物业参观和详细联系方式:可通过预约看房。请联系上市经纪人安排投资概览:作为唯一的独家代理,Newmark Grubb Knight Frank酒店很高兴与Ten-X合作,做Memphis /东部的有62间客房Fairfield Inn&Suites酒店(“物业”或“酒店”)很高兴为客户提供费用低廉的酒店。 这栋三层内部有走廊的高级中档酒店设有62间客房,早餐区,室内游泳池,高速网络连接,健身中心,商务中心,自助停车场和客用洗衣设施。酒店由一家大型第三方管理公司管理。酒店近期经过翻新,状况良好,酒店收入仍在增加。酒店位于40号州际公路(12号出口),距离Germantown仅有5英里,距离田纳西州孟菲斯市中心以东仅16英里。距离孟菲斯大学(Memphis University)(约)五英里,是一个受欢迎的目的地,每年吸引超过一千万的游客。酒店距离Meeman-Shelby森林国家公园和Village Creek州立公园都不到5英里。酒店适合40岁以上的客人(Isaac Hayes Memorial Hwy)以及忠实的企业和政府帐户,为酒店提供一致的需求。孟菲斯市为参观该地区的客人提供多种娱乐,文化和艺术活动。截至2016年12月,酒店的收入表现约为120万美元。2016年,酒店的入住率,ADR和RevPAR分别为67%,78.52美元和52.49美元。
Property Tour and Contact Detail Information:
Property tours are available by appointment on the dates as shown below. Please contact the listing broker to schedule a tour of the property.
August 10th afternoon
August 11th morning
Investment Overview:
Newmark Grubb Knight Frank Hotels, as sole and exclusive agent, is pleased to present the fee simple interest in the 62-room Fairfield Inn & Suites in Memphis/East, TN (“Property” or “Hotel”) in partnership with Ten-X. The three- story, interior corridor, upper midscale Hotel features 62 guestrooms, breakfast area, indoor swimming pool, high speed internet, fitness center, business center, onsite self-parking, and guest laundry facilities. The Hotel is being managed by a large third party management company. Recently renovated and in excellent condition, the Hotel is still ramping up its revenues.
The Hotel is located off Interstate 40 (Exit 12), only 5 miles from Germantown, and just 16 miles east of downtown Memphis, Tennessee. It is also conveniently located 5 miles from the University of Memphis, a popular destination that attracts over 10 million annual visitors. Meeman-Shelby Forest State Park and Village Creek State Park are both less than 5 miles from the Hotel. The Property caters to guests traveling Interstate 40 (Isaac Hayes Memorial Hwy) along with loyal corporate and government accounts that provides consistent demand for the Hotel. The City of Memphis provides several recreational, cultural and arts activities for guests visiting the area.
The Hotel offers top line revenue performance of approximately $1.2 million as of December 2016. For 2016, the Hotel had an Occupancy, ADR, and RevPAR of 67%, $78.52, and $52.49 respectively. In 2017, the Hotel continues to ramp up. Its affiliation with Marriott and associated guest loyalty program gives it a strong competitive advantage and makes the Hotel an attractive acquisition opportunity. The Hotel will qualify for a long term franchise agreement with Marriott.
Currently operating at a RevPAR of $49.36 with an index of 146.1%, the Hotel is 2nd in the market within its competitive set as of April 2017 YTD. In terms of occupancy the Hotel is first within its competitive set as of April 2017 YTD performing at 63.6% with an index of 141.2%.
This is the perfect opportunity become a part of the Marriott franchise at a significant discount to replacement cost with significant revenue potential in a Hotel that is located within the Memphis Market.
For more information about this investment opportunity please contact the brokerage team below:
Bhavesh (B.J.) Patel, CHA
Senior Managing Director
Newmark Knight Frank Hotels
T 770.552.2450
M 404.441.8795
bpatel@ngkf.com
Normann Hauck, MBA
Associate, Hotel Investment Sales
Newmark Grubb Knight Frank Hotels
T 770.552.2407
F 404.806.2722
M 706.499.2575
nhauck@ngkf.com
Property Listed By: Bert Sanders/ Newmark Grubb Knight Frank / TN RE Lic No: 286198 / 770-552-2400 This property will be auctioned on Monday, August 21 - Wednesday, August 23 . The price displayed is the starting bid amount of $1,125,000. For information and to register to bid on this property, please visit Ten-X.com.