Southern Hospitality sold the 131-room Courtyard Memphis Collierville in Collierville, Tenn. to a Texas-based investor. Other terms and conditions were not disclosed. Hunter Hotel Advisors' Tim Osborne, senior vice president, facilitated the transaction, with Adeel Amin, senior vice president of capital markets, securing a $8.7M bridge loan on behalf of the buyer.
The Courtyard Memphis Collierville, renovated in 2023, is in Carriage Crossing, a retail center with more than 65 national retailers, local shops and dining options. The hotel is a five-minute drive from the FedEx World Technology Center, a 118-acre campus with 20 divisions and 3,000 IT employees, and seven minutes from the Mike Rose Soccer Complex, which has 16 fields and a 2,500-seat stadium and draws year-round tournament traffic. The property is also within 20 miles of Memphis, home to FedEx Global Headquarters, AutoZone Corporate Headquarters, Graceland, Beale Street, the Memphis Zoo and the Memphis Music Hall of Fame.
“This hotel checks a lot of boxes for investors, with a recent renovation and a location that pulls demand from both business and leisure,” Osborne said in a statement. “That strong positioning, combined with Hunter’s ability to advise on every step of the process, made this a smooth and successful transaction.”
The four-story hotel includes 1,624 square feet of meeting space, an indoor pool, a fitness center and The Bistro, a full-service restaurant.