Comfort Suites East 7230 Region Ln 68 Room Hotel Knoxville, TN 37914 $10,412,000 CAD ($153,118 CAD/Room) 10% Cap Rate

This 68-key Comfort Suites Knoxville East represents a compelling value-add investment opportunity in one of East Tennessee’s most active lodging corridors. The property benefits from consistent top-line performance, with revenues averaging approximately $1.8M annually and strong occupancy driven by interstate visibility and regional demand drivers.
Located directly off I-40 (Exit 398) with traffic counts exceeding 89,000 vehicles per day, the asset is strategically positioned between downtown Knoxville and Sevier County—home to the Great Smoky Mountains, one of the most visited national parks in the United States.
The property operates under the Choice Hotels Comfort brand, a leading upper-midscale flag with strong distribution, loyalty program support, and national recognition.
While reported NOI has been impacted by ownership-level expense allocations and recent capital improvements, normalized operations support an estimated stabilized NOI of approximately $700K–$800K annually, positioning the asset at an attractive ~10% cap rate at the current asking price.
Well below replacement cost at $112k per room.
With only moderate remaining PIP requirements and a clear path to operational optimization, this offering provides investors with immediate cash flow and long-term upside potential.
The asset is currently managed within a broader portfolio, offering clear upside through hands-on ownership and expense normalization.
The seller is motivated and pursuing a 1031 exchange into a larger acquisition, and may consider offering seller financing for a portion of the purchase price to facilitate a successful transaction.