Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Best Western Plus Arbour Inn & Suites (‘Hotel’ or ‘Property’) located in East Ridge, Tennessee. The Best Western Hotels-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. The Best Western Plus Arbour Inn & Suites is a 110-room, three-story Hotel stationed at 6710 Ringgold Rd in East Ridge, Tennessee, just off U.S. Highway 41 and Interstate 75. Various common area amenities at the Property include an outdoor pool, breakfast area, meeting space, vending machines, and business center. East Ridge is a charming city located in the southeastern part of the state, just south of Chattanooga. East Ridge has a wide range of activities and entertainment venues in proximity to the town and benefits from the nearby entertainment demand drivers in Chattanooga. Visitors can embark on scenic adventures, exploring Lookout Mountain (12.1 miles) and the majestic Ruby Falls (10.8 miles) or enjoying breathtaking views from the iconic Incline Railway (9.3 miles). History and art enthusiasts can delve into the city's cultural heritage at the Hunter Museum of American Art (8.9 miles) and the Tennessee Valley Railroad Museum (7.4 miles). The Tennessee Riverwalk provides a picturesque setting for leisurely strolls and biking along the waterfront. Chattanooga hosts a variety of local events throughout the year, including the Riverbend Festival, a renowned music and arts celebration that draws crowds from near and far. For family fun, the Creative Discovery Museum (10 miles) offers interactive exhibits and educational activities for children. Outdoor lovers can revel in the beauty of Rock City Gardens, with its enchanting rock formations and vibrant gardens. The Chattanooga Zoo (7.1 miles) provides an opportunity to encounter fascinating wildlife from around the world. Chattanooga's economy is characterized by a dynamic mix of industries, contributing to its thriving business landscape. The city is home to major employers such as BlueCross BlueShield of Tennessee (9.8 miles), a prominent healthcare insurance provider, and Volkswagen (10.8 miles), which has a significant manufacturing presence in the area. In recent years, Chattanooga has witnessed substantial investments in revitalizing its downtown area, attracting new businesses, and enhancing the urban environment. The city's commitment to sustainability and green initiatives has garnered recognition, making Chattanooga a leader in eco-friendly practices. Moreover, the city's strategic location at the crossroads of major highways and railways has established it as a vital transportation hub, further fueling economic growth and attracting logistics and distribution companies. Revenues are expected to reach over $2 million for the trailing twelve-month period ending in December 2023. As of June, twelve-month average RevPAR in the Chattanooga hotel submarket was firmly in the green and climbing at an annual rate of 9.7 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.