Plantation Oaks Inn & Suites

PLANTATION OAKS INN & SUITES 6656 HWY 51 N MILLINGTON, TN PROPERTY FOR SALE 93 ROOMS 26,688 sf (3 buildings)

PROPERTY DETAILS YEAR BUILT 1997 BUILDING SIZE/SITE SIZE 26,688 sf / 2.37 acres

# OF FLOORS 2 Floors each building PLANTATION OAKS INN & SUITES PARKING 140 Parking Spaces; Parking area accom- modates buses & pull behind trailers AMENITIES Business Center, Copying, Courier Service, Email & Internet, Fax, Wireless Data Connection, Outdoor Pool, Laundry, Ice Machines, Suites

KING ROOMS 9 rooms DOUBLES ROOMS 57 rooms

SUITES 23 suites HANDICAP ACCESSIBLE 4 rooms (2 kings, 2 doubles)

TOTAL ROOMS 93 rooms

For more information, please contact: CUSHMAN & WAKEFIELD | COMMERCIAL ADVISORS JEB FIELDS, SIOR, CCIM SHANE SOEFKER JACOB BIDDLE ALEX YATES ASSET SERVICES Principal Exec Vp/Principal Vice President Vice President 5101 Wheelis Drive, Suite 320 (901) 362 4315 (901) 362 3454 (901) 362 4307 (901) 362 4310 Memphis, TN 38117 [email protected] [email protected] [email protected] [email protected] www.commadv.com @CREmemphis @ComAdvisors

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions imposed by our principals. PLANTATION OAKS INN & SUITES

26,688 SF (3 Buildings)

Cushman & Wakefield I Commercial Advisors, as exclusive agent, is pleased to offer the opportunity to acquire The Plantation Oaks Inn & Suites – Millington - Memphis, Tennessee (the “Property”), a limited service hotel in Millington, Tennessee.

The Property is located at 6656 Highway 51 N and is comprised of three (3) buildings totaling 26,688 square feet, 93 rooms and suites constructed in 1997. Standard rooms feature one king or two queen sized beds, microwave, mini refrigerator and coffeemaker. The Suites have full kitchens (stove, refrigerator, microwave, coffee maker, dishwasher, garbage disposal) and are available with 2 queen sized beds, or one king bed. Both Standard and Suites feature satellite cable television, flat screen televisions and WIFI access. Facility amenities include a complimentary Deluxe Hot Breakfast each morning , an outdoor pool, and a business center for Guest use.

The Plantation Oaks Inn & Suites Millington - Memphis, Tennessee is conveniently located on US Highway 51 only 20 minutes from Memphis and within five (5) miles of Millington’s primary demand generators. The Property offers convenient access to major roadways such as I-240, I-40, I-385, future I-269, and is located less than 20 miles from Downtown Memphis.

INVESTMENT HIGHLIGHTS SIGNIFICANT OPPORTUNITY AND UPSIDE POTENTIAL • Opportunity to acquire an established select service asset • Upside potential to improve ADR through revenue growth and cost savings • A new owner will benefit from a rebound in the market, improving national economy and resurgence of the USA Baseball Stadium and Memphis International Raceway.

PRIME LOCATION IN MILLINGTON, TENNESSEE • Easily accessible in an established location in Millington, TN • The Property is located near multiple area demand generators including the Millington Naval Activity Midsouth, Mirimichi Golf Course, Dupont, Lucite, Memphis International Raceway and USA Baseball Stadium

A HIGH QUALITY ASSET • Excellently maintained property with potential housing quarters for owner-occupant • Not encumbered by an in-place management contract

STANDARD GUEST ROOM AMENITIES INCLUDE: • Cable/Satellite TV • Wired Internet • Stereo • Bathtub • Work Desk with Lamp • Coffee Maker • Phone with Voicemail • Microwave • Two-Line Phone • Mini Refrigerator • Speaker Phone • Iron/Ironing Board • Wireless Internet • Individually Controlled A/C PROPERTY FOR SALE

IDEAL LOCATION AND CONVENIENCE • Plantation Oaks Inn & Suites is conveniently located just 20 miles north of Memphis and offers easy access to area attractions including Graceland, the Memphis Zoo, Beale Street, the Memphis Motorsports Park, USA Baseball Stadium, Mirimichi Golf Course, the American Civil Rights Museum, and the Wolfchase Galleria Mall. • For the business traveler, Plantation Oaks Inn & Suites is located near many businesses including Lucite International, Inc., Ingram Micro, DuPont Chemical, and Naval Support Activity. • The Property offers convenient access to major roadways such as I-240, I-40, I-385, and future I-269.

LOCATION/LINKAGE MILES FROM PROPERTY DRIVE TIME BUILDING FEATURES MEMPHIS INT’L AIRPORT 23.7 miles 28 minutes GRACELAND 20.7 miles 24 minutes

BEALE STREET 13.5 miles 19 minutes MEMPHIS MOTORSPORTS PARK 5.3 miles 9 minutes NAVAL SUPPORT ACTIVITY 5.6 miles 10 minutes

I-269 2.1 miles 2 minutes I-240 14.0 miles 20 minutes

I-40 11.5 miles 17 minutes

PHOTOS PLANTATION OAKS INN & SUITES PROPERTY FOR SALE

26,688 SF (3 Buildings)

2.4 MI

USA BASEBALL STADIUM 2.6 MI

NAVAL SUPPORT ACTIVITY BASE 5.4 MI

MEMPHIS INTL RACEWAY 6.2 mi

DUPONT 3.4 MI