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160 Union AveMemphis, TN 38103
Holiday Inn Memphis Downtown Beale Street
Asset ClassHotel & Hospitality
overview of deal

Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Holiday Inn Memphis Downtown Beale Street (‘Hotel’ or ‘Property’) located in Memphis, Tennessee. The hotel is being offered on a “call for offers” basis. Please reach out to the listing agent for more information.

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Investment Highlights

The Holiday Inn Memphis Downtown Beale Street is a 192-room, 13- story Hotel stationed at 160 Union Ave, Memphis, TN 38103. Various common area amenities at the property include an on-sire bar and restaurant, business center, fitness center, and four meeting event spaces, totaling 6,880 square feet.

Key Financials

OCCUPANCY
ADR
REVPAR
TOTAL REVENUE
2023
39.6%
$145.78
$57.67
$4,741,894
2024
22.6%
$133.74
$30.23
$2,204,329
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160 Union AveMemphis, TN 38103

Sales Team

Chris GomesExecutive Managing Director Investments(972) 786-2719chris.gomes@marcusmillichap.com
Jody McKibbenTN Broker of Record

License #: Lic #: 307629

(615) 997-2900

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Listing provided by Revere CRE