Haven Extended Stay Motel 1014 Cosby Hwy 55 Room Hotel Newport, TN 37821 $3,500,000 ($63,636/Room) 12.48% Cap Rate

This hotel is a true extended-stay property with rooms rented on a weekly & monthly basis. The property consistently operates at ~90% occupancy and enjoys minimal expenses/overhead due to the minimal needs of a long-term guest. The hotel is offered for sale at $3,500,000, which represents a 12.5% CAP Rate on 2024 numbers.
• $3,500,000 Pricing Guidance
• 12.5% CAP Rate Day-One. Hotel presents an opportunity to acquire a lucrative business that cash flows immediately upon acquisition.
• Consistently occupied and running approximately ~90% occupancy across all 55 rooms.
• True Extended Stay Model - rooms rented on weekly and monthly basis, providing for stable income stream and predictability in revenue forecasting.
• Very Minimal OTA Presence – Organically built extended stay model with minimal marketing expenses.
• Ideal owner/operator acquisition opportunity/excellent opportunity for a first-time hotel buyer
• Qualifies for financing through SBA 7a and USDA B&I
• Stabilized property with additional value-add potential through addition of kitchenettes in rooms and operational/management efficiencies as current owner is absentee.
• Independent Hotel - unencumbered by the strict operating requirements and annual fees associated with franchising.
• Ideal Location within short drive of Great Smoky Mountains National Park and Cherokee National Forest.
• Short Drive to Major Cities, including:
o Sevierville (23 Miles)
o Pigeon Forge/Gatlinburg (29 Miles)
o Knoxville (48 Miles)
o Chattanooga (159 Miles)
o Charlotte (185 Miles)
o Nashville (227 Miles).
• Located Directly Off of Interstate-40 And Cosby Highway, Providing Ease of Access and Displaying Excellent Signage to Commuters.
• The Section of Interstate-40 & Cosby Highway Closest to The Property Has an Average Annual Daily Traffic (AADT) Count of Approximately 20,000 Vehicles Per Day.