The Chatt Inn - Chattanooga 2000 E 23rd St 155 Room Hotel Chattanooga, TN 37404 $12,563,280 CAD ($81,053 CAD/Room)

Rooms: 155
Exterior Corridor
Lot Size: 3.23 acres
2 Stories
Close to All Demand Generators
Bank Financing Available
The Chatt Inn in Chattanooga, Tennessee is ideally positioned right off Interstate I-24, offering direct access to major regional corridors and excellent connectivity throughout the city. The property is located approximately 3 miles from Downtown Chattanooga, placing it within close reach of the city’s commercial, cultural, and entertainment hubs. Nearby attractions include the Chattanooga Zoo at 1.5 miles, Warner Park at 1.2 miles, and Engel Stadium at just 1 mile from the property. Iconic destinations such as the Tennessee Aquarium and Chattanooga Riverfront are within 3 miles, while the University of Tennessee at Chattanooga is situated about 2.5 miles away. The property is also approximately 4 miles from Lookout Mountain and Ruby Falls, two of the region’s most visited natural landmarks. Retail and dining clusters along Brainerd Road are less than 1 mile away, providing strong local amenities. For healthcare, Erlanger Medical Center is 3 miles from the site, serving as one of the largest hospitals in the region. The nearest airport is Chattanooga Metropolitan Airport, located approximately 7 miles east, offering commercial flight access to major destinations. With its strategic interstate frontage, proximity to downtown, and strong surrounding institutional and recreational demand drivers, the property presents a compelling investment opportunity in the growing Chattanooga market.
Location Highlights:
1. Interstate Access – Located directly off Interstate I-24, providing excellent regional connectivity and direct access to Downtown Chattanooga and surrounding areas.
2. Proximity to Downtown – Approximately 3 miles from Downtown Chattanooga, home to major business, cultural, and entertainment destinations.
3. Nearby Attractions – Within 1.5 miles of Chattanooga Zoo, 1.2 miles from Warner Park, and 1 mile from Engel Stadium, with the Tennessee Aquarium and Riverfront just 3 miles away.
4. Education & Institutions – About 2.5 miles from the University of Tennessee at Chattanooga, a major educational and economic anchor in the city.
5. Recreational Landmarks – Roughly 4 miles to Lookout Mountain and Ruby Falls, two of the region’s most visited natural attractions.
6. Healthcare Access – Erlanger Medical Center, one of the largest regional hospitals, is only 3 miles from the property.
7. Airport Access – Chattanooga Metropolitan Airport is located approximately 7 miles east, offering convenient commercial air travel.
Chattanooga, Tennessee is a city in the midst of a significant economic and urban renaissance, with a range of developments poised to drive sales for local businesses. The city's focus on a "river-first" strategy, along with attracting new industries and fostering a vibrant downtown, is creating new opportunities for growth. Here are some of the key developments that could drive sales in Chattanooga:
"The Bend" Urban Development: This is a massive, 120-acre mixed-use development transforming a former industrial site along the Tennessee River. It's designed to be a walkable, vehicle-optional community with a mix of workspaces, residential areas, retail, and entertainment venues. Projects like this create a brand-new destination that will draw in residents, corporate tenants, and visitors, driving sales across all sectors.
New Commercial and Hotel Construction: There is a consistent pipeline of new hotels and commercial spaces opening, particularly in the downtown and Hamilton Place areas. This includes new hotel brands like Home2 Suites and Drury Hotels, as well as a variety of new restaurants and retail stores.
Downtown Revitalization: The city is making investments in its downtown core to improve the overall environment for both residents and tourists. A new Business Resource Center is being built to support entrepreneurs and small businesses, while initiatives like the Riverfront redevelopment are creating more appealing public spaces that encourage people to stay and spend money.
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