Best Western Plus Hotel for Sale in Morristown, TN

5435 South Davy Crockett Parkway, Morristown, Tennessee, 37813, United States Price: $4,350,000 Not Available
4
Sold
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Seller’s Broker
Mark S. Beadle - GA R.E. Com License: 155426
Type: Limited Service
Location: Highway
Number of Rooms: 112
Meeting Space: 3,900 square feet
Year built: 1980
Corridors: Interior
Parking: Surface Lot
Parking Spaces: 163
Number of Buildings: 2
Amenities: Outdoor pool and sun deck, exercise room, conference facilities
For Period Ending: December, 2012
Financing: Yes
Franchise: Best Western Plus
Status Sold

Opened in 1980 this hotel completed a conversion to the Best Western chain as a Best Western Plus Hotel in 2011. The property features 112 guestrooms in a three-story interior corridor building adjacent to a one-story commercial building. The Property is in excellent condition having completed its Best Western PIP. However, should a purchaser wish to re-brand the hotel a number of options are available. Property features include an outdoor swimming pool with a very large sundeck and an exercise facility. The full service restaurant complete with working kitchen is available at the property but is not in use at the present time. This facility could easily be re-opened or leased to a third party creating an additional source of income. Three meeting rooms are available offering 3,900 square feet of meeting space.

The Hotel is located on I-81 near its intersection with I-40 giving it a major interstate location. The Hotel is just minutes from demand generators such as College Square Mall, Walters State Community College and area employers including NCR Corp., General Electric, Colgate Palmolive and International Paper. Regional attractions include the Great Smoky Mountains National Park, Gatlinburg and Pigeon Forge, TN.