Embassy Suites | Memphis, TN
The 220-room Embassy Suites Hotel in Memphis, Tennessee opened in 1989 and is ideally located in the affluent East Memphis submarket, 7 miles from Memphis International Airport. Brickman was approached by a local operating partner to participate in a joint venture for the acquisition of the hotel. The Hotel was purchased from the Hilton Hotel Corp. and will continue to operate as an Embassy Suites under a long-term management agreement with a Hilton operating subsidiary. The hotel's central location in the affluent East Memphis submarket has historically enabled the property to achieve consistent cash flow and continual revenue per available room (RevPar) growth since 2003.
Property Details
- Property Type
- Hotel
- Investment Type
- Equity
- No. of Keys
- 220
- Year Built / Renovated
- 1989 / Ongoing
- Investment Date
- Oct-07