Econo Lodge Lookout Mountain


Price:
$2,075,000

Address :
150 Browns Ferry Rd
Chattanooga, TN 37419


  •  Ideal starter property for first-time owner/operator
  •  35-Unit, economy franchise with 3-story, interior-corridor design
  •  Great visibility and access from I-24 in Chattanooga, TN
  •  1 Bedroom manager’s apartment and outdoor swimming pool included
  •  Solid history of revenue and occupancy in vibrant Tennessee market
  •  Easy access to area demand generators including: -24 and I-75 interstate traffic, Downtown Chattanooga, University of Tennessee at Chattanooga, Tennessee Aquarium and Lookout Mountain
    View Map    View Aerial
  •  Chattanooga is the economic, educational and cultural heart of a 16-county, three-state region that is home to over a half-million people.
  •  Well located to capture transient traffic from Interstates 24 and 75
  •  Chattanooga is home to Volkswagen North America and will become its US base for the production of electric vehicles in 2022.
  •  Close to Regional Demand Generators:
    •  2 Miles to Ruby Falls
    •  3 Miles to Tennessee Aquarium
    •  3 Miles to Discovery Museum
    •  3 Miles to Chattanooga Choo Choo
    •  4 Miles to University of Tennessee at Chattanooga
    •  4.5 Miles to Lookout Mountain
    •  5 Miles to Earlanger Hospital
  •  3 Stories
  •  Interior Corridors
  •  Metal Stud Frame Construction
  •  EIFS Facade
  •  Standing Seam Metal Roof
  •  Asphalt Parking Lot
  •  Continental Breakfast Area
  •  Seasonal Outdoor Pool
  •  1 Bedroom Apartment (Behind Front Desk)
  •  Wireless Internet
  •  ±0.86 Acres
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2016
2017
2018
2019
T-12Mos 2/20
Occupancy
35.45%
73.24%
80.00%
79.62%
77.46%
Average Daily Rate
$85.00
$53.13
$57.44
$55.41
$55.67
RevPar
$24.59
$38.91
$45.95
$44.11
$43.12
Room Revenue
$306,057
$482,911
$573,199
$563,646
$552,339
Net Operating Income
N/A
$277,042
$414,807
N/A
N/A
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!