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30950868
30950869

119 Pinnacle Dr, Johnson City, TN 37615

CB
TN 379455
Matthews
MG
CA 02016029
Matthews
Listed by Matthews
$3,700,000
84 days on market
Updated 45 days ago

Quality Inn Johnson City Exit 17

Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 22,922
Keys 60
Cap Rate 9.91%
Occupancy 63.8%
Price per SqFt $161
Year Built 1997
Year Renovated 2025
Buildings 2
Stories 2
Acreage 1.500
Parking Spaces spaces
Investment Type Owner/User
Ownership Fee Simple

3.50X RRM - Absentee Owner

Marketing description

Chris Beavers and Mitch Glasson are proud to represent their clients in the disposition of Quality Inn Johnson City Exit 17 - an exceptional acquisition opportunity for hoteliers and extended stay conversion specialists looking for seven figure performance potential in an up-and-coming city.

Named the #1 Best Place to Live in 2025 by Travel + Leisure Magazine, Johnson City includes its schools, safety, health care, outdoor living without big-city overhead as its primary reasons for the popularity.

Call for Offers Deadline: April 24th, 2026

Investment highlights

Demonstrated Revenue Growth

  • The property is generating increasing year-over-year revenue (9% increase in 2025), signaling operational momentum and strengthening market positioning. Buyers are stepping into a business with proven deman.

Attractive 3.50x Room Revenue Multiple

  • Offered at just 3.50x Room Revenue, the asset presents a compelling basis relative to recent comparable sales. This pricing allows room for upside while maintaining conservative entry metrics for SBA and conventional buyers.

Minimal Change-of-Ownership PIP

  • The brand-imposed change-of-ownership PIP is limited in scope, reducing upfront capital expenditures and preserving liquidity post-acquisition. Post PIP QA Scores came back at 88.1% post PIP inspection.

Quality Returns

  • 15% Cash on Cash Return at all-in List Price
  • 21% Total Annual Return at all-in List Price

Strong Institutional & Leisure Demand Drivers

The hotel benefits from consistent, diversified demand within immediate proximity:

  • East Tennessee State University – A major regional university driving year-round visitation from faculty, athletic events, conferences, and visiting families.
  • Johnson City Medical Center – A leading regional healthcare facility supporting medical, corporate, and patient-family lodging demand.
  • Franklin Woods Community Hospital – An additional healthcare anchor expanding steady weekday occupancy.
  • Freedom Hall Civic Center – Hosts concerts, sporting events, and conventions that generate compression demand.
  • Buffalo Mountain Park & Trails – A regional outdoor attraction supporting weekend and seasonal leisure travel.

Listing Contacts

CB
TN 379455
Matthews
MG
CA 02016029
Matthews
Listed by Matthews

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Additional Information

Name
Hutt Cooke
License
License # 263667, 356505 (TN)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Chris Beavers
License
379455
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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