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- LoopNet Team
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 | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1991/2014 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.73 AC | Parking Ratio | 1.94/1,000 SF |
| Building Size | 61,190 SF | Corridor | Interior |
| Zoning | C - Commercial | ||
| 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
| Parcel Number | 078-077.00 | Improvements Assessment | $1,478,200 |
| Land Assessment | $203,240 | Total Assessment | $1,681,440 |
Property Taxes
Listing ID: 18755995
Date on Market: 3/5/2020
Last Updated:
Address: 10150 Airport Pky, Kingsport, TN 37663
