Days Inn Jellico

Hospitality for Sale
Catylist Listing ID: 30794759
Property Subtypes: Hotel, Inn, Motel
Number of Units: 57 Units
Building Size (RSF): 26,832 SF
Gross Building Area: See Agent
Gross Land Area: 3 Acres
Sale Price: $2,400,000
Unit Price: $42,105.26 Per Unit
Property Use Type: Investment, Business
Building Name: Days Inn Jellico
Name of Establishment: Days Inn Jellico
Franchise Parent Name: Wyndham
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

Many renovations in 2021 including new beds & Keurigs in all rooms! Days Inn of Jellico serves the main corridor of I-75 as well as multiple area parks and recreation with the nearest competition 11 miles away! This property has 57 rentable rooms with the potential for up to 60.

Bookings for 2022 already exceeding prior year with steadily increasing revenue. This location is already meeting an ADR of $81 with many repeat bookings! Days Inn is #1 in brand awareness in the economy segment helping to drive lower cost direct bookings.

Great opportunity for an owner/operator looking for a low maintenance property with a large management apartment on site. Current owner is willing to assist new owner/management with software & business functions. No weekly rentals accepted.

Nearby attractions include:
Indian Cove State Park
Cove Creek State Park
Multiple hiking & recreation locations
Multiple off-road/ATV/dirt bike trails
Noah's Ark attraction

Detailed financials available w/signed CA. Do not disturb employees. Contact listing agent for all showings.

Financials

Finance Data Year 2021
Net Operating Income $269,434 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Knoxville
County: Campbell
Taxing Authority: City of Jellico
Tax ID/APN: 007004K A 02300
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: 5th St
Traffic/Vehicle Count: 5,732
Highway Access: I-75
Nearby Attractions: Indian Cove State Park Cove Creek State Park Multiple hiking trails Downtown Jellico Multiple off-road/ATV trails
Total Number of Buildings: 2
Number of Stories: 3
Property Condition: Good
Year Built: 1974
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Brick
Water Recreation: Outdoor Pool
Total Parking Spaces: 120
Parking Type: Surface
Parking Description: Surface parking, rooms in rear have "drive up" access.
Sprinklers: Wet
Laundry: Shared
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Recently renovated, new keurig coffee makers & multiple other updates.
Zoning Description: C-2 Highway commercial district
Lot Depth: 383
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,340 4,287 5,662
Median Age: 42.71 42.14 40.56
Households: 641 1,778 2,284

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