Hyatt Place Memphis Germantown

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 127-room Hyatt Place Memphis/ Germantown (the “Hotel” or “Property”). The Hyatt Place Memphis/Germantown presents an exceptional investment opportunity in one of Memphis's premier submarkets, supported by corporate, tourism, and convention business. Opened in 2009, this 127-room hotel offers a prime location near Poplar Avenue and Interstate 385, providing easy access to downtown Memphis, Methodist Le Bonheur Germantown Hospital, and the Memphis International Airport.

The Hotel, which is currently institutionally owned and operated, is being offered unencumbered by debt and management. While the RevPAR penetration index exceeds 125%, the Hotel should be able to explore recalibrating the business mix to achieve a higher ADR and help maximize profit margins. Additionally, the Hotel should see a sizable increase in revenues post completing the change of ownership PIP.