1014 Cosby Hwy, Newport, TN 37821

$3,500,000 Pricing Guidance

12.48% CAP Rate Day-One. Hotel Presents An Opportunity To Acquire A Lucrative Business That Cash Flows Immediately Upon Acquisition

Consistently Occupied And Running Approximately ~90% Occupancy Across All 55 Rooms

True Extended Stay Model - Rooms Rented On Weekly And Monthly Basis, Providing For Stable Income Stream And Predictability In Revenue Forecasting

Very Minimal OTA Presence – Organically Built Extended Stay Model With Minimal Marketing Expenses

Ideal Owner/Operator Acquisition Opportunity/Excellent Opportunity For A First-Time Hotel Buyer

Qualifies For Financing Through SBA 7a And USDA B&I

Stabilized Property With Additional Value-Add Potential Through Addition Of Kitchenettes In Rooms And Operational/Management Efficiencies As Current Owner Is Absentee

Independent Hotel - Unencumbered By The Strict Operating Requirements And Annual Fees Associated With Franchising

Ideal Location Within Short Drive Of Great Smoky Mountains National Park And Cherokee National Forest

Short Drive To Major Cities, Including:

• Sevierville (23 Miles)

• Pigeon Forge/Gatlinburg (29 Miles)

• Knoxville (48 Miles)

• Chattanooga (159 Miles)

• Charlotte (185 Miles)

• Nashville (227 Miles)

Located Directly Off Of Interstate-40 And Cosby Highway, Providing Ease Of Access And Displaying Excellent Signage To Commuters

The Section Of Interstate-40 & Cosby Highway Closest To The Property Has An Average Annual Daily Traffic (AADT) Count Of Approximately 20,000 Vehicles Per Day