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127-Room Hyatt Place in Memphis, TN Available for Purchase – Image Credit JLL
The 127-room Hyatt Place Memphis/Germantown hotel is available for purchase. The property is located in a prime area of Memphis and is unencumbered by debt and management.
JLL’s Hotels & Hospitality Group is offering the Hyatt Place Memphis/Germantown for sale. The hotel opened in 2009 and is situated near Poplar Avenue and Interstate 385. This location provides access to downtown Memphis, Methodist Le Bonheur Germantown Hospital, and Memphis International Airport.
Investment Opportunity
The hotel is institutionally owned and operated and is being sold without any existing debt or management obligations. Its RevPAR penetration index is over 125%. The business mix could be recalibrated to achieve a higher average daily rate (ADR) and maximize profit margins. A change of ownership property improvement plan (PIP) is expected to increase revenues.
Property Specifications
Number of Units: 127 – Year Built: 2009 – Building Area: 77,983 square feet – Land Area: 10.8 acres
Investment Highlights
Located in Memphis’s premier east submarket – Affiliated with the Hyatt brand – Unencumbered by management – High cash flow potential – Offered at a discount to replacement cost
Inquire at JLL.
127-Room Hyatt Place in Memphis, TN Available for Purchase – Image Credit JLL
The 127-room Hyatt Place Memphis/Germantown hotel is available for purchase. The property is located in a prime area of Memphis and is unencumbered by debt and management.
JLL’s Hotels & Hospitality Group is offering the Hyatt Place Memphis/Germantown for sale. The hotel opened in 2009 and is situated near Poplar Avenue and Interstate 385. This location provides access to downtown Memphis, Methodist Le Bonheur Germantown Hospital, and Memphis International Airport.
Investment Opportunity
The hotel is institutionally owned and operated and is being sold without any existing debt or management obligations. Its RevPAR penetration index is over 125%. The business mix could be recalibrated to achieve a higher average daily rate (ADR) and maximize profit margins. A change of ownership property improvement plan (PIP) is expected to increase revenues.
Property Specifications
Number of Units: 127 – Year Built: 2009 – Building Area: 77,983 square feet – Land Area: 10.8 acres
Investment Highlights
Located in Memphis’s premier east submarket – Affiliated with the Hyatt brand – Unencumbered by management – High cash flow potential – Offered at a discount to replacement cost
Inquire at JLL.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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