The Courtyard Memphis Collierville is strategically located within a thriving retail hub at Carriage Crossing. This premier shopping destination is home to more than 65 renowned national retailers, select local boutiques, and specialty dining establishments, all walking distance from the Hotel. Driving corporate demand is the FedEx World Technology Center, which spans 118 acres and houses 20 divisions with 3,000 IT employees. The facility is located a brief five-minute drive from the Hotel. Additionally, seven minutes from the Hotel is the Mike Rose Soccer Complex, which features 16 soccer fields and a 2,500-capacity stadium sprawled across 136 acres. This complex serves as a prominent attraction for travel sports teams and hosts significant regional tournaments throughout the year. Furthermore, the Hotel is conveniently located within 20 miles from Memphis, housing key establishments such as FedEx Global Headquarters, AutoZone Corporate Headquarters, Elvis Presley’s Graceland, Beale Street, Memphis Zoo, and the Memphis Music Hall of Fame. Located in the Greater Memphis Area, Blue Oval City is Ford’s new $5.8 billion, 3,600-acre mega campus that will include a vehicle assembly plant, battery production facility, and supplier park when fully operational in 2025.

Ownership recently completed a comprehensive renovation of the Hotel in Q4 2023. Major capital improvements include all common space including the lobby, bar, fitness center, and two meeting rooms. In addition to HVAC upgrades, each of the 131 guest rooms were upgraded with all new soft goods that represented a capital investment of more than $2.9M. These improvements will allow new ownership to benefit from invested capital that has not yet been realized by the current owner. 

The Courtyard Memphis Collierville is being offered at a discount to replacement cost. According to the 2023 HVS U.S. Hotel Development Cost Survey, the national average construction cost of a select-service hotel similar to a Courtyard is approximately $290,000 per key. The offering presents an opportunity to buy a recently renovated asset at an attractive basis.