Property Tour and Contact Detail Information: Property tours are available by appointment on the below dates. Please schedule with either listing broker below: Wednesday, February 15th Thursday, February 16th Wednesday, March 1st Thursday, March 2nd Beau Mullenix at 314-568-7098 or bmullenix@paramountlodging.com Adam Montufar at 515-446-4181 or amontufar@paramountlodging.com Investment Highlights: * Fee simple interest in the privately owned and operated 88-room Fairfield Inn & Suites Memphis I-240 & Perkins * Offered unencumbered of management with ability to retain Fairfield Inn & Suites flag via long-term relicense * Compelling investment opportunity for purchaser seeking entry into Upper Midscale segmentation and/or Marriott brand family * Approximately $500,000 ($5,682/key) of capital improvements completed since 2015 * Adjacent to Interstate 240 and S. Perkins Road with upwards of 165,000 vehicles passing the location daily * Convenient to the Memphis area’s largest employers including FedEx Corp. headquarters, Methodist Le Bonheur Healthcare, and St. Jude Children’s hospital * Ideally situated in the heart of the Memphis MSA and proximate to all key regional demand drivers including Beale Street, Graceland, and Memphis International Airport Investment Overview: The Fairfield Inn & Suites Memphis I-240 & Perkins (the “Property” or “Subject Hotel”) features 88 well-appointed guest rooms, an outdoor pool, convenience shop, guest laundry facilities, fitness room, business center, complimentary breakfast and wireless Internet. Seller has recently completed or is in the process of completing key renovations at the Property including an expansion of the fitness facility, replacement of all guest room windows, painting of the exterior building, and a re-imaging of the front porte cochére. These seller updates will help in reducing the scope of improvements required of a new owner. Memphis, TN has a population of 655,770, making it the largest city in Tennessee and the 24th largest in the United States. Memphis is widely recognized as the birthplace of rock 'n' roll. It is also home to several iconic museums, numerous Fortune 500 companies, the world’s second busiest cargo airport, and the NBA’s Memphis Grizzlies. ***The Offering Memorandum may be requested through the brokerage team. Please inquire with the listing broker for more information.*** This property will be auctioned on Monday, March 13 - Wednesday, March 15 . The price displayed is the starting bid amount of $1,500,000. For information and to register to bid on this property, please visit Ten-X.com.