765 Highway 51 S - Hospitality FOR SALE


Ripley, TN 38063
$1,300,000 USD
901-674-6105
765 Highway 51 S, Ripley, TN for Sale
$1,300,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

765 Highway 51 S
Ripley, TN 38063


HIGHLIGHTS

  • Franchise conversion ready (PIPs for ABVI by Sonesta or Super 8 by Wyndham) for strong ADR/RevPAR upside
  • Recent $200K+ capital improvements (new roof, full guestroom renovations, tankless heaters)
  • Prime U.S. Highway 51 frontage with high visibility (18,000+ daily vehicles)
  • Heated indoor saltwater pool – rare amenity boosting year-round guest appeal
  • Free WiFi throughout property + ample free on-site parking
  • On-site hot tub for added relaxation and competitive edge

OVERVIEW

CALL FOR OFFERS Deadline to Submit the Offer – March 23rd, 2026 HIGHLY CONFIDENTIAL. ALL appointments must be scheduled with the Broker. To schedule a Tour, Contact Suresh Patel at 901-674-6105. This recently renovated 39-key independent hotel (2 keys used as manager’s apartment) sits directly on U.S. Highway 51 in Ripley, Tennessee, with excellent visibility to over 18,000 vehicles daily. The property benefits from a rare heated indoor saltwater pool, full ownership of vending machines (no commissions), and a lean, high-margin operation that has consistently delivered NOI margins above 50%. Recent capital improvements totaling approximately $200K (2022–2024) include a new roof, tankless water heaters, complete guestroom renovations, new hallway carpets, paint, bathroom tiles, and upgraded exterior walkways—significantly reducing near-term capex. The hotel is conversion-ready to either America’s Best Value Inn by Sonesta or Super 8 by Wyndham, with Property Improvement Plans (PIPs) available for both brands. Franchise affiliation offers immediate access to national reservation systems, loyalty programs, and strong OTA placement—creating clear, quantifiable upside in ADR and occupancy. Strategically located 45 minutes from Ford’s BlueOval City (ongoing regional economic activity) and near major demand generators including Komatsu, Faist Light Metals, Fort Pillow State Park, the Alex Haley Museum, and the annual Lauderdale County Tomato Festival, this asset delivers stable cash flow today with substantial value-add potential. Attractive Pricing & Metrics — $1,300,000 purchase price ($33,333/key) | 3.8x Gross Revenue Multiplier | 14.0% Cap Rate on Year 1 NOI Proven Cash Flow — 2025 room revenue $322,839 | Consistent historical NOI margins above 50% | Year 1 projected Adjusted NOI $181,446 Strong Investor Returns — 24.0% cash-on-cash (28.5% incl. equity buildup) | 1.61x Debt Coverage Ratio | 20% down payment with SBA 7(a) financing available Recent Capital Investment — ~$200K spent 2022–2024: new roof, tankless water heaters, full guestroom renovations, new carpets, paint, bathroom updates, and exterior improvements Rare Amenity Advantage — Heated indoor saltwater pool (major competitive differentiator in the economy segment) + owned soda/ice vending machines (additional revenue, no commissions) Brand Conversion Opportunity — PIPs completed for America’s Best Value Inn by Sonesta and Super 8 by Wyndham; both offer national distribution, loyalty programs, and anticipated revenue uplift Prime Highway Location — Direct frontage on U.S. 51 (future I-69 corridor) with 18,000+ daily vehicles; 55 miles north of Memphis and ~45 minutes from Ford BlueOval City Diversified Demand Drivers — Industrial (Komatsu, Faist Light Metals, TVA), tourism (Fort Pillow State Park, Alex Haley Museum), events (Tomato Festival), and regional spillover from BlueOval City development Low-Complexity Operation — Simple 39-room layout ideal for owner-operator or absentee ownership with strong existing management in place Clear Value-Add Path — Brand affiliation + optimized sales & marketing expected to drive higher ADR and occupancy in a stable, growing market

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$69 USD /SF

# OF ROOMS

39

PRICE/ROOM

$33,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2000

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

B2

APN/PARCEL ID

094-027.14

ASK ABOUT THIS PROPERTY

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.