This 124 guest room Tennessee hotel for sale is at a prime location in downtown Memphis. It is positioned on Union Avenue across from the Peabody Hotel and three blocks from north of Bale Street. This is an unencumbered hotel that allows for wide variety of market positioning possible through significant CapEx or gut renovation. However there are multiple brand options in the midscale and upper-upscale segments and also boutique affiliation is feasible. This fee-simple hotel for sale was originally built in 1983, and it has 3 floors. The select-service hotel also contains underground parking for guests.
Paramount Lodging Advisors (PLA) is a Global Hotel Advisory Team exclusively committed to the Hospitality Industry. We provide services that include Hotel Brokerage, Hotel Equity Raise, Hotel Financing, Hospitality Consulting and Hotel Asset Management. Our Hotel Brokers have completed over $3.2 Billion in hotel transactions. We have proven success in all hotel brokerage asset classes , having sold hotels from $94MM Resorts, to $50MM hotel note portfolios to $2MM Economy Service Hotels.