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Best Western Plus Magnolia Inn & Suites 107 Interstate Dr NW 87 Room Hotel Cleveland, TN 37312 $7,200,000 ($82,759/Room)
Executive Summary
In 2023 this hotel had a $2,500,000 renovation completed. This Hotel is in Beautiful Condition. Well run and operated by its owner.
It is located at Exit 25, Interstate 75. It is the main exit to Cleveland's Metropolitan Center, City Hall and the Bradley County Courthouse.
It is located at Exit 25, Interstate 75. It is the main exit to Cleveland's Metropolitan Center, City Hall and the Bradley County Courthouse.
Property Facts
| Price | $7,200,000 | Lot Size | 2.62 AC |
| Price Per Room | $82,759 | Building Size | 51,623 SF |
| Sale Type | Investment | No. Rooms | 87 |
| Sale Condition | Business Value Included | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1989/2022 |
| Property Subtype | Hotel | Parking Ratio | 1.94/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | CG | ||
| Price | $7,200,000 |
| Price Per Room | $82,759 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.62 AC |
| Building Size | 51,623 SF |
| No. Rooms | 87 |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2022 |
| Parking Ratio | 1.94/1,000 SF |
| Corridor | Interior |
| Zoning | CG |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
About 107 INTERSTATE DR NW , CLEVELAND, TN 37312
One Building 3 Floors 22 Suites 65 regular rooms for a total of 87 50" TVs - all new New Canopy 2026 and new roof 2018 New guest laundry All new P-taks and HVAC along with a new Boiler New Boiler
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 22 | $181.00 | - |
| Guest Room | 65 | $151.00 | - |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 041G-D-004.00 | Improvements Assessment | $1,288,400 |
| Land Assessment | $222,760 | Total Assessment | $1,511,160 |
Property Taxes
Parcel Number
041G-D-004.00
Land Assessment
$222,760
Improvements Assessment
$1,288,400
Total Assessment
$1,511,160
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Best Western Plus Magnolia Inn & Suites | 107 Interstate Dr NW