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Hotel-Motel

Fairfield Inn & Suites Memphis I-240

4760 Showcase Blvd, Memphis, TN 38118

Listing Price: Request For Offer

Number of Rooms
86
RevPAR
$39
Gross SF
45,000
Year Built
1999

Investment Overview

Marriott Branded Asset: The Fairfield Inn & Suites is an 86-room, upper-midscale hotel, built in 1999.

Marriott Franchise License: A new owner/operator will have the opportunity to acquire a Marriott property with approximately 12 years remaining on the license, expiring in December 2032.

Diverse Demand Generators: The hotel is positioned near many diverse demand generators such as the FedEx SuperHub, Graceland, and the University of Memphis.

Significant Discount to Replacement Cost: The asset is being auctioned on Ten-X.com and is expected to trade at a discount to replacement cost.

Prime Location: The property is located with excellent accessibility along Interstate 240, only five miles from the Memphis International Airport, and four miles from the University of Memphis. This allows the hotel to capitalize on the lodging demand from students and business travelers.

Recently Renovated: The hotel has undergone approximately $1.5 million in renovations and can expect minimal Change of Ownership PIP due at transfer.

Investment Highlights

  • 86-Room, Upper-midscale Hotel, Built in 1999
  • The Hotel is Positioned near the FedEx SuperHub and Graceland
  • 12 Years Remaining on the Marriott License
  • Hotel has Undergone Approx. $1.5M in Renovations

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

Hotel-Motel

Fairfield Inn & Suites Memphis I-240

Listing Price: Request For Offer

Number of Rooms
86
RevPAR
$39
Gross SF
45,000
Year Built
1999

Investment Highlights

  • 86-Room, Upper-midscale Hotel, Built in 1999
  • The Hotel is Positioned near the FedEx SuperHub and Graceland
  • 12 Years Remaining on the Marriott License
  • Hotel has Undergone Approx. $1.5M in Renovations

Investment Overview

Marriott Branded Asset: The Fairfield Inn & Suites is an 86-room, upper-midscale hotel, built in 1999.

Marriott Franchise License: A new owner/operator will have the opportunity to acquire a Marriott property with approximately 12 years remaining on the license, expiring in December 2032.

Diverse Demand Generators: The hotel is positioned near many diverse demand generators such as the FedEx SuperHub, Graceland, and the University of Memphis.

Significant Discount to Replacement Cost: The asset is being auctioned on Ten-X.com and is expected to trade at a discount to replacement cost.

Prime Location: The property is located with excellent accessibility along Interstate 240, only five miles from the Memphis International Airport, and four miles from the University of Memphis. This allows the hotel to capitalize on the lodging demand from students and business travelers.

Recently Renovated: The hotel has undergone approximately $1.5 million in renovations and can expect minimal Change of Ownership PIP due at transfer.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

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