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Best Western Plus Magnolia Inn & Suites 107 Interstate Dr NW 87 Room Hotel Cleveland, TN 37312 $7,500,000 ($86,207/Room)
Executive Summary
Located at the #1 Exit (Exit 25 off I-75) for Cleveland Tennessee's Metropolitan Center. City Hall and the Bradley County Courthouse only a few blocks away.
$2,500,000 Renovation completed in 2023. Hotel is in Beautiful Condition.
$2,500,000 Renovation completed in 2023. Hotel is in Beautiful Condition.
Property Facts
| Price | $7,500,000 | Lot Size | 2.62 AC |
| Price Per Room | $86,207 | 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 | $7,500,000 |
| Price Per Room | $86,207 |
| 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 50" TVs - all new New Canopy 2026 New Roof 2018 New guest laundry All new Ptaks and HVAC 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
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