BRAND NEW-Comfort Inn & Suites Nashville W
100 Room Hotel | Nashville, TN 37209 | For Sale
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
- Property Type
-
Hospitality
- Square Feet
- 55,000 SF
Listing Contacts
Andrew Bankhurst
Verified Profile
- Property Info
Property Overview
We are proud to exclusively present the brand new five-story 104-room Comfort Inn & Suites in Nashville, Tennessee. The hotel is located seven miles west of downtown Nashville directly off Interstate 40 between Midtown and Bellevue. The hotel will immensely benefit from its location within one of the most popular tourist destinations in the country. Not only is the city of Nashville’s tourism industry growing year over year, the city itself is exploding in size and population and is one of the fastest growing areas in the United States. The city’s strong economy and low cost of living has led to it becoming a national hub for music, healthcare, and tourism, and has led to the relocation of many headquarters to the area. The region itself has seen a 20% population growth in the past decade. Major employers nearby include Vanderbilt University Medical Center, Vanderbilt University, Nissan, HCA Health Care, and St. Thomas Health. Nashville saw a record number of tourists in 2022 with over 14.5 million visitors spending over $8.8 billion in the local economy.
The hotel will complete construction in May of 2024. It has been built and designed to far surpass the standards of Comfort Inn’s new “Rise and Shine” prototype. The beautifully built hotel was uniquely licensed with short 5-year windows giving a potential investor the opportunity to reposition the flag to push higher ADR while still benefiting from a brand-new build. The hotel is operating in a $140 midscale/upper midscale RevPAR market which should provide a hands-on owner the opportunity to achieve revenues of over $5M upon stabilization.
Proudly Collaborating With Our TN Broker of Record Knoxville Real Estate Professionals
The hotel will complete construction in May of 2024. It has been built and designed to far surpass the standards of Comfort Inn’s new “Rise and Shine” prototype. The beautifully built hotel was uniquely licensed with short 5-year windows giving a potential investor the opportunity to reposition the flag to push higher ADR while still benefiting from a brand-new build. The hotel is operating in a $140 midscale/upper midscale RevPAR market which should provide a hands-on owner the opportunity to achieve revenues of over $5M upon stabilization.
Proudly Collaborating With Our TN Broker of Record Knoxville Real Estate Professionals
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 5
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 58,370 SF
- Units
- 100
Highlights
- 104-Unit 5-Story Brand New Construction
- $140 RevPAR Market for Upper Midscale- Nashville W/Bellevue
- ATTRACTIVE FINANCING LINED UP & AVAILABLE- Please Inquire with Andrew Bankhurst
Nearby Properties
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