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Hotel-Motel

Holiday Inn Express Newport South TN

1022 Cosby Hwy, Newport, TN 37821

Listing Price: $6,000,000

Cap Rate
0.64%
Number of Rooms
71
RevPAR
$46
Gross SF
47,068
Price/Room
$84,507
RRM
5.00
Price/Gross SF
$127.48
Year Built
2009

Investment Overview

The Holiday Inn Express Hotel Newport South property is located in the middle of the natural, scenic beauty of southern Appalachia. Minutes from the neighboring towns of Gatlinburg and Pigeon Forge, and seconds off Interstate 40 at exit 435. The hotel is near the best Cocke County businesses and attractions. The hotel has multiple revenue drivers including being close to many corporations such as; ConAgra, Sonoco Products, Lisega Inc., AeroPro, Duke Energy, Norfolk Southern, and Tennessee Valley Authority. This area is known as the gateway to the Great Smoky Mountains and makes this hotels location near popular tourist attractions and activities. The hotel is close to Dollywood, Pigeon River, the Newport Speedway and a great escape to the banks of the French Broad River to tour historic sites like the Cocke County Courthouse, Elm Hill and Rhea-Mims Hotel. The hotel is a 100 percent non-smoking property.

Investment Highlights

  • Highly Sought After Location
  • IHG Holiday Inn Express is a High Quality Brand in The Upper Mid-Scale Market
  • Multiple Revenue Drivers, Business and Tourism

Exclusively Listed By

Hotel-Motel

Holiday Inn Express Newport South TN

Listing Price: $6,000,000

Cap Rate
0.64%
Number of Rooms
71
RevPAR
$46
Gross SF
47,068
Price/Room
$84,507
RRM
5.00
Price/Gross SF
$127.48
Year Built
2009

Investment Highlights

  • Highly Sought After Location
  • IHG Holiday Inn Express is a High Quality Brand in The Upper Mid-Scale Market
  • Multiple Revenue Drivers, Business and Tourism

Investment Overview

The Holiday Inn Express Hotel Newport South property is located in the middle of the natural, scenic beauty of southern Appalachia. Minutes from the neighboring towns of Gatlinburg and Pigeon Forge, and seconds off Interstate 40 at exit 435. The hotel is near the best Cocke County businesses and attractions. The hotel has multiple revenue drivers including being close to many corporations such as; ConAgra, Sonoco Products, Lisega Inc., AeroPro, Duke Energy, Norfolk Southern, and Tennessee Valley Authority. This area is known as the gateway to the Great Smoky Mountains and makes this hotels location near popular tourist attractions and activities. The hotel is close to Dollywood, Pigeon River, the Newport Speedway and a great escape to the banks of the French Broad River to tour historic sites like the Cocke County Courthouse, Elm Hill and Rhea-Mims Hotel. The hotel is a 100 percent non-smoking property.

Exclusively Listed By

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