Property Overview

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.

Property Highlights

Asking Price$5,395,000
LocationMemphis Airport, Graceland, I-55
Property DescriptionFull Service
Number of Rooms240
Major Source of BusinessAirport, Retail, Corporate & Tourism
Site Size+/- 5.479 Acres
Year Built 1974
Last Year Renovated 2019
Common Area AmenitiesBreakfast Area, Bar, Restaurant, Outdoor Pool, Business Center, Guest Laundry, Meeting Space & Fitness Center