Hotel-Motel
Red Roof Inn Johnson City
210 Broyles Dr, Johnson City, TN 37604
Listing Price: $7,500,000
Investment Overview
Marcus & Millichap is pleased to offer for sale a fee simple interest in the 115-unit, Red Roof Inn Johnson City, located in Johnson City, Tennessee. The subject property is ideally located on 2.04 acres and features 2 floors of well-maintained guest rooms. The property is being offered with a minimal property improvement plan for a new investor. Common area amenities include free on-site parking, complimentary coffee & tea in the lobby, outdoor gazebo, vending machines, daily housekeeping, and a fax/photocopy machines. Each guest room is equipped with free Wi-Fi, microwave, refrigerator, flat-screen TV, desk with chair, clothes rack and a clock radio.
Nestled in the foothills of the scenic Appalachian Mountains, Johnson City, Tennessee combines big-city amenities, small-town Southern charm, and world-class outdoor recreation. Johnson City is known for outdoor activities at Winged Deer Park, which offers boating and disc golf, and Buffalo Mountain Park, with trails and sweeping views. Johnson City is the home of East Tennessee State University, a school of 14,000 students and a major medical school and teaching hospital. The hotel is about 3.4 miles from the Johnson City Medical Center, 4 miles from East Tennessee State University, and less than 15 miles from Bristol Motor Speedway. Other attractions near the hotel include the Rocky Mount Museum, Jonesborough Historic District, and Peerless shopping center.
Red Roof Inn Johnson City
Investment Highlights
- Fee simple interest in the 115-unit, Red Roof Inn Johnson City, located in Johnson City, Tennessee
- Interstate location minutes from all major demand generators including hospitals, universities, golf courses, shopping centers, restaurants
- Johnson City Medical Center, 3.4 miles away, is a 455-bed medical center with a Level 1 trauma center
- East Tennessee State University, 4 miles away, enrolls more than 14,000 students | Large Medical School & Teaching Hospital
- Located near Bristol Motor Speedway | Attracts 500,000+ visitors annually to the region with major NASCAR and NCAA sporting events
- The Johnson City region has added multiple new breweries in the past three years increasing leisure demand
Listing Price: $7,500,000
Investment Highlights
- Fee simple interest in the 115-unit, Red Roof Inn Johnson City, located in Johnson City, Tennessee
- Interstate location minutes from all major demand generators including hospitals, universities, golf courses, shopping centers, restaurants
- Johnson City Medical Center, 3.4 miles away, is a 455-bed medical center with a Level 1 trauma center
- East Tennessee State University, 4 miles away, enrolls more than 14,000 students | Large Medical School & Teaching Hospital
- Located near Bristol Motor Speedway | Attracts 500,000+ visitors annually to the region with major NASCAR and NCAA sporting events
- The Johnson City region has added multiple new breweries in the past three years increasing leisure demand
Investment Overview
Marcus & Millichap is pleased to offer for sale a fee simple interest in the 115-unit, Red Roof Inn Johnson City, located in Johnson City, Tennessee. The subject property is ideally located on 2.04 acres and features 2 floors of well-maintained guest rooms. The property is being offered with a minimal property improvement plan for a new investor. Common area amenities include free on-site parking, complimentary coffee & tea in the lobby, outdoor gazebo, vending machines, daily housekeeping, and a fax/photocopy machines. Each guest room is equipped with free Wi-Fi, microwave, refrigerator, flat-screen TV, desk with chair, clothes rack and a clock radio. Nestled in the foothills of the scenic Appalachian Mountains, Johnson City, Tennessee combines big-city amenities, small-town Southern charm, and world-class outdoor recreation. Johnson City is known for outdoor activities at Winged Deer Park, which offers boating and disc golf, and Buffalo Mountain Park, with trails and sweeping views. Johnson City is the home of East Tennessee State University, a school of 14,000 students and a major medical school and teaching hospital. The hotel is about 3.4 miles from the Johnson City Medical Center, 4 miles from East Tennessee State University, and less than 15 miles from Bristol Motor Speedway. Other attractions near the hotel include the Rocky Mount Museum, Jonesborough Historic District, and Peerless shopping center.
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