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Econo Lodge Inn & Suites Centerville 634 David St 39 Room Hotel Centerville, TN 37033 $2,913,540 CAD ($74,706 CAD/Room) 8.33% Cap Rate
Investment Highlights
- Fully Renovated in 2024
- Interior-Corridor Hotel with Outdoor Pool
- 39-Room Hotel + 2 Additional Apartments on 1.82 Acres
Executive Summary
Rare hospitality investment opportunity in Centerville, Tennessee. This 39-key Econo Lodge Inn & Suites includes two additional on-site staff apartments, providing added operational flexibility for ownership and management. The approximately 22,134-square-foot property features an outdoor swimming pool and operates under an established franchise that is transferable, subject to franchisor approval and requirements.
The property has generated historical average NOI of approximately $175,000, with 2024 revenue reaching approximately $544,000. Current performance presents a compelling value-add opportunity for an experienced operator to increase occupancy, strengthen revenue management and improve overall operating performance.
Offered at $2,100,000, this is an opportunity to acquire an established hospitality asset with existing operations, additional on-site staff housing and potential upside. Financial information and additional due-diligence materials are available to qualified prospects.
The property has generated historical average NOI of approximately $175,000, with 2024 revenue reaching approximately $544,000. Current performance presents a compelling value-add opportunity for an experienced operator to increase occupancy, strengthen revenue management and improve overall operating performance.
Offered at $2,100,000, this is an opportunity to acquire an established hospitality asset with existing operations, additional on-site staff housing and potential upside. Financial information and additional due-diligence materials are available to qualified prospects.
Property Facts
| Price | $2,913,540 CAD | Building Size | 22,134 SF |
| Price Per Room | $74,706 CAD | No. Rooms | 39 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.33% | Year Built/Renovated | 1997/2024 |
| Property Type | Hospitality | Parking Ratio | 2.26/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.82 AC | ||
| Zoning | C-2 | ||
| Price | $2,913,540 CAD |
| Price Per Room | $74,706 CAD |
| Sale Type | Investment |
| Cap Rate | 8.33% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.82 AC |
| Building Size | 22,134 SF |
| No. Rooms | 39 |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2024 |
| Parking Ratio | 2.26/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
Amenities
- Business Center
- Pool
- Wheelchair Accessible
- Outdoor Pool
- Meeting Event Space
- Public Access Wifi
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 9 | $117.93 CAD | - |
| Guest Room | 30 | $104.06 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 095K-B-009.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $412,890 CAD |
Property Taxes
Parcel Number
095K-B-009.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$412,890 CAD
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Presented by
X Factor Realty Group, Inc.
Econo Lodge Inn & Suites Centerville | 634 David St
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