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Spark by Hilton Kodak TN 3402 Winfield Dunn Pky 77 Room Hotel Kodak, TN 37764 $10,297,350 CAD ($133,732 CAD/Room)
Investment Highlights
- The property has undergone a comprehensive $1.7M interior/exterior renovation in connection with its conversion to Spark by Hilton
- Competitive set RevPAR is ~$50.65 vs. subject at $26.62 post-renovation. Projected to stabilize with revenues exceeding $1.7M annually.
- Gateway to Smoky Mountains near Sevierville, Pigeon Forge, and Gatlinburg. Area draws over 12M annual visitors, supporting strong lodging demand.
- Newly converted asset positioned for growth under Hilton. Expected to increase occupancy, ADR, and RevPAR as operations ramp and stabilize.
- Strategically located along I-40 in Kodak, offering strong visibility and easy access for travelers between Knoxville and Sevier County tourism hubs.
- Market shows long-term stability with diversified leisure demand, strong infrastructure, and continued investment in attractions and amenities.
Executive Summary
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $10,297,350 CAD | Building Size | 42,424 SF |
| Price Per Room | $133,732 CAD | No. Rooms | 77 |
| Sale Type | Investment | No. Stories | 4 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1997/2025 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.09/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 1.52 AC | ||
| Zoning | C-4 | ||
| Price | $10,297,350 CAD |
| Price Per Room | $133,732 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.52 AC |
| Building Size | 42,424 SF |
| No. Rooms | 77 |
| No. Stories | 4 |
| Year Built/Renovated | 1997/2025 |
| Tenancy | Single |
| Parking Ratio | 1.09/1,000 SF |
| Corridor | Exterior |
| Zoning | C-4 |
Amenities
- Public Access Wifi
- Smoke-Free
About 3402 WINFIELD DUNN PKY , KODAK, TN 37764
The investment provides a compelling opportunity to capitalize on forward revenue growth as the property stabilizes post-conversion. The repositioning to a Spark by Hilton is expected to materially improve operating performance, drive increased market penetration, and enhance rate positioning relative to its historical operation as a Days Inn. Notably, the subject property benefits from a differentiated positioning as a newly renovated, Hilton-affiliated asset in a market with limited comparable branded inventory, particularly within the premium economy segment. As the property continues to integrate into Hilton’s distribution channels and builds operating history under the new flag, meaningful upside exists through occupancy growth, ADR expansion, and margin improvement. From a demand perspective, the asset is well-positioned to benefit from its proximity to the Smoky Mountains tourism corridor, one of the most visited leisure destinations in the United States. The market’s drive-to accessibility, diverse demand generators, and historically resilient visitation trends provide a strong foundation for long-term performance. Additionally, the Spark by Hilton brand is specifically designed to capture value-oriented travelers seeking consistency and quality, further supporting competitive positioning within the submarket. Investors should note that, as with many recently repositioned assets, limited stabilized operating history may require thoughtful underwriting and lender engagement. However, this is offset by the opportunity to acquire a high-quality, newly renovated Hilton-branded asset at an attractive basis, with a clear path to revenue growth and value creation through operational ramp-up and stabilization. Overall, the offering represents a compelling combination of brand strength, recent capital investment, and forward-looking upside, positioning investors to benefit from both near-term operational improvements and long-term market fundamentals.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 77 | $151.03 CAD | - |
Property Taxes
| Parcel Number | 008-154.03 | Improvements Assessment | $1,076,636 CAD |
| Land Assessment | $509,321 CAD | Total Assessment | $1,585,957 CAD |
Property Taxes
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Spark by Hilton Kodak TN | 3402 Winfield Dunn Pky
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