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Hotel-Motel

Econo Lodge Greeneville

1790 E Andrew Johnson Hwy, Greeneville, TN 37745

Listing Price: $1,925,000

Cap Rate
5.82%
Number of Rooms
90
RevPAR
$13
Gross SF
43,230
Price/Room
$21,389
RRM
4.52
Price/Gross SF
$44.53
Year Built
1968

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 90-unit, Econo Lodge located in Greenville, Tennessee. This well-appointed hotel was constructed in 1986 and is being offered well below replacement costs with the ability to retain the current franchise. Guest rooms with colorful accents feature free Wi-Fi, flat-screen TVs and desks, as well as coffeemakers, minifridges and microwaves. A continental breakfast buffet and parking are complimentary. Additional amenities include a fitness center, a seasonal outdoor pool and event space.

Investment Highlights

  • Fee simple interest in the 90-unit, Econo Lodge located in Greenville, TN
  • Located off 11E near Interstate 81 and about 40 miles north of Tri-City Airport
  • Strategically located within walking distance to many restaurants and retailers

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Listing Price: $1,925,000

Cap Rate
5.82%
Number of Rooms
90
RevPAR
$13
Gross SF
43,230
Price/Room
$21,389
RRM
4.52
Price/Gross SF
$44.53
Year Built
1968

Investment Highlights

  • Fee simple interest in the 90-unit, Econo Lodge located in Greenville, TN
  • Located off 11E near Interstate 81 and about 40 miles north of Tri-City Airport
  • Strategically located within walking distance to many restaurants and retailers

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 90-unit, Econo Lodge located in Greenville, Tennessee. This well-appointed hotel was constructed in 1986 and is being offered well below replacement costs with the ability to retain the current franchise. Guest rooms with colorful accents feature free Wi-Fi, flat-screen TVs and desks, as well as coffeemakers, minifridges and microwaves. A continental breakfast buffet and parking are complimentary. Additional amenities include a fitness center, a seasonal outdoor pool and event space.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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