Property profile

7840 Craft-Goodman Rd Olive Branch, MS 38654

OFF-MARKET
Hospitality properties
3.97 ac lot Built 2020
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 95-key TownePlace Suites by Marriott hotel, a 4-story building constructed in 2020. Situated on a 3.97-acre lot in Olive Branch, Mississippi, this property enjoys a prime location just 15 minutes from downtown Memphis, Tennessee. The hotel boasts spacious suites, each equipped with a full kitchen, catering to extended-stay guests. Amenities include a complimentary hot breakfast served daily, an inviting outdoor swimming pool, and a tranquil garden area. This offering includes a fee simple interest in the property. Note: This hotel is sold as a package deal with an adjacent hotel. The property's strategic location within the Memphis submarket offers significant potential for strong returns. The modern design and high-quality amenities ensure a comfortable and convenient stay for guests, contributing to consistent occupancy rates. This represents a rare chance to acquire a well-established, high-performing hospitality asset in a thriving market. The property's recent construction minimizes immediate capital expenditure needs, allowing for a swift return on investment. This is an ideal opportunity for investors seeking a stable and profitable addition to their portfolio.

Property profile

Verified
Property type Hospitality properties
Year built 2020
Lot 3.97 ac (172,933 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7840 Craft-Goodman Rd Olive Branch, MS 38654
Olive Branch metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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