Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 129-unit, Baymont by Wyndham Chattanooga - Hamilton Place, located in Chattanooga, Tennessee. The subject property is ideally located on 2.50 acres and features 2 floors of well-maintained guest rooms. Common area amenities include complimentary breakfast, guest-laundry facilities, business center with fax & photocopy machines, free on-site parking, 24-hour front desk, and a seasonal outdoor swimming pool. Each guest room is equipped with free Wi-Fi, flat-screen TV, desk with chair, minifridge, microwave, in-room coffee & tea maker and hairdryer. The Baymont is conveniently located along I-75, just 13 miles outside of downtown Chattanooga. Situated in the Southeastern region of Tennessee along the North Carolina state border, Chattanooga is brimming with natural attractions, such as Lookout Mountain, and a lively metropolitan area saturated with corporate offices, hospitals, colleges, restaurants, and entertainment attractions. Primary demand generators in the area include the Tennessee Aquarium, AT&T Field, Hamilton Place Mall, Lookout Mountain Incline Railway, Hunter Museum of American Art, and many other museums. University of Tennessee at Chattanooga, less than 9 miles away, enrolls more than 11,200 students and offers over 140 undergraduate and graduated degree programs. Possible new development in the metro area is being considered, including a $100 million development of the North River Commerce Park, formerly the DuPont site, which will create 600 new jobs for the area. Additionally, the South Broad Redevelopment will facilitate in revitalizing the I-24 entrance to downtown Chattanooga with new businesses and a minor-league baseball stadium. For traveling to the area, the Chattanooga Airport, 3.5 miles away, provides service to more than 370,000 passengers annually and offers flights from major airlines including Delta, America, United, and Allegiant.