Memphis Hotel Sold for 16.5M With New Operator
A group of Memphis investors acquired the Central Station Hotel for 16.5 million dollars. The Indigo Road Hospitality Group assumed operations and plans to open a steakhouse.
Xurve View
Insights:
Xurve View
A group of local investors acquired the Central Station Hotel in Memphis for $16.5 million, partnering with a hospitality firm to manage the property. The 123-guestroom luxury hotel changed hands following a listing through MARCUS & MILLICHAP INC. The transaction anchors fresh local investment in the downtown district across the United States.
