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Quality Inn 1010 Cosby Hwy 94 Room Hotel Newport, TN 37821 $5,377,827 CAD ($57,211 CAD/Room)
EXECUTIVE SUMMARY
Introducing Quality Inn Newport, a prime investment opportunity located at 1010 Cosby Hwy, Newport TN 37821. With a total of 94 rooms, a 49,666 SF building, and sitting on 2.75 acres of land, this property boasts a rich history, having been established in 1968. Strategically positioned in a thriving area, the property offers significant potential for investors. The demographics within a 5-mile radius show promising population numbers and healthy income levels, indicating a strong market for hospitality services. Featuring a well-maintained facility with a spacious layout and modern amenities, the Quality Inn Newport presents an excellent opportunity for a lucrative investment in the hospitality sector. Don't miss the chance to own a piece of this thriving business in a sought-after location. Contact us today to learn more about this exclusive offering.
PROPERTY FACTS
| Price | $5,377,827 CAD | Building Size | 49,666 SF |
| Price Per Room | $57,211 CAD | No. Rooms | 94 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1968/2011 |
| Property Subtype | Hotel | Parking Ratio | 1.83/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.75 AC | ||
| Zoning | C-3 | ||
| Price | $5,377,827 CAD |
| Price Per Room | $57,211 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.75 AC |
| Building Size | 49,666 SF |
| No. Rooms | 94 |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2011 |
| Parking Ratio | 1.83/1,000 SF |
| Corridor | Interior |
| Zoning | C-3 |
AMENITIES
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 94 | $84.11 CAD | - |
PROPERTY TAXES
| Parcel Number | 056-018.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,052,275 CAD |
PROPERTY TAXES
Parcel Number
056-018.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,052,275 CAD
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Quality Inn | 1010 Cosby Hwy
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