Business Overview:
Quick Sale Wanted. Price Reduced By Motivated Seller. 50 Unit Hotel For Sale For $799,000! This hotel is being offered at a low price as it is classed as a distressed property. It is in operation. It has been renovated & current Owner is looking for a serious minded person, preferably with hotel experience to turn it back into a well run hotel, Are you ready for the challenge?--a new Owner would be lucky in that not only has it got a great pool and beautiful living quarters for owner or manager. but it has newly renovated rooms, lobby and restaurant. The restaurant is in a separate restaurant building (if this was leased out , it could be an additional source of income--if a new Owner wants to run the restaurant--that would be fine too, as it would greatly increase the profit ratio!!). Owner is prepared to make a great deal with Owner financing for a serious qualified buyer.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Located half way between Nashville and Chattanooga in the heart of the historic downtown district close to the business sector in Coffee County, Tennessee. This is a two story 21,400 square feet property on over 2.30 acres of land plus there is a separate building that houses the restaurant.
Market Competition and Expansion:
This hotel has lots of potential with the right Owner, preferably an experienced hotelier in charge. Some competition.
Reason for Selling:
Other business interests
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.