Country Inn & Suites By Radisson,Wolfchase-Memphis
2270 N GERMANTOWN PKWY, Cordova, TN, 38016
8,750,000
Price
$745,019
NOI
8.51%
Cap Rate
$86,634
Price Per Key
101
Total Rooms
4.19
RRM
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8,750,000
Price
$745,019
NOI
8.51%
Cap Rate
$86,634
Price Per Key
101
Total Rooms
4.19
RRM
Investment Highlights
Listing price reduced to $8,750,000. 101 rooms. close to airport. major renovations done/
Property is priced at 4.2X RRM and under $87,000 per key.
2022 Revenue $1,783,906, 2023 Revenue $2,089,120. T-12 11111
Excellent traffic visibility off of N Germantown Pkwy. Located in Memphis area MSA.
1998 build, Three Stories, Interior Corridor Property with 101 guest rooms situated on over 2 acres in Cordova, Tennessee.
Recently renovated. Full PIP completed and Turnkey ready. Amenities include an outdoor pool, fitness center, business center, breakfast area, and over a 1,000 sqft of meeting rooms.
Location Summary
The Country Inn & Suites by Radisson, Wolfchase-Memphis, TN offers an ideal location just off I-40 in Cordova. Downtown Memphis’s top attractions are only 30 minutes away. There you can catch a game at the FedEx Forum or the AutoZone Park. The Wolfchase Galleria, Shelby Farms Park, and plenty of eateries are also all within a short distance of the hotel.
FOR MORE DETAILS CONTACT
Sheil Stampwala
Managing Director
(714) 242-8291
sheil@tshoteladvisors.com
CA 01859094
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