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Holiday Inn Express & Suites Chattanooga 440 Martin Luther King Jr Blvd 92 Room Hotel Chattanooga, TN 37402 $16,614,000 CAD ($180,587 CAD/Room)
INVESTMENT HIGHLIGHTS
- Downtown location in high-growth market
- Concrete five-story construction
- Minimal brand renovation or PIP required
EXECUTIVE SUMMARY
Please visit https://www.hunterhotels.net/current-listings for more information.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $16,614,000 CAD | Building Size | 55,000 SF |
| Price Per Room | $180,587 CAD | No. Rooms | 92 |
| Sale Type | Investment | No. Stories | 5 |
| Property Type | Hospitality | Year Built/Renovated | 2008/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.27/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.67 AC | Opportunity Zone |
Yes
|
| Zoning | 150 - transient lodging | ||
| Price | $16,614,000 CAD |
| Price Per Room | $180,587 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.67 AC |
| Building Size | 55,000 SF |
| No. Rooms | 92 |
| No. Stories | 5 |
| Year Built/Renovated | 2008/2019 |
| Parking Ratio | 1.27/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | 150 - transient lodging |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 15 | $225.67 CAD | - |
| Guest Room | 77 | $217.37 CAD | - |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 145C-B-008.01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,379,006 CAD |
PROPERTY TAXES
Parcel Number
145C-B-008.01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,379,006 CAD
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Holiday Inn Express & Suites Chattanooga | 440 Martin Luther King Jr Blvd
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