This Hotel & Motel Property is Off-Market.

2940 Mt. Moriah Road
Memphis, TN 38117 ·

194 Rooms · Hotel & Motel For Sale

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*Lender Liquidation* GOVERNOR'S INN & SUITES

Price N/A Distressed Yes
No. Rooms 194 No. Stories 4
Building Size 107,130 SF Year Built 1974
Property Type Hotel & Motel Corridor Interior
Property Sub-type Full Service Lot Size 3.35 AC
Property Use Type Investment
Listing ID: 17055532 Date Created: 03/07/2011 Last Updated: 01/26/2012

Description

*Lender*Liquidation*Lender Financing Available***
Terms: 35% down; 7% simple interest with 3 year term: principle and interest payments monthly with 20yr amort.
The Hotel is a U-shaped structure consisting of a four-story building. Amenities include 194 guest rooms, full-service restaurant and lounge, an outdoor swimming pool, fitness facility and approximately 4,421 square feet of meeting space. The Property is situated on approximately 3.35 acres and has a building size of approximately 107,130 square feet. The Hotel was built in two phases in 1974 and 1982.
List price is sold "As Is" no contingencies, buyer to verify sizes & data. See Terms & conditions. Financing available to qualified buyers. Call Tony DRE#01248708

The Governor' s Inn & Suites is conveniently located in the heart of East Memphis in the southeast quadrant of the intersection of Intersection 240 and Mt. Moriah Road.

Highlights

  • FINANCING AVAILABLE - CALL FOR DETAILS
  • BUILT 1974 & 1982
  • Restaurant 96 seat capacity & 22 seat capacity Lobby
  • Appro. 4,500SF of meeting space
  • Great REVPAR upside & potential

Research

2940 Mt. Moriah Road, Memphis, TN 38117 (Shelby County)

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