Hotel-Motel
Paris Inn & Suites
1297 E Wood St, Paris, TN 38242
Listing Price: $1,700,000
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Paris Inn & Suites (‘Hotel’ or ‘Property’) located in Paris, Tennessee. The Independent Hotel is offered at $1,700,000 or $17,347 per key.
The Paris Inn & Suites is located at 1297 E Wood St in Paris, Tennessee, just off U.S. Highway 79. The 58-room, exterior-corridor, two-story building was constructed in 1984 and spans 4.83 acres. Various common area amenities at the Property include an outdoor pool, banquet space, restaurant and bar, and spacious parking.
Paris, Tennessee, is the county seat of Henry Country and is located 121 miles Northwest of Nashville and 212 miles Northeast of Memphis. Paris offers a variety of popular activities for both locals and visitors. Nature enthusiasts can explore the serene beauty of Kentucky Lake (13.9 miles) and Paris Landing State Park (14.2 miles), perfect for fishing, boating, and enjoying breathtaking sunsets. Kentucky Lake and Paris Landing State Park host many fishing tournaments throughout the year, such as Cabela’s Big Fish Event, King Kat Fishing Tournament, and Carl Perkins Cast-N-Blast Tournament. History buffs can immerse themselves in the past at the Eiffel Tower Park (1.5 miles), home to a scaled replica of the iconic Parisian landmark. The city also hosts local events like the World's Biggest Fish Fry, an annual celebration featuring delicious catfish and exciting festivities, as well as the Henry County Fair, Festival of Trees, and the PBR Rodeo.
Paris offers one of the largest medical communities in West Tennessee with people coming from the surrounding communities to visit Henry County Medical Center (1 mile). Henry County Medical Center is one of Paris’s largest employers with 649 employees. Another one of Paris’s major employers is Dana Incorporated (2.4 miles), an auto parts manufacturer that employs an estimated 616 people. Recently, there have been notable investments in the area, contributing to economic growth and job opportunities. Some of these investments include the expansion of manufacturing facilities and infrastructure improvements to attract new businesses to the region.
In the trailing twelve-month period ending in December 2022, the limited-service Hotel recorded room revenues of over $560,000 and a net operating income of just over $167,000, or 29.8 percent as a percentage of total revenues. As of June, the twelve-month average RevPAR in the Tennessee West Area hotel submarket was climbing at an annual rate of 5.2 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.
Investment Highlights
- Two-Story, 58-Room, Exterior-Corridor Hotel
- Located 121 Miles Northwest of Nashville and 212 Miles Northeast of Memphis
- Easily Accessible and Highly Visible from U.S. Highway 79
- Situated Under 10 Miles from Paris's Largest Employers and Highest Value Businesses
- TTM December 2022 Room Revenues Exceeded $560,000 while Maintaining a NOI Over $167,000
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
Listing Price: $1,700,000
Investment Highlights
- Two-Story, 58-Room, Exterior-Corridor Hotel
- Located 121 Miles Northwest of Nashville and 212 Miles Northeast of Memphis
- Easily Accessible and Highly Visible from U.S. Highway 79
- Situated Under 10 Miles from Paris's Largest Employers and Highest Value Businesses
- TTM December 2022 Room Revenues Exceeded $560,000 while Maintaining a NOI Over $167,000
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Paris Inn & Suites (‘Hotel’ or ‘Property’) located in Paris, Tennessee. The Independent Hotel is offered at $1,700,000 or $17,347 per key. The Paris Inn & Suites is located at 1297 E Wood St in Paris, Tennessee, just off U.S. Highway 79. The 58-room, exterior-corridor, two-story building was constructed in 1984 and spans 4.83 acres. Various common area amenities at the Property include an outdoor pool, banquet space, restaurant and bar, and spacious parking. Paris, Tennessee, is the county seat of Henry Country and is located 121 miles Northwest of Nashville and 212 miles Northeast of Memphis. Paris offers a variety of popular activities for both locals and visitors. Nature enthusiasts can explore the serene beauty of Kentucky Lake (13.9 miles) and Paris Landing State Park (14.2 miles), perfect for fishing, boating, and enjoying breathtaking sunsets. Kentucky Lake and Paris Landing State Park host many fishing tournaments throughout the year, such as Cabela’s Big Fish Event, King Kat Fishing Tournament, and Carl Perkins Cast-N-Blast Tournament. History buffs can immerse themselves in the past at the Eiffel Tower Park (1.5 miles), home to a scaled replica of the iconic Parisian landmark. The city also hosts local events like the World's Biggest Fish Fry, an annual celebration featuring delicious catfish and exciting festivities, as well as the Henry County Fair, Festival of Trees, and the PBR Rodeo. Paris offers one of the largest medical communities in West Tennessee with people coming from the surrounding communities to visit Henry County Medical Center (1 mile). Henry County Medical Center is one of Paris’s largest employers with 649 employees. Another one of Paris’s major employers is Dana Incorporated (2.4 miles), an auto parts manufacturer that employs an estimated 616 people. Recently, there have been notable investments in the area, contributing to economic growth and job opportunities. Some of these investments include the expansion of manufacturing facilities and infrastructure improvements to attract new businesses to the region. In the trailing twelve-month period ending in December 2022, the limited-service Hotel recorded room revenues of over $560,000 and a net operating income of just over $167,000, or 29.8 percent as a percentage of total revenues. As of June, the twelve-month average RevPAR in the Tennessee West Area hotel submarket was climbing at an annual rate of 5.2 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

