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Hotel-Motel

Radisson West Memphis

2007 S Service Rd, West Memphis, AR 72301

Listing Price: $15,500,000

Cap Rate
6.32%
Number of Rooms
121
RevPAR
$66
Gross SF
130,928
Price/Room
$128,099
RRM
5.34
Price/Gross SF
$118.39
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 121-unit, Radisson West Memphis, located in West Memphis, Arkansas. The subject property is situated on 3.74 acres and features 4 floors of well-maintained guest rooms. The well-appointed property was recently renovated and is offered with a minimal property improvement plan expected for a new investor. Premium amenities at the hotel include 7,000 SF of meeting rooms and banquet facilities fully equipped to host corporate meetings and special events. Common area amenities include complimentary breakfast, 24-hour front desk, business center with fax & photocopy machines, free on-site parking, dry cleaning and laundry facilities, outdoor swimming pool, and fitness center. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with Chair, in-room coffee & tea maker, refrigerator, hairdryer, and private bathroom. Select studio style guest rooms offer a kitchenette for an added convenience for guests during their stay, The Radisson is ideally located in West Memphis along I-40 and I-50 with close proximity to all nearby demand generators. Downtown Memphis is located 7 miles away and boasts plenty of attractions for visitors along with restaurants, retail, and more. Multiple medical centers are located within 15 miles nearby including St. Jude Children’s Research Hospital, Regional One Health, Baptist Memorial Hospital-Crittenden, The University of Tennessee Health, Memphis VA Medical Center, and Le Bonheur Children's Hospital. The Memphis, Tennessee area is home to many museums including the National Civil Rights Museum, Memphis, Memphis Brooks Museum of Art, Children’s Museum of Memphis, Stax Museum of American Soul Music, Metal Museum, and Memphis Rock n’ Soul Museum. Other attractions in the area include the Memphis Zoo, Mississippi Riverwalk, Southland Casino, Bass Pro Observation Desk, and Memphis Music Hall of Fame. Memphis is home to the Redbirds, a minor league baseball team who plays at the AutoZone park which also hosts a variety of entertainment events throughout the year. The Memphis metro area features many colleges including, but not limited to University of Memphis, Rhodes College, Baptist Health Sciences University, and LeMoyne-Owen College. The Memphis International Airport, 17.3 miles away, recently underwent a $245 million expansion adding a new terminal featuring 23 gates, restaurants, and retail, which has the potential to increase traf?c by 50% from its current numbers.

Investment Highlights

  • Fee Simple Interest in the 121-Unit, Radisson West Memphis, Located in West Memphis, Arkansas
  • Newly Renovated | Minimal PIP Expected for a New Investor
  • Located Directly off I-40 and I-55 | Close Proximity to All Demand Generators
  • Downtown Memphis, 7.2 Miles Away, was Ranked by Times Magazines , in 2021, as One of The "World's Greatest Places"
  • FedEx Corporate Headquarters are Located in Memphis and is the Largest Employer in the Metro Area
  • Major Demand Generators | Memphis Zoo, Stax Museum of American Soul Music, Graceland Mansion, Beale Street, Memphis Rock n' Soul Museum, and Shelby Farms Park
  • Memphis International Airport, 17.3 Miles Away, Recently Underwent a $245 Million Expansion Adding a New Terminal with 23 Gates, Restaurants, and Retail
  • Medical Centers | St. Jude's Children's Research Hospital, Regional One Health, The Univeristy of Tennessee Health, Memphis VA Medical Center, Le Bonheur Children's Hospital

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Hotel-Motel

Radisson West Memphis

Listing Price: $15,500,000

Cap Rate
6.32%
Number of Rooms
121
RevPAR
$66
Gross SF
130,928
Price/Room
$128,099
RRM
5.34
Price/Gross SF
$118.39
Year Built
2021

Investment Highlights

  • Fee Simple Interest in the 121-Unit, Radisson West Memphis, Located in West Memphis, Arkansas
  • Newly Renovated | Minimal PIP Expected for a New Investor
  • Located Directly off I-40 and I-55 | Close Proximity to All Demand Generators
  • Downtown Memphis, 7.2 Miles Away, was Ranked by Times Magazines , in 2021, as One of The "World's Greatest Places"
  • FedEx Corporate Headquarters are Located in Memphis and is the Largest Employer in the Metro Area
  • Major Demand Generators | Memphis Zoo, Stax Museum of American Soul Music, Graceland Mansion, Beale Street, Memphis Rock n' Soul Museum, and Shelby Farms Park
  • Memphis International Airport, 17.3 Miles Away, Recently Underwent a $245 Million Expansion Adding a New Terminal with 23 Gates, Restaurants, and Retail
  • Medical Centers | St. Jude's Children's Research Hospital, Regional One Health, The Univeristy of Tennessee Health, Memphis VA Medical Center, Le Bonheur Children's Hospital

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 121-unit, Radisson West Memphis, located in West Memphis, Arkansas. The subject property is situated on 3.74 acres and features 4 floors of well-maintained guest rooms. The well-appointed property was recently renovated and is offered with a minimal property improvement plan expected for a new investor. Premium amenities at the hotel include 7,000 SF of meeting rooms and banquet facilities fully equipped to host corporate meetings and special events. Common area amenities include complimentary breakfast, 24-hour front desk, business center with fax & photocopy machines, free on-site parking, dry cleaning and laundry facilities, outdoor swimming pool, and fitness center. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with Chair, in-room coffee & tea maker, refrigerator, hairdryer, and private bathroom. Select studio style guest rooms offer a kitchenette for an added convenience for guests during their stay, The Radisson is ideally located in West Memphis along I-40 and I-50 with close proximity to all nearby demand generators. Downtown Memphis is located 7 miles away and boasts plenty of attractions for visitors along with restaurants, retail, and more. Multiple medical centers are located within 15 miles nearby including St. Jude Children’s Research Hospital, Regional One Health, Baptist Memorial Hospital-Crittenden, The University of Tennessee Health, Memphis VA Medical Center, and Le Bonheur Children's Hospital. The Memphis, Tennessee area is home to many museums including the National Civil Rights Museum, Memphis, Memphis Brooks Museum of Art, Children’s Museum of Memphis, Stax Museum of American Soul Music, Metal Museum, and Memphis Rock n’ Soul Museum. Other attractions in the area include the Memphis Zoo, Mississippi Riverwalk, Southland Casino, Bass Pro Observation Desk, and Memphis Music Hall of Fame. Memphis is home to the Redbirds, a minor league baseball team who plays at the AutoZone park which also hosts a variety of entertainment events throughout the year. The Memphis metro area features many colleges including, but not limited to University of Memphis, Rhodes College, Baptist Health Sciences University, and LeMoyne-Owen College. The Memphis International Airport, 17.3 miles away, recently underwent a $245 million expansion adding a new terminal featuring 23 gates, restaurants, and retail, which has the potential to increase traf?c by 50% from its current numbers.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

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