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Hotel-Motel

Baymont Inn & Suites Johnson City

2606 N Roan St, Johnson City, TN 37601

Listing Price: $2,695,000

Cap Rate
2.56%
Number of Rooms
91
RevPAR
$15
Gross SF
49,628
Price/Room
$29,615
RRM
5.27
Price/Gross SF
$54.30
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 91-key Baymont Inn & Suites by Wyndham located in Johnson City, Tennessee. This well-appointed hotel was constructed in 1975 and is being offered well below replacement costs with the ability to retain the current franchise. In 2018 the owners removed the wallpaper and painted all the rooms, then replaced the carpets in all the rooms, lobby, and meeting room. The Baymont Inn & Suites Johnson City hotel near Bristol Motor Speedway is conveniently located on Route 19 West.

Investment Highlights

  • Fee simple interest in the 91-unit, Baymont by Wyndham Johnson City
  • Extremely well maintained offered with minimal Property Improvement Plan
  • Interstate location just minutes from ALL major demand generators
  • Located near Bristol Motor Speedway which attracts more than 500,000 visitors

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Hotel-Motel

Baymont Inn & Suites Johnson City

Listing Price: $2,695,000

Cap Rate
2.56%
Number of Rooms
91
RevPAR
$15
Gross SF
49,628
Price/Room
$29,615
RRM
5.27
Price/Gross SF
$54.30
Year Built
1975

Investment Highlights

  • Fee simple interest in the 91-unit, Baymont by Wyndham Johnson City
  • Extremely well maintained offered with minimal Property Improvement Plan
  • Interstate location just minutes from ALL major demand generators
  • Located near Bristol Motor Speedway which attracts more than 500,000 visitors

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 91-key Baymont Inn & Suites by Wyndham located in Johnson City, Tennessee. This well-appointed hotel was constructed in 1975 and is being offered well below replacement costs with the ability to retain the current franchise. In 2018 the owners removed the wallpaper and painted all the rooms, then replaced the carpets in all the rooms, lobby, and meeting room. The Baymont Inn & Suites Johnson City hotel near Bristol Motor Speedway is conveniently located on Route 19 West.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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