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The Point Hotel, Memphis, TN
Investment Highlights
- 70-Key Limited-Service Hotel in a Metro Memphis area with Value-Add Potential:This limited-service hotel In Memphis Metro offers an opportunity for Buyers, who want the balance of business and social life while achieving their financial goals, unincumbered of management and a franchise.
- A desirable Interior corridors hotel, and relatively young property, with an indoor pool and elevator, with 70 units – an ideal hotel for owner operator.
- Franchise and Renovation for ADR and Occupancy Uplift: Number of franchise companies may be interested in franchising this hotel. It is strongly desirable to have a franchise that Potential Buyer desires including Wyndham Hotels, Choice Hotels, Best Western Hotels, Sonesta Hotels and G6 Hospitality to name a few.
- Operational Upside in Demand-Rich Submarket: An Energetic Owner operator with renovations per new franchise will yield a significant boost to an average of $1.1 M revenue. The Northeast Memphis / I-40 area sees consistent demand from logistics, healthcare, and events. New owners may negotiate potential key money and a PIP to optimize the performance by the strength of renovation, franchising and new energy of the potential Owner operator.
- Solid Construction & Recent Capital Improvements: The property features wood-frame construction with a metal pitch roof, two A.O. Smith water heaters, and features a well-maintained HVAC system, with two of the three units newly installed. All guest rooms, common areas, and the exterior were fully repainted in 2023, and all guest room carpets were replaced in 2022, reducing near-term capital expenditure needs.
- Strategic Location in Metro Memphis: Interstate access to downtown, airports, and key employers supports diverse demand. Metro Memphis, a logistics hub with FedEx and major distribution, drives weekday occupancy.
- Motivated Seller: Absentee ownership will consider all offers submitted with Buyers qualifications such as proof of funds and experience in the Hospitality.
- Amenity Reinstatement & Ancillary Income Opportunity: Vending machines and guest laundry are currently operated by a third party, providing a clear opportunity for a new owner to install owner-owned equipment and capture additional ancillary revenue.
Get Pricing & Full Property Details
CALL FOR OFFERS
Due March 2nd, 2026
SUBMIT YOUR OFFERS NOW!
Listing Agent:
Suryakant (Suresh) Patel
Direct: 901-674-6105
Email: sureshipatel@moonrealtyusa.com
Tennessee License No: 293125
Visit the Crexi property listing page or Click below to request the Offering Memorandum and additional property details.