Kishan Gohel of NewGen Advisory is pleased to present the sale of the Millington Inn, a 48-room exterior corridor hotel in Millington, Tennessee, located just 15 minutes north of Memphis along US Highway 51. Built in 1950, the property sits on 1.57 acres and features over 22,000 square feet, including a three-bedroom, two-bath owner’s quarters attached to the lobby—ideal for an owner-operator. The property received a new roof in 2023 as part of recent capital improvements.

The Millington Inn offers a strong value-add opportunity, with only 25 of the 48 rooms currently in operation, allowing significant upside through increased occupancy and improved management. The property is also positioned to benefit from the $60 million redevelopment of the former Memphis International Raceway into Darana Motorsports Park Millington, located approximately 7.4 miles away and scheduled to open October 15–18, 2026, which is expected to drive increased lodging demand. Combined with its Opportunity Zone location and proximity to key demand drivers, the asset presents an attractive investment for a hands-on buyer.