Overview

OPENING MID-2021 • CALL FOR PRICING!

HIGHLIGHTS
• 3-story, 92-room Avid an IHG Hotel
• Situated on 2.26± acres
• Interior corridor
• Hotel features a breakfast dining area, indoor pool, fitness room, market pantry & guest laundry
• Ample parking
• Conveniently located off I-55 just 15 minutes from the Memphis International Airport

DETAILS
Avid by IHG is a high-quality, midscale hotel that provides luxury at a fair price, along with features that are unique in the midscale space. The hotel features an attractive exterior design, inviting modern lobby, and functional guest rooms that are well-designed for relaxation.

STABILIZED PROJECTIONS
Total Revenue: $3,318,000
Occupancy: 77%
ADR: $123.55
REVPAR: $95.14

LOCATION
Southaven is located in De Soto county, within the Memphis metro area, 14 miles south of Memphis, Tennessee. Southhaven is the third largest city in Mississippi and the second most populous suburb of Memphis.

Details

Year Built
2021
# of Floors
3
# of Buildings
1
Lot Size
2 acres
Features
  • Interior Corridor
  • Breakfast Room
  • Indoor Pool
  • Fitness Center
  • Elevator
  • Guest Laundry

Financial

Posted By
Broker / Agent
Affiliation
Franchise
# of Units
92
Room Revenue
$ 3,318,000.00
ADR
$ 123.55
Occupancy %
77%