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Hotel-Motel

Donoho Hotel

500 E Main St, Red Boiling Springs, TN 37150

Listing Price: $2,627,000

Cap Rate
7.85%
Number of Rooms
37
RevPAR
$27
Gross SF
20,040
Price/Room
$71,000
Price/Gross SF
$131.09
Year Built
1914

Investment Overview

Marcus & Millichap is pleased to offer for sale the Donoho Hotel. Built in 1914, the hotel is listed in the National Register of Historic Places and was once visited by U.S. President Woodrow Wilson. It maintains the original structure along with many elements and characteristics perfectly preserved over the years. The two-story main building features a mix of exterior and interior corridors, 37 guestrooms, a welcoming lobby and parlor, dining room, wrap around porches and plenty of outdoor space. Included in the sale is a 7,000 square foot separate entertainment center adjacent to the main building. The hotel is located in Red Boiling Springs, TN and is a popular getaway for folks to make the 1.5 hour drive from Nashville, 45 minutes from Cookeville or 30 minutes from Gainesboro, to escape the hustle and bustle and enjoy friendly accommodations, home cooked meals and live entertainment. With a 100-person dining room, separate event space, and abundant outdoor space, the property is also popular for weddings, retreats, and reunions. The Donoho Hotel is perfect for a motivated investor who recognizes the charming and unique historic qualities and its untapped potential.

Investment Highlights

  • Listed in National Register of Historic Places
  • 100-person Dining Room
  • Separate +/-7,000 SF Entertainment Hall with commercial kitchen
  • Recently updated bathrooms, roof recently repaired, updated Wi-Fi throughout the property
  • Excellent business opportunity for an on-site, hands-on manager with plenty opportunity to increase revenue stream through targeted marketing strategies and dedicated sales personnel

Exclusively Listed By

Listing Price: $2,627,000

Cap Rate
7.85%
Number of Rooms
37
RevPAR
$27
Gross SF
20,040
Price/Room
$71,000
Price/Gross SF
$131.09
Year Built
1914

Investment Highlights

  • Listed in National Register of Historic Places
  • 100-person Dining Room
  • Separate +/-7,000 SF Entertainment Hall with commercial kitchen
  • Recently updated bathrooms, roof recently repaired, updated Wi-Fi throughout the property
  • Excellent business opportunity for an on-site, hands-on manager with plenty opportunity to increase revenue stream through targeted marketing strategies and dedicated sales personnel

Investment Overview

Marcus & Millichap is pleased to offer for sale the Donoho Hotel. Built in 1914, the hotel is listed in the National Register of Historic Places and was once visited by U.S. President Woodrow Wilson. It maintains the original structure along with many elements and characteristics perfectly preserved over the years. The two-story main building features a mix of exterior and interior corridors, 37 guestrooms, a welcoming lobby and parlor, dining room, wrap around porches and plenty of outdoor space. Included in the sale is a 7,000 square foot separate entertainment center adjacent to the main building. The hotel is located in Red Boiling Springs, TN and is a popular getaway for folks to make the 1.5 hour drive from Nashville, 45 minutes from Cookeville or 30 minutes from Gainesboro, to escape the hustle and bustle and enjoy friendly accommodations, home cooked meals and live entertainment. With a 100-person dining room, separate event space, and abundant outdoor space, the property is also popular for weddings, retreats, and reunions. The Donoho Hotel is perfect for a motivated investor who recognizes the charming and unique historic qualities and its untapped potential.

Exclusively Listed By

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