- 1914 Original Constructed / 2019 Adaptive Reuse Conversion to Hotel (All New Mechanicals in 2019).
- 131 RevPAR - Ranked 3 of 6.
- Institutionally Owned and Third Party Managed.
- Attractive Long Term Lease.
- Offered Below Replacement Cost.
- Long Term Hilton Franchise.
VALUE ADD OPPORTUNITY
- Operational Management & Efficiency Improvements.
- Completed, Ready-To-Run Restaurant With a Separate Space Available for a Cafe.
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to present The Central Station Memphis, Curio Collection by Hilton—a distinctive, institutionally owned full-service boutique hotel located in the heart of Memphis, Tennessee. This one-of-a-kind 123-room asset is part of Hilton’s Curio Collection and is situated within the revitalized South Main Arts District, a vibrant area known for its historic character, cultural landmarks, and proximity to Beale Street, the Mississippi River, and the National Civil Rights Museum.
Construction: Originally constructed in 1914 and meticulously redeveloped into a luxury lifestyle hotel, The Central Station offers investors the rare opportunity to acquire a high-profile hospitality property with significant brand equity, architectural distinction, and a track record of strong operational performance in a high traffic leisure and corporate travel market culturally rich and evolving markets.
Amenities: The property boasts a rich amenity package including a upscale restaurants and bar (8 & Sand and formerly Bishop), fitness room, guest laundry area, laundry/ valet service, outdoor patio, room service, gift shop, and multiple meeting and banquet facilities like the Listening Lounge and the Grand Ballroom.
Location: Strategically located in downtown Memphis with excellent access to Interstate 55 and Memphis International Airport, just 11.3 miles away, The Central Station Memphis combines unmatched location, historic charm, and modern luxury—presenting a compelling opportunity for investors to acquire a premium branded asset in one of the Southeast’s most culturally rich and evolving markets.
MEMPHIS: A STRATEGIC ECONOMIC AND LOGISTICS HUB: Memphis is a strategic economic and logistics hub located in the heart of the Southeast. As the core city of a tri-state Metropolitan Statistical Area (MSA) spanning Tennessee, Mississippi, and Arkansas, it provides efficient access to over 30 percent of the U.S. population within a day’s drive. This central location, paired with robust infrastructure, supports a wide range of industries including freight, medical research, tourism, and corporate services. The region, encompassing Shelby, Tipton, Fayette, and Lauderdale Counties in Tennessee; DeSoto County in Mississippi; and Crittenden County in Arkansas, has a metropolitan statistical area (MSA) population of approximately 1.4 million and a regional GDP of around $88 billion.
Tennessee’s pro-business environment further enhances Memphis’s appeal. As a right-to-work state with no personal income tax on wages, Tennessee ranks among the most tax-friendly states in the nation. The state and local tax burden is among the lowest in the U.S., and Memphis boasts significantly lower business and living costs than other major metropolitan areas. The city’s cost of living is more than 20 percent below the national average, and it has the sixth-shortest metro commute in the U.S.
MULTIMODAL INFRASTRUCTURE POWERING NATIONAL ACCESS: Memphis offers one of the most advanced multimodal transportation networks in the country, supporting corporate and industrial access across air, rail, road, and river systems. As a key logistics hub, the city is anchored by Memphis International Airport (MEM), just 11.3 miles from downtown—the world’s busiest cargo airport, moving over 8.2 billion pounds of freight annually and serving as the global superhub for FedEx Express. MEM also accommodates 4.8 million passengers and has recently undergone a $1 billion FedEx expansion along with a $245 million Concourse B modernization, featuring wider corridors, enhanced seating, natural lighting, and seismic upgrades. Located just 2 miles away, the International Port of Memphis ranks as the fifth-largest inland port by tonnage, facilitating barge, rail, and trucking operations. The city is intersected by five Class I railroads—CSX, Norfolk Southern, BNSF, Union Pacific, and Canadian National—with intermodal yards streamlining freight distribution. Major interstates—I-40, I-55, I-22, and the future I-69—ensure seamless regional connectivity. Public transit, managed by MATA, supports over five million annual trips through buses, paratransit vehicles, and a downtown trolley system that also serves as a popular tourist attraction.
MAJOR CORPORATE ENGINES FUELING MEMPHIS'S ECONOMIC POWERHOUSE: Memphis is home to major Fortune 500 companies, global logistics operations, and regional headquarters. These employers generate year-round weekday demand from consultants, vendors, business travelers, and logistics professionals. In September 2024, Memphis saw the launch of Colossus, the xAI supercomputer, which is funded by Elon Musk, in South Memphis, adding to the region’s tech and data innovation credentials. In December 2024. xAI announced it had doubled the supercomputer's size to 200,000 GPUs with plans to continue expanding the hardware to one million GPU's.
FLAGSHIP MEDICAL INSTITUTIONS ANCHORING MEMPHIS'S REGIONAL HEALTHCARE LEADERSHIP: Memphis is a premier healthcare destination in the Mid-South, known for its advanced treatment centers, academic institutions, and major hospital systems. Key facilities include St. Jude Children’s Research Hospital, located just 2.8 miles from downtown, which is an international leader in pediatric cancer treatment and research. Methodist Le Bonheur Healthcare, 3.3 miles away, serves as a regional health network and academic partner, while Baptist Memorial Health Care, 20.5 miles away, ranks among the largest hospital systems in the region. Regional One Health, just 3.1 miles away, is home to the area’s only Level I Trauma Center and Burn Unit. The University of Tennessee Health Science Center, located 2.7 miles from downtown, is a leading hub for medical education and research. Together, these institutions drive strong medical travel volumes and generate consistent weekday demand from patient families, healthcare professionals, and specialty service providers. to one million GPUs.
PREMIER EDUCATIONAL INSTITUTIONS DRIVING TALENT, INNOVATION, AND WORKFORCE GROWTH: Memphis boasts a strong academic ecosystem that drives workforce training, talent retention, and conference demand. Key institutions include the LeMoyne-Owen College (2.2 miles), a historic HBCU; the University of Tennessee Health Science Center (2.7 miles), which provides leading medical education and research; the Southern College of Optometry (3.5 miles); Christian Brothers University (5.1 miles), offering strong STEM and business programs; Rhodes College (5.9 miles), a nationally ranked liberal arts college; the University of Memphis (7.6 miles), a major public research university with 20,000+ students; and Southwest Tennessee Community College (18.3 miles), a hub for customized workforce training.
ICONIC ATTRACTIONS AND CULTURAL LANDMARKS FUELING TOURISM AND CITYWIDE VIBRANCY: Memphis draws over 8 million visitors annually, thanks to its world-renowned music legacy, food scene, and cultural landmarks. Additional nearby attractions include the Stax Museum of American Soul Music, Shelby Farms Park and Crosstown Concourse. Visitors can also explore the W.C. Handy House Museum, Mid-America Pedestrian Mall, South Main Historic Arts District, Elvis Statue, B.B. King’s Blues Club, and Handy Park. Memphis generates $1.4 billion annually in food and beverage spending and $712 million in accommodations, highlighting the city’s strong tourism economy.
MOMENTUM-DRIVEN MARKET WITH BILLIONS IN ACTIVE INVESTMENT: Memphis is actively reshaping its urban and commercial landscape through public-private investment, infrastructure modernization, and long-term strategic planning. These initiatives represent sustained momentum across sectors and reinforce Memphis’s position as a rising economic center in the Southeastern U.S.
LISTING AGENTS
Lucas Jalenak
Associate Investments
National Hospitality Division
Brentwood Office
P: (615) 997-2864
E: Lucas.Jalenak@marcusmillichap.com
Lic #: TN: 374529
Alexandre Duong
Senior Managing Director Investments
National Hospitality Division
Independence Office
P: (216) 264-2061
E: Alexandre.Duong@marcusmillichap.com
Lic #: OH: SAL.2012000783 | PA: RS322576
BROKER OF RECORD
Jody McKibben
Tennessee
P: (615) 997-2900
Lic #: TN: 307629
