Fairfield Inn by Marriott - East TN

Undisclosed Address, Knoxville, TN 37914
Hospitality for Sale
Sale Pending/Contingent
Catylist Listing ID: 30805335
Property Subtypes: Hotel
Status: Pending/Contingent
Number of Units: 105 Units
Building Size (RSF): 54,198 SF
Gross Building Area: See Agent
Gross Land Area: 2.67 Acres
Sale Price: $7,500,000
Unit Price: $71,428.57 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2022

Overview / Comments

Major Flag hotel in Knoxville. One hundred five interior access rooms. Convenient to the University of Tennessee Campus, downtown Knoxville and government, vacation, tourist and retail areas. Amenities include an indoor pool, 24-hour fitness center, 24 hour-business center and complimentary breakfast and area restaurants. Valet service is available.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $97,645 (Annual)

Additional Details

Tax ID/APN: CA Required
Zoning: C-H-2
Site Description: Level site at major interstates I-40/75 in Knoxville, TN.
Area Description: Convenient to downtown Knoxville, an urban center that features shopping, restaurants, museums and other visitor attractions. Located near an Interstate on/off and the major access to the Gatlinburg, Pigeon Forge and the Smoky Mountain National Park.
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1996
Parking Type: Surface
Interior Description: Well-appointed up to date interior that includes fitness center, indoor pool and 24-hour business center and common area.
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