Alchemy Real Estate Advisors Closes Sale of the 126-room Hyatt Place Wolfchase/Galleria in Memphis, Tennessee.
Alchemy Real Estate Advisors is pleased to announce the successful sale and closing of the 126-room Hyatt Place Wolfchase/Galleria in Memphis, Tennessee. The hotel sits in the heart of the Wolfchase commercial corridor, within walking distance of the 1.2-million-square-foot Wolfchase Galleria shopping mall. A private regional investor bought the asset and is planning a comprehensive renovation to maintain the Hyatt Place franchise and elevate the guest experience.
“This transaction underscores sustained investor demand for well-located select-service hotels in proven retail corridors,” said Joe Cuomo, Principal at Alchemy Real Estate Advisors. “The Wolfchase submarket benefits from year-round consumer traffic and strong surrounding amenities. With the planned renovation, the property is positioned to perform well under the Hyatt Place flag.”
This closing further expands Alchemy’s national track record representing institutional owners and matching qualified buyers with strategic opportunities.
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