Kishan Gohel of NewGen Advisory is pleased to
present the sale of the Millington Inn, a 48-room
exterior corridor hotel in Millington, Tennessee,
located just 15 minutes north of Memphis along
US Highway 51. Built in 1950, the property sits on
1.57 acres and features over 22,000 square feet,
including a three-bedroom, two-bath owner’s
quarters attached to the lobby—ideal for an
owner-operator. The property received a new roof
in 2023 as part of recent capital improvements.
The Millington Inn offers a strong value-add
opportunity, with only 25 of the 48 rooms
currently in operation, allowing significant upside
through increased occupancy and improved
management. The property is also positioned to
benefit from the $60 million redevelopment of the
former Memphis International Raceway into
Darana Motorsports Park Millington, located
approximately 7.4 miles away and scheduled to
open October 15–18, 2026, which is expected to
drive increased lodging demand. Combined with
its Opportunity Zone location and proximity to key
demand drivers, the asset presents an attractive
investment for a hands-on buyer.