Memphis Northeast near I-40 2855 Old Austin Peay Hwy 70 Room Hotel Memphis, TN 38128 For Sale

CALL FOR OFFERS
Deadline to Submit the Offer – March 2nd, 2026
HIGHLY CONFIDENTIAL. ALL appointments must be scheduled with the Broker.
To schedule a Tour, Contact Suresh Patel at 901-674-6105.
Discover The Point Hotel, a 70-key independent limited-service hotel offering exceptional value-add potential in the heart of Metro Memphis' Northeast I-40 corridor. Strategically positioned at 2855 Old Austin Peay Highway, this 3-story property boasts interior corridors, an elevator, indoor pool, and a metal pitch roof, spanning 21,012 square feet on a 1.23-acre lot. Originally constructed in 2000 as a Sleep Inn and later operated as a Quality Inn, it was recently deflagged in December 2025, providing buyers with full flexibility to rebrand with a preferred franchise such as Wyndham, Choice, Best Western, Sonesta, or G6 Hospitality—many of which have expressed interest and may offer incentives or key money for renovations.
As an absentee-owned operation with a full staff in place for a seamless transition, the hotel has delivered consistent performance, generating an average annual room revenue of approximately $1.1 million from 2023 to 2025. Recent 2025 STR metrics highlight strong fundamentals with 65.44% occupancy, $54.99 ADR, and $35.98 RevPAR, underscoring upside opportunities through targeted refreshes, revenue management, and operational efficiencies. Recent capital improvements, including full interior/exterior painting in 2023, guest room carpet replacement in 2022, and ongoing room and common-area updates, minimize near-term capex needs while positioning the asset for ADR and occupancy growth.
Nestled in a demand-rich submarket fueled by logistics giants like FedEx's world headquarters (just 10 miles away), Nike distribution centers, and the expanding Millington/Blue Oval City Ford Plant, the property benefits from recurring corporate and supplier travel. Additional drivers include regional attractions such as Shelby Farms Park (4 miles), Memphis Zoo (10 miles), FedExForum, Liberty Stadium, St. Jude Children's Research Hospital, and major events like Memphis in May. Convenient access to I-40, Memphis International Airport (11.5 miles), and a wealth of nearby amenities—including fast-casual dining (McDonald's, Wendy's, Chick-fil-A), retail (Walmart Supercenter, AutoZone), and gas stations (Marathon, Exxon)—ensures appeal for business, leisure, and value travelers in this 1.3 million-population MSA.
Ideal for hands-on owner-operators or investors seeking a balanced lifestyle in a logistics-heavy urban market, The Point Hotel is sold "as-is" with robust growth prospects. Motivated seller considering all qualified offers—submit your Letter of Intent, resume, and proof of funds by March 2, 2026. Financing available for eligible buyers; contact Parag Patel at 732-801-8187 or parag@moonrealtyusa.com. Schedule tours through listing broker Suresh Patel at 901-674-6105 (do not contact hotel staff directly).
Investment Highlights
Prime Value-Add Opportunity in Metro Memphis: 70-key limited-service hotel in a high-demand Northeast I-40 location, offering unencumbered operations for owner-operators balancing business stability and lifestyle in a 1.3M-population MSA driven by logistics, healthcare, and events.
Franchise Flexibility and Uplift Potential: Recently deflagged for rebranding with interested franchisors like Wyndham, Choice, Best Western, Sonesta, or G6 Hospitality; potential key money and PIP support to boost ADR, occupancy, and revenue beyond the current $1.1M annual average.
Strong Operational Upside: Absentee-owned with full staff for smooth handover; opportunities in revenue management, rate increases, channel optimization, cost savings, and owner-operated amenities (e.g., vending and guest laundry) to capture ancillary income and elevate performance from 2025 STR metrics (65.44% occ, $54.99 ADR, $35.98 RevPAR).
Recent Capital Improvements Reduce Capex: Wood-frame construction with metal pitch roof, two A.O. Smith water heaters, and well-maintained HVAC system (two of three units newly installed); full repaint (2023), carpet replacement (2022), and active refreshes minimize immediate needs while enabling targeted enhancements.
Diversified Demand Generators: Proximity to FedEx hub, Nike, Millington/Blue Oval City expansion for corporate travel; supported by University of Memphis, St. Jude Hospital, Shelby Farms Park, FedExForum, and attractions like Beale Street—driving weekday business and weekend leisure occupancy.
Strategic Location and Accessibility: Easy I-40 access to downtown (15 min), airport (20 min), and highways; surrounded by retail (Walmart, Walgreens), dining (McDonald's, Starbucks), and essentials in a safe, gated property ideal for transient and logistics guests.
Motivated Seller and Financing Options: Sold "as-is" with all offers considered from qualified buyers (proof of funds and hospitality experience required); financing available through Parag Patel for seamless acquisition in this growing submarket.