A private local buyer has acquired the 126-room, select-service hotel at 1220 Primacy Parkway in Memphis, Tennessee, from Acrophyte Hospitality Trust for $6.93 million, or $55,000 per key.
Private investor buys hotel in Memphis, Tennessee, for $6.93 million
126-room, select-service property sells at discount to independent appraisal
By Kaylee Garcia-Diaz with
August 17, 2026 | 7:52 P.M.
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IN THIS ARTICLE
- Properties
- Hyatt Place Memphis/Primacy Parkway
1220 Primacy Pky, Memphis, TN
- Companies
- Acrophyte Hospitality Trust
Real Estate
- Contacts
- Jasnayak Sohi
Principal, The Sohi Group
- Dhaval Taylor
Senior Hospitality Associate, The Sohi Group
- Jasdeep Sohi
Partner | Principal Broker, The Sohi Group
- Lim Kai Lun
Financial Controller, Acrophyte Hospitality Trust