Rooms: 194 $21,000/Key Offered at Significantly Well Below Replacement Cost Interior Corridor Lot Size: 3.36 acres 4 Stories Solid Concrete Block Construction Building 11 miles from Downtown Memphis 14.7 miles from Beale Street Centrally Located to All Demand Generators in Memphis Large Banquet Space, Restaurant, and Commercial Kitchen Large Banquet and Meeting Space of 9,000 sq. ft. One of the Largest Event Spaces in the Local Area Excellent Value add Opportunity Multifamily Rezoning Opportunity Several National Franchise Brands Available for Conversion Excellent candidate Hotel for Multifamily Rezoning or Extended Stay Hotel Conversion or a Dual Brand Conversion Bank Financing Available The Governor's Inn & Suites is located at 2490 Mount Moriah Road in Memphis, Tennessee, United States. Situated in the heart of the city, this establishment offers convenient access to a range of attractions, amenities, and businesses. The location of the Governor's Inn & Suites is ideal for exploring the vibrant city of Memphis. Proximity to Graceland: Just a short drive from the inn, Graceland is the former home of the legendary musician Elvis Presley. Visitors can explore the mansion, tour the exhibits showcasing Elvis' life and career, and immerse themselves in the history and legacy of the King of Rock 'n' Roll. Access to Beale Street: Beale Street is a renowned cultural and entertainment district in Memphis, known for its vibrant live music scene, restaurants, bars, and clubs. Guests staying at the Governor's Inn & Suites can easily access Beale Street and enjoy its energetic atmosphere, live performances, and diverse dining options. Shopping Opportunities: The inn's location offers convenient access to various shopping centers and outlets. Guests can indulge in retail therapy at places like Wolfchase Galleria, Oak Court Mall, or the Shops of Saddle Creek, where they can find a wide range of stores, boutiques, and specialty shops. Proximity to Memphis International Airport: Travelers flying into or out of Memphis will appreciate the inn's proximity to Memphis International Airport. The airport is a short drive away, making it convenient for guests who need easy access to air transportation. Cultural Attractions: Memphis is a city rich in cultural attractions. Visitors can explore the Memphis Zoo, which is home to a diverse collection of animals and offers educational experiences for all ages. The National Civil Rights Museum, located at the Lorraine Motel where Dr. Martin Luther King Jr. was assassinated, provides a thought-provoking journey through the history of the Civil Rights Movement. Sporting Events: Sports enthusiasts will find the Governor's Inn & Suites conveniently located near sports venues such as the FedExForum, home to the NBA's Memphis Grizzlies, and AutoZone Park, where minor league baseball team the Memphis Redbirds play. These location highlights showcase the diverse range of attractions and activities available near the Governor's Inn & Suites, making it an ideal choice for travelers seeking to explore the best of what Memphis has to offer which makes an attractive value add investment opportunity. Governor's Inn & Suites - Memphis - TN is located right off the freeway. 11 miles from Downtown Memphis. It is close to Crystal Shrine Grotto (2.2 miles), a popular Memphis landmark. Also conveniently located to nearby attractions including, Lichterman Nature Center (2.6 miles), Hickory Hill (3.3 miles), Audubon Park (2.8 miles), and Memphis Botanic Garden (3.3 miles). With only 3 miles from the art museum, Dixon Gallery and Gardens University of Memphis is only 4.1 miles away and Memphis International Airport is only 8 miles from the property. Memphis, Tennessee is undergoing a period of significant development, with new projects and economic shifts poised to impact the entire city, including the area surrounding the Governor's Inn & Suites. Here is a breakdown of key developments that could drive demand for the hotel's services. Economic and Industrial Development: xAI "Colossus" Supercomputer: Elon Musk's AI company, xAI, is making a massive investment in Memphis. They announced the construction of a "Colossus" supercomputer facility, with a major expansion and property acquisition in Southwest Memphis. This project is expected to create hundreds of jobs in the tech sector, bringing in a new wave of business travelers and potentially long-term employees needing temporary housing. FedEx "Super Hub" Expansion: FedEx, a cornerstone of the Memphis economy, has invested over $1 billion to expand and modernize its global "Super Hub" at the Memphis International Airport. The project, slated for completion in 2025, will make it the second-largest air cargo facility in the world, further solidifying Memphis's role as a logistics center and driving an increase in business-related travel. Emerging Tech Hub: The city is seeing a broader trend of tech companies, including Nvidia, Dell, and Supermicro, establishing a presence. This diversification of the local economy beyond logistics and healthcare is creating new job opportunities and attracting a demographic of business and professional travelers. Residential and Mixed-Use Development: Liberty Park: This large-scale, mixed-use development near the Mid-South Fairgrounds is moving forward with a new 152-room Hampton Inn by Hilton, 215 apartments, and 20,000 square feet of retail space. While it represents new competition, it also signifies a major revitalization of a nearby district, which could increase overall visitors to the area and spill over into demand for other hotels. Increased Residential Construction: There is a notable increase in new construction homes and apartment complexes in various Memphis neighborhoods. This residential growth brings in a new population, including families and new hires, who may have visiting guests or relatives needing hotel accommodations. Major Events and Tourism: Ongoing Major Festivals: Memphis's calendar is packed with major annual events that attract visitors from across the country. Key events like the Memphis in May International Festival, the World Championship Barbecue Cooking Contest, and the Great American River Run drive a surge in hotel demand. Sports Tourism: The city's sports scene, including the NBA's Memphis Grizzlies, the University of Memphis Tigers, and major golf tournaments like the FedEx St. Jude Championship, generates a consistent flow of fans and sports teams. Graceland's 90th Birthday (2025): The year 2025 will mark the 90th birthday of Elvis Presley. Graceland is a massive tourist draw, and this milestone will likely result in a significant increase in visitors, offering a major opportunity for hotels in the area to capture a larger share of the leisure travel market. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.