Economy Hotel Portfolio - Tennessee
Two Properties | Memphis & Covington
Portfolio Overview
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.
Portfolio Highlights
Two properties totaling 175 guestrooms
Independently branded economy hotels
Sold unencumbered of debt & management
Discount to replacement cost
In-place cash flow
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Brokerage Team

Christopher Kilcullen

Matt Wilkins
Senior Hospitality Broker
Avison Young - US - GA - Atlanta
+1.706.280.8020

Jeremy Cabe
Associate Broker / Marketing
Avison Young - US - GA - Atlanta
478-394-2990
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