For Sale Subject To Offer
Property Type Other
Property Size 33,584 SF
Units 89
Lot Size 2.44 Acre
Year Built 2003
Date Updated Mar 6, 2024

Memphis is a city on the Mississippi River in southwest Tennessee, famous for the influential strains of blues, soul and rock ‘n’ roll that originated there. Elvis Presley, B.B. King and Johnny Cash recorded albums at the legendary Sun Studio, and Presley’s Graceland mansion is a popular attraction. Other music landmarks include the Rock ‘n’ Soul Museum, Blues Hall of Fame and Stax Museum of American Soul Music. More than just music, downtown Memphis features 30+ museums, galleries, and other attractions, including the National Civil Rights Museum and the Metal Museum. From historical sites to natural wonders, and vibrant nightclubs to quiet walking tours, this wonderfully diverse city has a little something for tourists and locals alike.Hilco Real Estate is pleased to present this newly renovated 89-room Holiday Inn Express & Suites located in the Southwind neighborhood of Memphis, TN. The property is located in southeast Memphis, just off Highway 385. Historical Revenues: 2019: $2,144,595 (70% Occ) 2021: $2,301,373 (70% Occ) 2022: $2,476,508 (76% Occ)

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Highlights

Newly renovated
89-room, 3-story hotel on 2.44 AC
Situated conveniently along Bill Morris Parkway between Interstates 240 & 269, just off Highway 385
Only one mile from the FedEx Int’l Headquarters & near the Southwind corporate area
Amenities include an outdoor pool, fitness center, meeting room, business center