1421 Murrays Chapel Rd
Sweetwater, TN 37874
OYO Sweetwater - West - Chattanooga · Hospitality Property For Sale
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84 Rooms
PROPERTY FACTS
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.00 AC |
| Building Size | 102,789 SF |
| No. Rooms | 84 |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2018 |
| Tenancy | Single |
| Parking Ratio | 0.12/1,000 SF |
| Corridor | Exterior |
| Zoning | C-5 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
ABOUT 1421 MURRAYS CHAPEL RD , SWEETWATER, TN 37874
Solid brick building with 134 total rooms (but only keyed 84 with Motel 6), Bar, restaurant (former Denny's) and Banquet rooms. Turn key with recently finished half million renovation. Finished the Phoenix package PIP required by Motel 6. Strong potential for investors/owner operator. Currently hotel is operated by employees and yet producing strong cash flow. All rooms have microfridge, new furniture, vinyl floors, paint, bedding, drapes. Actual Revenues: 2016: $450K 2017: $624K 2018: $571K
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 84 | $53.00 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $382,280 | |
| Land Assessment | $148,400 | Total Assessment | $530,680 |
