The four-story Travelodge Hotel is located near the expanding Memphis Airport, Federal Express Headquarters and Graceland (Elvis Presley Estates) in Memphis, TN. The hotel contains 240 guest rooms (215 operating), has completed a recent, $1.78 million dollar renovation upgrade, and has meeting and food and beverage space. The Travelodge license terminates in the Spring of 2020, with Red Lion, Choice and Best Western options available. Attractive pricing for this value-add opportunity.
|Location||Memphis Airport, Graceland, I-55|
|Property Description||Full Service|
|Number of Rooms||240|
|Major Source of Business||Airport, Retail, Corporate & Tourism|
|Site Size||+/- 5.479 Acres|
|Last Year Renovated
|Common Area Amenities||Breakfast Area, Bar, Restaurant, Outdoor Pool, Business Center, Guest Laundry, Meeting Space & Fitness Center|