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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
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    Seller’s Broker
    Mark S. Beadle, CHA
    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.

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