163 Bernham Dr NW, Cleveland, TN for sale

Investment Overview

Introducing a prime opportunity for hospitality and full service investors—this impressive property features an 18,040 SF building with 100 units, ideal for accommodating a range of guests. Built in 1995, the property boasts a well-established infrastructure and modern amenities to ensure a comfortable and inviting experience for visitors. Zoned CG, the location offers versatility for various commercial ventures. Situated in the heart of the vibrant Cleveland area, this property presents an exceptional investment prospect with its strategic positioning and potential for growth in a thriving market. Don't miss the chance to make your mark in this dynamic hospitality landscape.

Investment Highlights

• ​-Asking price: $2,300,000
• ​-Approximately $48,936 per key
• ​-47 guest rooms
• ​-Interior-corridor configuration
• ​-Close proximity to Knoxville, Chattanooga, Atlanta, Nashville, and Birmingham
• ​-Recently renovated
• ​-Operates under the recognized Super 8 by Wyndham flag
• ​-Prime location just off the Paul Huff Parkway exit
• ​-Convenient access to Interstate 75
• ​-Near Lee University and Cleveland-area demand generators
• ​-Strategic regional access to Chattanooga, Knoxville, Atlanta, Nashville, and Birmingham
• ​-Trailing-12-month occupancy index of 127
• ​-Trailing-12-month RevPAR index of 131
• ​-Opportunity to enhance performance through revenue management and operational efficiencies
• ​-Suitable for owner-operators, regional hotel groups, and hospitality investors