1471 E Brooks Rd | Memphis, TN 38116
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- LoopNet Team
1471 E Brooks Rd
Memphis, TN 38116
Travelodge by Wyndham Memphis Airport · Hospitality Property For Sale
·
185,100 SF
INVESTMENT HIGHLIGHTS
- Dad's Place legendary bar/restaurant (with Elvis Presley as a patron and Johnny Cash, Jerry Lee Lewis having performed there. Open back up F&B.
- Strategically located 1.6 miles to the city's two largest demand generators, the Memphis International Airport and the famous home of Elvis,Graceland.
- The hotel is offered unencumbered by management, and the new owner can continue under the Travelodge flag or look for other branding options.
- There is a strong local following, allowing a restarted food and beverage operation to generate income and help supercharge profitability.
- Excellent set of amenities: pool w/ bar, fitness center, 9 modulable conference space areas, lobby bar, restaurant and bar, and music stage.
- Huge discount to replacement cost with recent $1.8 million in structural capital expenditure, allowing a new owner to focus on strategic improvement.
PROPERTY FACTS
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 07-8003-A0-0053C | Improvements Assessment | $862,240 |
| Land Assessment | $402,600 | Total Assessment | $1,264,840 |
PROPERTY TAXES
Parcel Number
07-8003-A0-0053C
Land Assessment
$402,600
Improvements Assessment
$862,240
Total Assessment
$1,264,840
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