Excellent Location & Visibility – The Quality Inn is located directly off Interstate Highway 40, a major highway that runs east to west from and through Memphis, TN, Nashville,TN and Knoxville, TN. The property is located off of N Germantown Pkwy. It is approximately 7 miles from Germantown. Germantown is one of a few cities in the nation possessing a triple-A bond rating from both Moody's and Standard & Poor's. It has the lowest crime rate for any city its size in the State of Tennessee This Subject property is also located near Wolfchase Galleria Mall premier mall with specialty high end stores and the Cheesecake Factory. The location is placed in a dense retail corridor with national brands within steps of the hotel such as Costco, Loews, Starbucks,Dick's, Home Depot, Kohls, IKEA, St Fracis Hospital, and many more.
Strong Demographics and Traffic Counts– The area commands strong demographics with 158k people living in 5 mile radius. House Hold Income at $69k, and 60k homes. N Germantown Pkwy and Varnavis Dr. N - 40,005 Vehicles Per Day. N Germantown Pkwy and Rockcreek Pkwy S - 46,407 Vehicles Per Day.
Diverse Demand Generators – The area commands a diverse set of properties that creates a customer base through a balanced mix of office, industrial, residential and retail space.
Recently Renovated Product – The Hotel recently underwent a renovation; This allows new ownership to begin operations in an up-to-date building while tailoring operational and revenue management strategies to meet the needs of the market as well as the Hotel.
Strong Brand Affiliation – The Quality Inn is one of most sought-after brands of Choice Hotels. The Property benefits from the brand’s strong international reservation system, prominent rewards program through Choice Privileges, and consumer brand recognition. We would not recommend any brand repositioning of this asset due to existing product and current business mix.
Offered Well Below Replacement Cost – The Hotel’s combination of location in a growing market and upside opportunity provide an investor with the opportunity to acquire well below replacement cost.
Offered Unencumbered by Management – The Property will be offered unencumbered by management agreements. A new owner/operator has the opportunity to revamp the operational strategies of the Hotel, implement new marketing and strategic cost control initiatives, and employ more aggressive revenue management strategies.
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
8166 Varnavas Drive, Cordova, TN 38016
Platform fee for this transaction is 5.00% or a minimum of $25,000.
c/o Fisher Auction Company Inc.