PROPERTY OVERVIEW

Excellent Location Outside Downtown Memphis Near Numerous Attractions

The Fairfield Inn & Suites Memphis Southaven is situated off I-55, in close proximity to Southaven’s largest attractions, Memphis International Airport, and Downtown Memphis, just 15 miles from the Hotel. Adjacent to the Hotel, Baptist Memorial Hospital DeSoto is a 399-bed acute care facility treating over 65,000 patients annually. The Hospital boasts a highly accredited comprehensive heart program and is one of the region’s largest employers, with over 1,750 doctors and staff members. The Hotel is conveniently located near major retail destinations, including the Southaven Towne Center Mall (5 minutes away) and the Tanger Outlets Southaven (7 minutes away), the first and only outlet mall in the Memphis region. Within 10 minutes from the Hotel lies the Snowden Grove Park, a 200-acre complex for baseball, softball, and soccer, recognized as one of the largest youth baseball complexes in the United States. The park, with 17 baseball fields, hosts numerous leagues and tournaments throughout the year. The BankPlus Sports Center within the park offers indoor recreational options like a putt-putt course, soccer field, and batting cages. Additionally, the BankPlus Amphitheater at Snowden Grove, also located 12 minutes from the Hotel, is a 9,800-seat venue with an extra lawn area for 850 spectators. This amphitheater serves as a major concert and event venue, significantly impacting the economy by drawing in over 10,000 attendees on event days. Within a 20-minute drive from the Hotel are numerous attractions in Downtown Memphis, including Graceland, Beale Street Entertainment district, Memphis Rock ‘n’ Soul Museum, FedEx Forum, Orpheum Theatre, and AutoZone Park, among countless others. Memphis, Tennessee, stands as a premier tourist destination, attracting over 11 million visitors annually and generating more than $3.4 billion in annual economic impact for the city.

Offered Below Replacement Cost in a Prominent Distribution Hub

The Fairfield Inn & Suites Memphis Southaven is being offered at a discount to replacement cost in a prominent manufacturing and distribution hub. Southaven is home to key transportation hubs for FedEx, five class 1 railroad providers, the Port of Memphis, and UPS, enabling distributors to offer swift and precise product deliveries with more than 150 fulfillment centers in the area. The offering presents an opportunity to buy into an established market at an attractive basis.

Institutional Marriott Branded Asset

Fairfield Inn & Suites is one of the strongest select-service brands in the Marriott family. Premium branded assets have recovered from the COVID-19 Pandemic faster than the rest of the market due to their large rewards and reservation systems as well as name recognition. All Marriott properties are backed by the Marriott Bonvoy reward program, which boasts over 120 million members across 30 brands and more than 6,700 hotels worldwide.