Investment Overview

Marcus & Millichap is pleased to exclusively represent the opportunity to acquire fee-simple interest in the Comfort Inn Downtown Memphis. This 71-room hotel is being offered at $7,750,000 or 2.8 RRM and is being delivered unencumbered of Debt or management. The hotel is owned and managed by the original developer, who’s meticulously maintained the property since its construction. The Comfort Inn Memphis Downtown operates at a healthy $95.33 RevPAR and has a topline revenue of $2.8M+. Located in a high barrier to entry location downtown, this hotel has an incomparable rooftop pool with the best views of the Mississippi River, Memphis Bridge, Mud Island Park, and the Bass Pro Pyramid which provides the hotel a significant competitive advantage . The property is in walking distance from Memphis City Hall, the Renasant Convention Center, and the Bass Pro Pyramid. The hotel, constructed on top of a five-floor parking garage, benefits from additional parking revenue as well.