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10150 Airport Pky
Kingsport, TN 37663
La Quinta Inn & Suites - Corporate Owned · Hospitality Property For Sale · 61,190 SF

Investment Highlights

  • 118 Guestroom Interior-Corridor Limited Service Hotel
  • Offered Unencumbered by Management
  • Corporate-Owned
  • Offered at 2.56x 2019 Room Revenue | Significant Discount to Replacement Cost - $47,458 per Room
  • Close Proximity to Primary Demand Generators
  • Fee Simple Interest

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.73 AC
Building Size 61,190 SF
No. Stories 5
Year Built/Renovated 1991/2014
Tenancy Single
Parking Ratio 1.94/1,000 SF
Corridor Interior
Zoning C - Commercial

Amenities

  • Balcony
  • Business Center
  • Fitness Center
  • Pool
  • Shuttle Service
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

About 10150 AIRPORT PKY , KINGSPORT, TN 37663

For more information, please use this link to execute a confidentiality agreement: https://bit.ly/3fxwtJZ HREC Investment Advisors (“HREC IA”), is pleased to offer for sale the fee-simple interest in the 5-story, 118-guestroom, interior-corridor corporate-owned La Quinta Inn & Suites Kingsport Tri-Cities Airport (herein referred to as “Hotel” or “Property”) located in Kingsport, Tennessee. Conveniently located off Interstate 81 at exit 63, the Hotel is just three miles from Tri-Cities Airport and only four miles from the hiking, biking, and boating at Warriors’ Path State Park. The Hotel also offers easy accessibility to Kingsport Speedway, Bristol Motor Speedway, as well as Fort Henry Mall. The acquisition of the La Quinta Inn & Suites represents a unique opportunity to acquire a midscale, well-located, select-service, corporate-owned hotel with operational upside in close proximity to many of the area’s primary demand generators. Conveniently located by Interstates 26 and 81, and equipped with an easily accessible regional airport, Kingsport allows for smooth travel to any destination. Home to the global headquarters of Eastman, Kingsport is also a great place for business enterprise. The city has enjoyed tremendous growth and development with more than $3 billion in business investment in recent years.

Property Taxes

Property Taxes

Parcel Number
078-077.00
Land Assessment
$203,240
Improvements Assessment
$1,478,200
Total Assessment
$1,681,440
  • Listing ID: 18755995

  • Date on Market: 3/5/2020

  • Last Updated:

  • Address: 10150 Airport Pky, Kingsport, TN 37663

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