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Econo Lodge Inn & Suites, Fort Oglethorpe GA 2120 Lafayette Rd 38 Room Hotel Fort Oglethorpe, GA 30742 $2,068,410 CAD ($54,432 CAD/Room)
Investment Highlights
- Priced well below replacement costs
- Strategic location 8 miles south of downtown Chattanooga, 5 miles from I-24, and 6 miles from I-75
- Property for sale due to owner retiring
Executive Summary
Excellent opportunity to acquire a 38-room EconoLodge Inn & Suites hotel in Fort Oglethorpe, Georgia. Offered at an attractive asking price of $1,500,000, this hospitality property presents an opportunity for an investor or owner-operator seeking an established hotel asset in the Metro Chattanooga / Northwest Georgia market, priced well below replacement costs.
The property features 38 guest rooms + 2 manager's apartments and benefits from the area’s regional tourism, business, leisure, and contractors demand. Its Lafayette Road location off Battlefield Parkway provides convenient access to surrounding communities, commercial areas, and major transportation routes I-75 & I-24. Strategically located 8 miles from downtown Chattanooga, the property is within 20 minutes access to over $1 billion in economic development across 5+ major construction projects.
Nearby Attractions:
-1 mile to Chickamauga & Chattanooga National Military Park
-2 miles to Lake Winnepesaukah Amusement Park
-7 miles to UTC campus
-9 miles to TN Aquarium and surrounding downtown attractions
-9 miles to Lookout Mountain (Rock City and Ruby Falls)
-10 miles to Hamilton Place Mall & Shopping District
The property features 38 guest rooms + 2 manager's apartments and benefits from the area’s regional tourism, business, leisure, and contractors demand. Its Lafayette Road location off Battlefield Parkway provides convenient access to surrounding communities, commercial areas, and major transportation routes I-75 & I-24. Strategically located 8 miles from downtown Chattanooga, the property is within 20 minutes access to over $1 billion in economic development across 5+ major construction projects.
Nearby Attractions:
-1 mile to Chickamauga & Chattanooga National Military Park
-2 miles to Lake Winnepesaukah Amusement Park
-7 miles to UTC campus
-9 miles to TN Aquarium and surrounding downtown attractions
-9 miles to Lookout Mountain (Rock City and Ruby Falls)
-10 miles to Hamilton Place Mall & Shopping District
Property Facts
| Price | $2,068,410 CAD | Building Size | 32,641 SF |
| Price Per Room | $54,432 CAD | No. Rooms | 38 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1991/2022 |
| Property Subtype | Hotel | Parking Ratio | 1.44/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.37 AC | ||
| Zoning | FOR C-1 - Commercial | ||
| Price | $2,068,410 CAD |
| Price Per Room | $54,432 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 32,641 SF |
| No. Rooms | 38 |
| No. Stories | 2 |
| Year Built/Renovated | 1991/2022 |
| Parking Ratio | 1.44/1,000 SF |
| Corridor | Exterior |
| Zoning | FOR C-1 - Commercial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $133.76 CAD | - |
| Guest Room | 30 | $133.76 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0002F-090 | Improvements Assessment | $761,280 CAD |
| Land Assessment | $115,387 CAD | Total Assessment | $876,667 CAD |
Property Taxes
Parcel Number
0002F-090
Land Assessment
$115,387 CAD
Improvements Assessment
$761,280 CAD
Total Assessment
$876,667 CAD
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Presented by
Harish Patel
Econo Lodge Inn & Suites, Fort Oglethorpe GA | 2120 Lafayette Rd
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