Properties | 2 |
| Price / SF | $52.39 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 85,260 SF |
| Status | Active | Total Land Area | 5.15 AC |
| Price | $4,466,944 CAD |
| Price / SF | $52.39 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 85,260 SF |
| Total Land Area | 5.15 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Economy Hotel Covington
112 Highway 51 N, Covington, TN 38019 |
Hospitality | 14,638 SF | 1944 | - |
|
Economy Hotel Memphis
3896 Lamar Ave, Memphis, TN 38118 |
Hospitality | 70,622 SF | 1972 | - |
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CONTACTS
-
Mihir Chokshi -
Matt Wilkins -
Jeremy Cabe -
Keith Thompson -
Avison Young Hotel Group
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Economy Hotel Portfolio - Tennessee
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