For Sale
Call for price

7840 Craft-Goodman RdOlive Branch, MS 38654

95-Room Marriott Suites Hotel in MS

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 95-key TownePlace Suites by Marriott hotel, a 4-story building constructed in 2020. Situated on a 3.97-acre lot in Olive Branch, Mississippi, this property enjoys a prime location just 15 minutes from downtown Memphis, Tennessee. The hotel boasts spacious suites, each equipped with a full kitchen, catering to extended-stay guests. Amenities include a complimentary hot breakfast served daily, an inviting outdoor swimming pool, and a tranquil garden area. This offering includes a fee simple interest in the property. Note: This hotel is sold as a package deal with an adjacent hotel. The property's strategic location within the Memphis submarket offers significant potential for strong returns. The modern design and high-quality amenities ensure a comfortable and convenient stay for guests, contributing to consistent occupancy rates. This represents a rare chance to acquire a well-established, high-performing hospitality asset in a thriving market. The property's recent construction minimizes immediate capital expenditure needs, allowing for a swift return on investment. This is an ideal opportunity for investors seeking a stable and profitable addition to their portfolio.

Highlights

  • 4-story, 95-room TownePlace Suites by Marriott hotel on a 3.97-acre lot.
  • Built in 2020.
  • Prime location 15 minutes from downtown Memphis, TN.
  • Fee simple ownership.

Property Details for 7840 Craft-Goodman Rd

Property type
Hospitality properties, Hotels
Year Built
2020
Buildings
1
Stories
4
Lot Size (sq. ft)
172,933 SF

Location Insight

City
Olive Branch
County
DeSoto
State
Mississippi
Latitude
34.965606
Longitude
-89.852744
7840 Craft-Goodman Rd, Olive Branch, Mississippi

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7840 Craft-Goodman Rd
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