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1010 Cosby Hwy
Newport, TN 37821

$2,925,000

Hotel For Sale  •  49,666 Sq Ft

Property Details

  • Property Type Hotel
  • Total Building Size 49,666 Sq Ft
  • Lot Size 2.75 ac
  • Building Class C
  • Year Built 1968
  • Zoning C-3
0 Transit Score
36 Walk Score

Description

This 94-unit Quality Inn features a highly accessible and visible site just off Interstate 40 Exit 435, about 40 miles east of Knoxville, TN. Originally a Holiday Inn, it features 94 interior and exterior corridor units, a climate-controlled two-story atrium with indoor pool and spa, two conference rooms, and a sizable restaurant with commercial kitchen and multiple dining rooms. The restaurant is non-operational and presents upside potential for additional revenue. The neighborhood offers a high density of hotels, motels, retail, and restaurants, including Holiday Inn Express, Hampton Inn, Knights Inn, Family Inn, Best Western Motel, Walmart Supercenter, Cracker Barrel Restaurant, and numerous quick-service restaurants.

Highlights

49 Interior Corridor and 45 Exterior Corridor Rooms
Mix of King and Double Double Rooms
Unencumbered of Management
Upside Potential with Non-Operational Restaurant
Plentiful Parking Lots will Accommodate Buses, RVs, and Trucks

Amenities

  • Air Conditioning
  • Atrium
  • Conferencing Facility
  • Pool
  • Restaurant
  • Breakfast/Coffee Concierge
  • Kitchen
  • Pet-Friendly

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 91
Type: Surface
Included in Rent: Yes
David Gothard 865-453-8111 NAI Koella | RM Moore, Inc.
David Gothard 865-453-8111 NAI Koella | RM Moore, Inc.