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Hotel-Motel

Hampton Inn Newport TN

1020 Cosby Hwy, Newport, TN 37821

Listing Price: $9,000,000

Number of Rooms
72
RevPAR
$39
Gross SF
54,450
Price/Room
$125,000
RRM
8.47
Price/Gross SF
$165.29
Year Built
2017

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Hampton Inn in Newport, Tennessee. The 71-room hotel was built in 2009 and sits on five acres. The asset consists of one building with interior rooms of approximately 54,700 square feet. The hotel is located right 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. This area is known as the gateway to the Great Smoky Mountains, a great vacation spot for tourists with attractions and family activities. 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 property is 100 percent non-smoking.

Investment Highlights

  • Middle Tennessee location
  • Highly Sought After Hilton Brand, Hampton Inn Upper Midscale Market
  • Multiple Revenue Drivers, Business and Tourism

Exclusively Listed By

Hotel-Motel

Hampton Inn Newport TN

Listing Price: $9,000,000

Number of Rooms
72
RevPAR
$39
Gross SF
54,450
Price/Room
$125,000
RRM
8.47
Price/Gross SF
$165.29
Year Built
2017

Investment Highlights

  • Middle Tennessee location
  • Highly Sought After Hilton Brand, Hampton Inn Upper Midscale Market
  • Multiple Revenue Drivers, Business and Tourism

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Hampton Inn in Newport, Tennessee. The 71-room hotel was built in 2009 and sits on five acres. The asset consists of one building with interior rooms of approximately 54,700 square feet. The hotel is located right 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. This area is known as the gateway to the Great Smoky Mountains, a great vacation spot for tourists with attractions and family activities. 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 property is 100 percent non-smoking.

Exclusively Listed By

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