Admiralty Suites &

ADMIRALTY SUITES & INN 8181 HIGHWAY 51 N MILLINGTON, TN PROPERTY FOR SALE 141 ROOMS 85,094 sf (4 buildings)

PROPERTY DETAILS

ASKING PRICE $5,200,000

YEAR BUILT 1987 BUILDING SIZE/SITE SIZE 85,094 SF/3.87 Acres

# OF FLOORS 2 Floors each building

PARKING 200 Parking Spaces; Parking area accom- modates buses & pull behind trailers AMENITIES Business Center, Fitness Center, Copying, Courier Service, Email & Internet, Fax, Wireless Data Connection, Outdoor Pool, Laundry, Ice Machines, Suites KING ROOMS 10 rooms DOUBLES ROOMS 34 rooms

SUITES 95 suites HANDICAP ACCESSIBLE 2 rooms

TOTAL ROOMS 141 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. ADMIRALTY SUITES & INN

85,094 SF (4 Buildings)

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

The Property is located at 8181 Highway 51 N and is comprised of four (4) buildings totaling 85,094 square feet, 141 rooms and suites constructed in 1987. Standard rooms feature one king or two queen sized beds, microwave, mini refrigerator and coffeemaker. There are two (2) types of suites that including one bedroom, two bedroom, king and Jacuzzi suites with full kitchens. Both Standard and Suites feature satellite cable television and WIFI access. Facility amenities include a complimentary Deluxe Hot Breakfast each morning , an outdoor pool, a fitness center, and a business center for Guest use.

The Admiralty Suites & Inn Millington - Memphis, Tennessee is located in heart of Millington in a well-established area. 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 • New ownership will be well-positioned to take advantage of strong RevPAR trends for the property • 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 & 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 Courses, and Memphis International Raceway, and USA • Baseball Stadium

A HIGH QUALITY ASSET • Contracts in place to provide a steady baseline income • 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 • Admiralty Inn & Suites is conveniently located just 16 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, Admiralty 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 27.4 miles 35 minutes GRACELAND 24.0 miles 30 minutes

BEALE STREET 17.3 miles 24 minutes MEMPHIS MOTORSPORTS PARK 8.0 miles 14 minutes NAVAL SUPPORT ACTIVITY 2.3 miles 6 minutes

I-269 1.6 miles 3 minutes I-240 22.0 miles 26 minutes

I-40 14.4 miles 19 minutes

PHOTOS ADMIRALTY SUITES & INN PROPERTY FOR SALE

85,094 SF (4 Buildings)

NAVAL SUPPORT ACTIVITY BASE DUPONT 2.3 MI 7.3 MI

USA BASEBALL STADIUM 1.4 MI

MEMPHIS INTL RACEWAY 8.1 mi