140-Room Homewood Suites
For Sale
Contact for pricing
Pending
5811 Poplar Ave, Memphis, TN 38119
Fee-simple lodging asset with current Hilton brand management and access to major Memphis employment and hospitality demand centers.
Property SizeContact for details
Days on Market142
Property Features for 5811 Poplar Ave
General Information
Standard status
Pending
Property subtype
Hospitality
Occupancy
78%
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Alchemy Real Estate Advisors
Listed By:
Bennett Webster · License #IL 475.149994
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 8:43AM
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 Alchemy Real Estate Advisors
Investment Insights
Based on property information with market context.
The property is a 140-room Homewood Suites by Hilton hotel offered as a fee-simple interest. The asset is currently managed under the Hilton brand and can be relicensed under a new long-term agreement. The offering is unencumbered by Hilton management and debt, with a property improvement plan identified as part of the path to relicensing. Trailing-12-month occupancy is approximately 78%.
The hotel fronts Poplar Avenue, also designated US Route 72, with direct access and visibility from the roadway. It is adjacent to Interstate 240, where traffic is reported at upwards of 140,000 vehicles daily. The property sits within the Poplar commercial corridor and less than one mile from the 42-acre, 479-bed St. Francis Hospital-Memphis campus. FedEx World Headquarters is approximately seven miles away and employs approximately 30,000 people regionally. Beale Street, Graceland, and Memphis International Airport are also identified as regional demand drivers.
The hotel fronts Poplar Avenue, also designated US Route 72, with direct access and visibility from the roadway. It is adjacent to Interstate 240, where traffic is reported at upwards of 140,000 vehicles daily. The property sits within the Poplar commercial corridor and less than one mile from the 42-acre, 479-bed St. Francis Hospital-Memphis campus. FedEx World Headquarters is approximately seven miles away and employs approximately 30,000 people regionally. Beale Street, Graceland, and Memphis International Airport are also identified as regional demand drivers.
Key Highlights
- 140‑room Homewood Suites by Hilton hotel
- Fee‑simple interest offered unencumbered of Hilton management and debt
- Approximately 78% trailing‑12‑month occupancy
Property Analytics
Current Use
Lease Details
78%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,103
Businesses Nearby
Explore this area
Business Placement
Demographics for 38119, TN
23,997
Population
10,521
Households
2.3
Avg Household Size
39
Median Age
53%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
2,727
Density / Sq Mi
$86,325
Median Household Income
$53,068
Median Earnings
$1,336
Median Rent
$279,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Fee-simple lodging asset with current Hilton brand management and access to major Memphis employment and hospitality demand centers.
Where is this hotel located?
The property is located at 5811 Poplar Ave Memphis, TN.
What are key features of this property?
This property features: 140‑room Homewood Suites by Hilton hotel; Fee‑simple interest offered unencumbered of Hilton management and debt; Approximately 78% trailing‑12‑month occupancy
