127-Room Hyatt Place in Memphis, TN Available for Purchase

The 127-room Hyatt Place Memphis/Germantown hotel is available for purchase. The property is located in a prime area of Memphis and is unencumbered by debt and management.

JLL’s Hotels & Hospitality Group is offering the Hyatt Place Memphis/Germantown for sale. The hotel opened in 2009 and is situated near Poplar Avenue and Interstate 385. This location provides access to downtown Memphis, Methodist Le Bonheur Germantown Hospital, and Memphis International Airport.

Investment Opportunity

The hotel is institutionally owned and operated and is being sold without any existing debt or management obligations. Its RevPAR penetration index is over 125%. The business mix could be recalibrated to achieve a higher average daily rate (ADR) and maximize profit margins. A change of ownership property improvement plan (PIP) is expected to increase revenues.

Property Specifications

Number of Units: 127 – Year Built: 2009 – Building Area: 77,983 square feet – Land Area: 10.8 acres

Investment Highlights

Located in Memphis’s premier east submarket – Affiliated with the Hyatt brand – Unencumbered by management – High cash flow potential – Offered at a discount to replacement cost

Inquire at JLL.