Economy Hotel Portfolio - Memphis

For Sale

3896 Lamar Ave, Memphis, TN 38118

This Memphis property for sale is located at 3896 Lamar Ave. Contact the listing broker for details on the current sale price for Economy Hotel Portfolio - Memphis.

Contacts

broker
Jeremy Cabe

Avison Young - US - GA - Atlanta

broker
Christopher Kilcullen

Avison Young

broker
Keith Thompson

Avison Young

broker
Matt Wilkins

Avison Young - US - GA - Atlanta

Property Details

  • Property Type Other
  • Units 175
  • Additional Rent Contact for pricing
  • Date Updated Dec 17, 2024

Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Portfolio - Memphis totaling 175 rooms. The properties are being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire a regionally concentrated hotels with existing in-place cash flow. The properties is located in the greater Memphis MSA.  

The properties in the portfolio are currently providing existing cash flow with ample room to grow at all properties. A new owner will have the opportunity to further drive revenue through a variety of strategies.

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Highlights

  • Two properties totaling 175 guestrooms
  • Independently branded economy hotels
  • Sold unencumbered of debt & management
  • Discount to replacement cost
  • In-place cash flow

Getting around

  • 17/100

    Walk Score ®

  • 32/100

    Transit Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Memphis, TN
  • Neighborhood Oakville
  • Zip Code 38118
  • Market Memphis

Points of Interest

  • Cleveland Street

    7.33 miles

  • Pauline

    7.83 miles

  • Dunlap

    7.97 miles

  • Orleans

    8.21 miles

  • Danny Thomas

    8.54 miles

  • Central Station

    8.75 miles

  • Third Street

    8.83 miles

  • Butler

    8.83 miles

  • Huling

    8.87 miles

  • Valero

    1.30 miles

  • BP

    1.82 miles

  • Marathon

    2.33 miles

  • Shell

    2.82 miles

  • Exxon

    2.83 miles

  • Mapco

    2.92 miles

  • Sunoco

    3.10 miles

  • ChargePoint

    4.39 miles

  • Tesla Supercharger

    4.99 miles

  • Democrat Tug Lot

    2.10 miles

  • East Lot

    2.74 miles

  • Parking Garage & Rental Car Facility

    2.87 miles

  • Cell Phone Lot

    2.90 miles

  • Parking Garage

    2.90 miles

  • Economy Parking West Lot

    2.96 miles

  • Assure Truck Parking

    3.09 miles

  • Tennessee Welcome Center

    4.19 miles

  • Deloach Parking Garage

    4.38 miles

  • Real Value Inn

    0.00 miles

  • Inland Suites Lamar

    0.13 miles

  • Relax Inn - Lamar Ave

    0.31 miles

  • Budget Inn

    0.37 miles

  • Crown Inn

    0.40 miles

  • Americas Best Value Inn/Memphis Airport

    1.21 miles

  • Americas Best Value Inn & Suites

    1.28 miles

  • Comfort Inn & Suites Airport - American Way

    1.29 miles

  • Southeast Motel

    1.33 miles

  • Home 1 Extended Stay

    1.38 miles

  • ALDI

    1.81 miles

  • Asiana Market

    3.98 miles

  • Walmart Neighborhood Market

    4.04 miles

  • Superlo Foods

    4.13 miles

  • Hickory Ridge Mall

    4.14 miles

  • Target

    4.15 miles

  • Dillard's Men Children & Home

    4.16 miles

  • Oak Court Mall

    4.16 miles

  • Kroger

    4.16 miles

  • Macy's

    4.18 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Economy Hotel Portfolio - Memphis