70-Key Hotel in Metro
2855 Old Austin Peay Hwy, Memphis, TN 38128
Independent hotel with value-add potential in the Northeast I-40 corridor.
Type:Hospitality
Property size:
21,012 SFLot size:
1.23 Acres- Added:
- Jan 29, 2026
- Days on Market:
- 104
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 2855 Old Austin Peay Hwy
General Information
- Standard status
- Active
- Size
- 21,012 SF
- Lot size
- 1.23 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 2000
Listing agent Suresh Patel License #12345
Listing office Moon Realty USA
Listing date Jan 29, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Moon Realty USA
HighLights
- Value‑add potential through rebranding, choose your preferred franchise with potential incentives.
- Strong historical performance with approximately $1.1 million average annual room revenue (2023‑2025) and solid 2025 STR metrics.
- Strategic location in the heart of Metro Memphis' Northeast I‑40 corridor.
- Recent capital improvements minimize near‑term capex requirements.
- Absentee‑owned operation with full staff in place.
- Interior corridor, elevator, and indoor pool.
Overview
The Point Hotel is a 70-key, 3-story independent limited-service hotel located at 2855 Old Austin Peay Highway in Metro Memphis' Northeast I-40 corridor. The property, spanning 21,012 square feet on a 1.23-acre lot, features interior corridors, an elevator, and an indoor pool. Constructed in 2000, the hotel was originally a Sleep Inn and later operated as a Quality Inn before being deflagged in December 2025. This provides buyers with the flexibility to rebrand with a preferred franchise. The hotel has generated an average annual room revenue of approximately $1.1 million from 2023 to 2025. Recent 2025 STR metrics include 65.44% occupancy, $54.99 ADR, and $35.98 RevPAR. Recent capital improvements include full interior and exterior painting in 2023 and guest room carpet replacement in 2022, with ongoing room and common-area updates. The property is situated in a demand-rich submarket near FedEx's world headquarters, Nike distribution centers, and the expanding Millington/Blue Oval City Ford Plant. Additional demand drivers include Shelby Farms Park, Memphis Zoo, FedExForum, Liberty Stadium, and St. Jude Children's Research Hospital. The hotel has convenient access to I-40 and Memphis International Airport, as well as nearby fast-casual dining, retail, and gas stations. The Point Hotel is sold "as-is" with growth prospects.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quality Inn Memphis ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.922629
- Latitude
- 35.2036258
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FAQs
What type of property is this?
Hotel - Independent hotel with value-add potential in the Northeast I-40 corridor.
Where is this hotel located?
The property is located at 2855 Old Austin Peay Hwy Memphis, TN.
What are key features of this property?
This property features: Value‑add potential through rebranding, choose your preferred franchise with potential incentives.; Strong historical performance with approximately $1.1 million average annual room revenue (2023‑2025) and solid 2025 STR metrics.; Strategic location in the heart of Metro Memphis' Northeast I‑40 corridor.
