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Hotel-Motel

Baymont by Wyndham Chattanooga - Hamilton Place

7017 Shallowford Rd, Chattanooga, TN 37421

Listing Price: $6,250,000

Cap Rate
7.93%
Number of Rooms
129
RevPAR
$30
Gross SF
62,526
Price/Room
$48,450
RRM
4.38
Price/Gross SF
$99.96
Year Built
1986

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.

Investment Highlights

  • Fee simple interest in the 129-unit, Baymont by Wyndham Chattanooga - Hamilton Place, located in Chattanooga, Tennessee
  • Conveniently located off I- 75 with close proximity to all demand genertors
  • Downtown Chattanooga, 13 miles away, features entertainment attracts, restaurants, retail, and much more
  • Attractions | Hamilton Place Mall, Tennessee Aquarium, Lookout Mountain Incline Railway, AT&T Field, Sculpture Fields at Montague Park & More
  • New development in the metropolitian area is being discussed and will provide hundrends of new jobs
  • Chattanooga Airport, 3.5 miles away, provides service to more than 370,000 passengers annually

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Hotel-Motel

Baymont by Wyndham Chattanooga - Hamilton Place

Listing Price: $6,250,000

Cap Rate
7.93%
Number of Rooms
129
RevPAR
$30
Gross SF
62,526
Price/Room
$48,450
RRM
4.38
Price/Gross SF
$99.96
Year Built
1986

Investment Highlights

  • Fee simple interest in the 129-unit, Baymont by Wyndham Chattanooga - Hamilton Place, located in Chattanooga, Tennessee
  • Conveniently located off I- 75 with close proximity to all demand genertors
  • Downtown Chattanooga, 13 miles away, features entertainment attracts, restaurants, retail, and much more
  • Attractions | Hamilton Place Mall, Tennessee Aquarium, Lookout Mountain Incline Railway, AT&T Field, Sculpture Fields at Montague Park & More
  • New development in the metropolitian area is being discussed and will provide hundrends of new jobs
  • Chattanooga Airport, 3.5 miles away, provides service to more than 370,000 passengers annually

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.

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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