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.