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3076 Kirby PkwyMemphis, TN 38115

96-Room Hotel, Newly Renovated, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 96-room Courtyard by Marriott hotel in Memphis, Tennessee. The property boasts a prime location off Route 385 and I-240 in East Memphis, offering convenient access to Germantown, Memphis International Airport, FedEx Headquarters, and International Paper. The three-story hotel, situated on approximately 0.28 acres, underwent a complete renovation in 2024, ensuring modern amenities and updated facilities for guests. With a total of 34,536 square feet, the hotel features 309 keys and approximately 630 square feet of meeting space, catering to both business and leisure travelers. The property is offered unencumbered by management agreements or debt, providing a clean and attractive investment opportunity. The hotel's strategic location within a rapidly growing area of Memphis promises strong occupancy rates and significant return on investment. This fee-simple ownership offers a rare chance to acquire a well-maintained, high-performing hotel in a thriving market. The property's recent renovation ensures long-term operational efficiency and minimizes immediate capital expenditure needs. This is an ideal acquisition for investors seeking a stable and profitable addition to their portfolio. The single building structure simplifies management and maintenance, further enhancing the property's appeal.

Highlights

  • Fee simple ownership of a Courtyard by Marriott in East Memphis.
  • 96-room, three-story hotel on approximately 2.57 acres.
  • Recently renovated in 2024.
  • Approximately 630 square feet of meeting space.
  • Offered free and clear of debt and management agreements.

Property Details for 3076 Kirby Pkwy

Property type
Hospitality properties, Hotels
Square Feet
34,536 SF
Year Renovated
2024
Buildings
1
Stories
3
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.0635152
Longitude
-89.8427737
3076 Kirby Pkwy, Memphis, Tennessee

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3076 Kirby Pkwy
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