Building Details:
• Year Built: 1996
Four-story, 56,264 SF La Quinta Inn & Suites hotel on +/- 2.46 acres, located 2 miles south of Interstate 40 Exit 407 in Sevierville, Sevier County, Tennessee. Sevier County is a primary tourist destination that attracts 11 to 13 million annual visitors. The property is located on Winfield Dunn Parkway, the areas primary tourist traffic artery which is under expansion from 4 to 6 lanes. The property enjoys outstanding highway visibility and easy access via a lighted intersection.
The hotel is located minutes from a multitude of tourist attractions, large outlet shopping malls, restaurants, municipal golf course and Douglas Lake.
The bank-owned hotel is currently under new interim professional management. Consequently, financial records are only available for the past few months. A new franchisor PIP has been completed. Please submit a completed Confidentiality Agreement (see attached file) to received financials and PIP.
This is an excellent opportunity to acquire a bank-owned hotel with significant upside potential.
Priced at less than $37,000 per room at $3,700,000
Bank-owned property
Fee simple ownership
Convenient to Interstate 40 and area tourist attractions
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