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Howard Johnson Pigeon Forge 2162 Parkway 63 Room Hotel Pigeon Forge, TN 37863 $5,500,000 ($87,302/Room)
Investment Highlights
- Enclosed pool; outside pool with play area
- Fitness room
- Seller will also consider offers to lease the hotel.
- Picnic pavilion
- Meeting room with attached kitchen
Executive Summary
Fee Simple interest in 3-story, 63-unit limited service hotel. Located on the primary artery for Sevier County's 15 million visitors. Highly accessible, high traffic count location. Indoor and outdoor pools, picnic pavilion, fitness room, meeting room with attached kitchen.
Seller will also consider offers to lease the hotel.
Seller will also consider offers to lease the hotel.
Property Facts
| Price | $5,500,000 | Building Size | 32,937 SF |
| Price Per Room | $87,302 | No. Rooms | 63 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1971 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.43 AC | ||
| Zoning | C-2 - Commercial | ||
| Price | $5,500,000 |
| Price Per Room | $87,302 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.43 AC |
| Building Size | 32,937 SF |
| No. Rooms | 63 |
| No. Stories | 3 |
| Year Built | 1971 |
| Tenancy | Single |
| Corridor | Exterior |
| Zoning | C-2 - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $114.00 | - |
| Guest Room | 60 | $74.00 | - |
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Property Taxes
| Parcel Number | 072-115.00 | Improvements Assessment | $850,840 |
| Land Assessment | $563,240 | Total Assessment | $1,414,080 |
Property Taxes
Parcel Number
072-115.00
Land Assessment
$563,240
Improvements Assessment
$850,840
Total Assessment
$1,414,080
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Howard Johnson Pigeon Forge | 2162 Parkway
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