Historical Hotel & Motel Sale Listing - *Lender Liquidation* GOVERNOR'S INN & SUITES

Hotel & Motel For Sale

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*Lender Liquidation* GOVERNOR'S INN & SUITES

2940 Mt. Moriah Road, Memphis, TN 38117

N/A

194 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
194
Building Size:
107,130 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Distressed:
Yes
No. Stories:
4
Year Built:
1974
Corridor:
Interior
Lot Size:
3.35 AC
Listing ID
17055532
Last Updated
over 1 year ago

Utilities

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

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.

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

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Created 3/7/2011