Fee simple interest in the 126-room Hyatt Place Memphis Wolfchase Galleria. |
The asset will be available for purchase in the May 7th auction event via Ten-X. |
Offered as part of a five-property portfolio, with all properties being sold individually. |
Property offered unencumbered by management and debt and at a significant discount to replacement cost. |
Strong operational upside in transitioning the asset out of institutional ownership and third-party management. |
Adjacent to the heavily trafficked Interstate 40, with upwards of 115,000 vehicles passing the location daily. |