1280 W Poplar Ave | Collierville, TN 38017
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1280 W Poplar Ave
Collierville, TN 38017
Hampton Inn Memphis/Collierville · Hospitality Property For Sale
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52,224 SF
INVESTMENT HIGHLIGHTS
- Fee-simple interest in the 92-room, institutionally-owned and third-party managed Hampton Inn offered at a fraction of replacement cost.
- Offered unencumbered of management or debt with the ability to retain the Hilton flag with a new long-term license agreement.
- Minimal PIP anticipated with $2MM of completed renovation work in recent years.
- Property offered for individual sale in the May 3rd Ten-X auction event.
- In-place +100 RevPAR and strong in-place walk-in yield.
- Adjacent to US-385 and US-72 with upwards of 26,500 vehicles passing the location daily and readily accessible to heavily trafficked I-269 and I-240.
PROPERTY FACTS
| Sale Condition | Auction Sale | No. Stories | 3 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 1997/2005 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.91/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.62 AC | Parcel Number | C0-244A-00-309C |
| Building Size | 52,224 SF | ||
| Zoning | SCC | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.62 AC |
| Building Size | 52,224 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1997/2005 |
| Tenancy | Single |
| Parking Ratio | 1.91/1,000 SF |
| Corridor | Interior |
| Zoning | SCC |
| Parcel Number | C0-244A-00-309C |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Digital key
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