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    7890 Craft-Goodman Rd Olive Branch, MS 38654

    For Sale
    Contact for pricing

    121-Room Hotel, Memphis Submarket

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 121-key Hilton Garden Inn, built in 2019, presents a compelling investment opportunity. Situated on a 3.98-acre lot in Olive Branch, Mississippi, this four-story hotel enjoys a prime location just 15 minutes from downtown Memphis, Tennessee. The property boasts convenient amenities for guests, including an on-site restaurant and room service, enhancing its appeal and operational efficiency. The hotel's modern construction and established brand recognition contribute to its strong potential for consistent revenue generation. This offering includes a fee simple interest in the land and building. Importantly, this sale is exclusively packaged with the adjacent TownePlace Suites by Marriott Memphis Olive Branch, representing a significant combined investment opportunity. The property's location within the thriving Memphis submarket provides excellent access to a robust tourism and business travel base. The hotel's 121 rooms offer ample capacity to cater to a diverse range of guests, maximizing occupancy potential. This turnkey operation is ready for immediate ownership and management, presenting a rare chance to acquire a high-performing asset in a desirable market. The combined sale of this Hilton Garden Inn and the adjacent TownePlace Suites provides a unique opportunity for significant portfolio expansion.

    Property Features for 7890 Craft-Goodman Rd

    General Information

    Property type
    Hotels
    Lot Size
    173,369 SF

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    4

    HighLights

    • 4‑story, 121‑room Hilton Garden Inn on 3.98 acres.
    • Built in 2019.
    • Conveniently located 15 minutes from downtown Memphis, TN.
    • Fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Olive Branch
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.8518542
    Latitude
    34.9655152

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    FAQs

    What type of property is this?
    Hotel - 121-Room Hotel, Memphis Submarket
    Where is this hotel located?
    The property is located at 7890 Craft-Goodman Rd Olive Branch, MS.
    What are key features of this property?
    This property features: 4-story, 121-room Hilton Garden Inn on 3.98 acres.; Built in 2019.; Conveniently located 15 minutes from downtown Memphis, TN.
    Request Owner's contact information
    7890 Craft-Goodman Rd Olive Branch, MS 38654
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    Olive Branch, MS 38654
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7890 Craft-Goodman Rd Olive Branch, MS 38654
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