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Hotel-Motel

Americourt Hotel

450 Dotson Ln, Mountain City, TN 37683

Listing Price: $1,850,000

Cap Rate
6.40%
Number of Rooms
40
RevPAR
$33
Gross SF
21,969
Price/Room
$46,250
Price/Gross SF
$84.21
Year Built
1991

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 40-unit, Americourt Hotel, located in Mountain City, Tennessee. The subject property was built in 1991 and is situated on 1.62 acres of land. Premium amenities are that property include an outdoor swimming pool and seating area for guests to relax outside. Common area amenities include complimentary breakfast, shared lounge area with a fireplace, meeting room, business center, free on-site parking, and a 24-hour reception desk. Each guest room is equipped with free Wi-Fi, flat-screen TV, alarm clock radio, telephone, private bathroom, hairdryer, and clothes rack. The Americourt Hotel is located along U.S.-421 in Mountain City, Tennessee, just north of the North Carolina state border. The area boasts outdoor attractions including nearby skiing mountains, hiking, biking, and much more. Less than 1 mile from the hotel Parkdale Mills, a prominent yarn producer in the U.S., has a large-scale manufacturing and distribution plant, which draws in frequent travelers picking up deliveries. Other demand generators in the area include Johnson Country Community Hospital, 1.2 miles away, which offers inpatient care and 24-hour emergency medical services. Does Mountain Recreation Area, 5.5. miles away, is a preserved area with over 8,600-acres of land, perfect for hiking, biking, and ATV riding. Many restaurants and retail are located within 5 miles of the property. Boone, North Carolina, 21 miles away, is a popular destination nestled into the Blue Ridge Mountains featuring a plethora of restaurants, breweries, retail, and outdoor activities. Appalachian State University is located in Boone, 22 miles from the subject property, and is part of the University of North Carolina System, among 17 other colleges. The university enrolls more than 20,000 undergraduate and graduate students and highly known for its picturesque campus in the mountains. The area features many skiing areas including Appalachian Ski Mountain, Sugar Mountain, and Beech Mountain. Nearby attractions include Tanger Outlets Blowing Rock, Mystery Hill, and Hickory Ridge History Museum.

Investment Highlights

  • Fee Simple Interest in the 40-unit, Americourt Hotel, Located in Mountain City, Tennessee
  • Johnson County Community Hospital, 1.2 Miles Away, Offers Inpatient Care Services and a 24-hour Emergency Medical Facility
  • Parkdale Mills, Less Than 1 Mile Away, is a Leading Yarn Manufacturer | Large-scale Manufacturing and Distribution Plant
  • Doe Mountain Recreation Area, 5.5 Miles Away, is an 8,600-Acre Preserved Area, Perfect for Hiking, Biking, and ATV Riding
  • Boone, North Carolina, 21 Miles Away, is Mountain Town Filled with Breweries, Leisure Activities, Restaurants, Retail and Many Outdoor Attractions
  • Appalachian State University, 22 Miles Away, is a Public University in North Carolina with an Enrollment of Over 20,000 Undergraduate and Graduate Students
  • Tri Cities Regional Airport. 34 Miles Away, Offers Flights from Major Airlines Including United, Delta, Alaska Air, and Much More

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Hotel-Motel

Americourt Hotel

Listing Price: $1,850,000

Cap Rate
6.40%
Number of Rooms
40
RevPAR
$33
Gross SF
21,969
Price/Room
$46,250
Price/Gross SF
$84.21
Year Built
1991

Investment Highlights

  • Fee Simple Interest in the 40-unit, Americourt Hotel, Located in Mountain City, Tennessee
  • Johnson County Community Hospital, 1.2 Miles Away, Offers Inpatient Care Services and a 24-hour Emergency Medical Facility
  • Parkdale Mills, Less Than 1 Mile Away, is a Leading Yarn Manufacturer | Large-scale Manufacturing and Distribution Plant
  • Doe Mountain Recreation Area, 5.5 Miles Away, is an 8,600-Acre Preserved Area, Perfect for Hiking, Biking, and ATV Riding
  • Boone, North Carolina, 21 Miles Away, is Mountain Town Filled with Breweries, Leisure Activities, Restaurants, Retail and Many Outdoor Attractions
  • Appalachian State University, 22 Miles Away, is a Public University in North Carolina with an Enrollment of Over 20,000 Undergraduate and Graduate Students
  • Tri Cities Regional Airport. 34 Miles Away, Offers Flights from Major Airlines Including United, Delta, Alaska Air, and Much More

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 40-unit, Americourt Hotel, located in Mountain City, Tennessee. The subject property was built in 1991 and is situated on 1.62 acres of land. Premium amenities are that property include an outdoor swimming pool and seating area for guests to relax outside. Common area amenities include complimentary breakfast, shared lounge area with a fireplace, meeting room, business center, free on-site parking, and a 24-hour reception desk. Each guest room is equipped with free Wi-Fi, flat-screen TV, alarm clock radio, telephone, private bathroom, hairdryer, and clothes rack. The Americourt Hotel is located along U.S.-421 in Mountain City, Tennessee, just north of the North Carolina state border. The area boasts outdoor attractions including nearby skiing mountains, hiking, biking, and much more. Less than 1 mile from the hotel Parkdale Mills, a prominent yarn producer in the U.S., has a large-scale manufacturing and distribution plant, which draws in frequent travelers picking up deliveries. Other demand generators in the area include Johnson Country Community Hospital, 1.2 miles away, which offers inpatient care and 24-hour emergency medical services. Does Mountain Recreation Area, 5.5. miles away, is a preserved area with over 8,600-acres of land, perfect for hiking, biking, and ATV riding. Many restaurants and retail are located within 5 miles of the property. Boone, North Carolina, 21 miles away, is a popular destination nestled into the Blue Ridge Mountains featuring a plethora of restaurants, breweries, retail, and outdoor activities. Appalachian State University is located in Boone, 22 miles from the subject property, and is part of the University of North Carolina System, among 17 other colleges. The university enrolls more than 20,000 undergraduate and graduate students and highly known for its picturesque campus in the mountains. The area features many skiing areas including Appalachian Ski Mountain, Sugar Mountain, and Beech Mountain. Nearby attractions include Tanger Outlets Blowing Rock, Mystery Hill, and Hickory Ridge History Museum.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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