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Hotel-Motel

Days Inn & Suites Pigeon Forge

3206 Parkway, Pigeon Forge, TN 37863

Listing Price: $10,500,000

Cap Rate
10.65%
Number of Rooms
115
RevPAR
$60
Gross SF
45,320
Price/Room
$91,304
Price/Gross SF
$231.69
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 115-unit, Days Inn & Suites Pigeon Forge, located in Pigeon Forge, Tennessee. The subject property is located on 1.3 acres and features 5 floors of well maintained guest rooms. Premium amenities include outdoor seating area including picnic tables to enjoy meals outdoors. Common area amenities include complimentary continental breakfast, business center with a fax & photocopy machine, shared TV lounge, free on-site parking, vending machines, and fitness center. Each guest room is equipped with free Wi-Fi, TV with cable channels, microwave, refrigerator, desk with chair, hairdryer, well-maintained guest rooms, and complimentary toiletries. The Days Inn & Suites is ideally located in Pigeon Forge, Tennessee with close proximity to many demand generators including entertainment attractions, amusement parks, restaurants and more. The Pigeon Forge area is known for an extensive amount of entertainment attractions including the Hollywood Wax Museum, The Island in Pigeon Forge, Titanic Museum, Wonder Works Pigeon Forge, and the Great Smoky Mountains. One of the main attractions for the area is Dollywood, 4 miles away, which is a large amusement owned by Dolly Parton. The park features rides, attractions, live music, food, and seasonal events during the holidays. Additionally, Dollywood features a resort and spa as well as a large waterpark nearby for guests to enjoy during the warmer months. Other demand generators in the area include LeConte Medical Center (5.6 miles), NASCAR Speed Park Smoky Mountains(3.9 miles), Tanger Outlets Sevierville (4.0 miles), and Walters State Community College (7.9 miles). Knoxville, Tennessee is in Eastern Tennessee, 47 miles north west of Pigeon Forge. The larger metro offers popular attractions, medical centers, and universities. The University of Tennessee is in Knoxville - a public university with an enrollment of more than 31,700 students. Knoxville is also home to Zoo Knoxville, Women’s Basketball Hall of Fame, Star of Knoxville Riverbank, Knoxville Museum of Art, Tennessee Theatre, Market Square, and Sunsphere Tower. Asheville, North Carolina is 88 miles west of Pigeon Forge. Known for being a popular North Carolina tourist destination, nestled in the Blue Ridge Mountains with an abundance of attractions, restaurants, retail and accommodations. Leisure & Hospitality is one of Asheville's largest industries; which saw upwards of 11.9 million visitors in 2019. Buncombe County, where Asheville is located, generated more than $275 million in revenue from the hospitality industry, specifically hotels, in 2021. Top demand generators in the area include The Biltmore Estate, Mission Hospital, Asheville Outlets and outdoor attractions.

Investment Highlights

  • Fee Simple Interest in the 115-Unit, Days Inn & Suites Pigeon Forge, Located in Pigeon Forge, Tennessee
  • Proximity to Larger Metros | Knoxville (47 Miles) & Asheville (88 Miles)
  • Nearby Attractions | Great Smokey Mountains National Park, Titanic Museum, Blue Grass Festival, & NASCAR Speed Park
  • Dollywood, 4 Miles Away, is a Well-Known Theme Park Owned by Dolly Parton | Seasonal Events, Attractions, Rides, & More
  • Tanger Outlets Sevierville, 4 Miles Away, is a Large Outdoor Outlet Mall with a Variety of Retail Stores
  • LeConte Medical Center, 5.6 Miles Away, is a $120 Million, Acute Care Hospital | Employs More than 140 Physicians and 500 Individuals

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Hotel-Motel

Days Inn & Suites Pigeon Forge

Listing Price: $10,500,000

Cap Rate
10.65%
Number of Rooms
115
RevPAR
$60
Gross SF
45,320
Price/Room
$91,304
Price/Gross SF
$231.69
Year Built
1987

Investment Highlights

  • Fee Simple Interest in the 115-Unit, Days Inn & Suites Pigeon Forge, Located in Pigeon Forge, Tennessee
  • Proximity to Larger Metros | Knoxville (47 Miles) & Asheville (88 Miles)
  • Nearby Attractions | Great Smokey Mountains National Park, Titanic Museum, Blue Grass Festival, & NASCAR Speed Park
  • Dollywood, 4 Miles Away, is a Well-Known Theme Park Owned by Dolly Parton | Seasonal Events, Attractions, Rides, & More
  • Tanger Outlets Sevierville, 4 Miles Away, is a Large Outdoor Outlet Mall with a Variety of Retail Stores
  • LeConte Medical Center, 5.6 Miles Away, is a $120 Million, Acute Care Hospital | Employs More than 140 Physicians and 500 Individuals

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 115-unit, Days Inn & Suites Pigeon Forge, located in Pigeon Forge, Tennessee. The subject property is located on 1.3 acres and features 5 floors of well maintained guest rooms. Premium amenities include outdoor seating area including picnic tables to enjoy meals outdoors. Common area amenities include complimentary continental breakfast, business center with a fax & photocopy machine, shared TV lounge, free on-site parking, vending machines, and fitness center. Each guest room is equipped with free Wi-Fi, TV with cable channels, microwave, refrigerator, desk with chair, hairdryer, well-maintained guest rooms, and complimentary toiletries. The Days Inn & Suites is ideally located in Pigeon Forge, Tennessee with close proximity to many demand generators including entertainment attractions, amusement parks, restaurants and more. The Pigeon Forge area is known for an extensive amount of entertainment attractions including the Hollywood Wax Museum, The Island in Pigeon Forge, Titanic Museum, Wonder Works Pigeon Forge, and the Great Smoky Mountains. One of the main attractions for the area is Dollywood, 4 miles away, which is a large amusement owned by Dolly Parton. The park features rides, attractions, live music, food, and seasonal events during the holidays. Additionally, Dollywood features a resort and spa as well as a large waterpark nearby for guests to enjoy during the warmer months. Other demand generators in the area include LeConte Medical Center (5.6 miles), NASCAR Speed Park Smoky Mountains(3.9 miles), Tanger Outlets Sevierville (4.0 miles), and Walters State Community College (7.9 miles). Knoxville, Tennessee is in Eastern Tennessee, 47 miles north west of Pigeon Forge. The larger metro offers popular attractions, medical centers, and universities. The University of Tennessee is in Knoxville - a public university with an enrollment of more than 31,700 students. Knoxville is also home to Zoo Knoxville, Women’s Basketball Hall of Fame, Star of Knoxville Riverbank, Knoxville Museum of Art, Tennessee Theatre, Market Square, and Sunsphere Tower. Asheville, North Carolina is 88 miles west of Pigeon Forge. Known for being a popular North Carolina tourist destination, nestled in the Blue Ridge Mountains with an abundance of attractions, restaurants, retail and accommodations. Leisure & Hospitality is one of Asheville's largest industries; which saw upwards of 11.9 million visitors in 2019. Buncombe County, where Asheville is located, generated more than $275 million in revenue from the hospitality industry, specifically hotels, in 2021. Top demand generators in the area include The Biltmore Estate, Mission Hospital, Asheville Outlets and outdoor attractions.

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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