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Residence Inn Chattanooga Downtown 215 Chestnut St 76 Room Hotel Chattanooga, TN 37402 For Sale
Executive Summary
Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the 76-room, four-story Residence Inn by Marriott Chattanooga Downtown (the “Hotel”). Ideally positioned in the heart of downtown Chattanooga, the Hotel sits within walking distance of the Tennessee Aquarium, Chattanooga Riverwalk, and the Hunter Museum of American Art, and just half a mile from both the 185,000-square-foot Chattanooga Convention Center and the 950,000-square-foot BlueCross BlueShield of Tennessee headquarters. This centralized location places the Hotel at the nexus of Chattanooga’s corporate, educational, and leisure demand generators, providing a resilient and diversified demand base.
Property Facts
| Sale Type | Investment | No. Rooms | 76 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1996/2016 |
| Building Class | B | Parking Ratio | 1.16/1,000 SF |
| Lot Size | 0.58 AC | Corridor | Interior |
| Building Size | 60,508 SF | Opportunity Zone |
Yes
|
| Zoning | C1 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.58 AC |
| Building Size | 60,508 SF |
| No. Rooms | 76 |
| No. Stories | 4 |
| Year Built/Renovated | 1996/2016 |
| Parking Ratio | 1.16/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C1 |
Amenities
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 76 | $363.79 CAD | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 135K-A-004.01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,173,102 CAD |
Property Taxes
Parcel Number
135K-A-004.01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,173,102 CAD
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Residence Inn Chattanooga Downtown | 215 Chestnut St
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