Mountain Inn & Suites

2002 Temple Hill Road,
Erwin, TN 37650

 

$1,850,000
Offering Price
$124,974
NOI
6.76%
Cap Rate
4.03
RRM
60
Total Rooms
$30,833
Price Per Key
$1,850,000
Offering Price
$124,974
NOI
6.76%
Cap Rate
4.03
RRM
60
Total Rooms
$30,833
Price Per Key

Investment Overview

  • Mazili Hotel Group is pleased to offer qualified investors the fee-simple interest in the Mountain Inn & Suites Hotel located in Erwin Tennessee. The Mountain Inn and Suites is a 4-story independent interior corridor hotel located in Erwin, Tn. This hotel has been personally managed and marketed and is ready to be introduced to a new franchise. This property is full-concrete build and is directly off the interstate I-26.
  • Demand Generators: The hotel is located between Asheville, NC and Tri-Cities Region (Kingsport, TN; Bristol, Tn; & Johnson City, Tn). This region attracts outdoor enthusiasts: for white-water rafting, and hiking, also race enthusiasts going to the historic race track in Bristol Tn, in addition to Interstate Travelers. This property is a perfectly positioned and ready for a new flag.

Property Overview

  • The asset was built in 1997 and features up to 60 rooms and/or suites. Guest rooms in the Mountain Inn and Suites are furnished with comfortable amenities. Guest rooms include Flat screen TVs, iron and ironing board, work desk, chair, and complimentary Wi-Fi and breakfast. The hotel is strictly non-smoking. There are (5) Jacuzzi King Suites, (18) King rooms, (30) Double/Queen rooms, (1) conference room, a fitness center, and a pool with hot-tub.

Rebranding Opportunity

  • The Independent hotel opened in 1997, and presents itself as a Great Asset with great return potential for savvy investors. The Mountain Inn & Suites is perfectly positioned to become associated with a franchise which will allow this property to be showcased properly bringing increased visibility and traffic. With a good Franchise choice, you can increase market share, propel revenues, defeat competitors, boost customer satisfaction, and swell profits. Converting this independent motel to a Wyndham, Choice, or Best Western Flag would be the best next step for this property.
  • WYNDHAM HOTEL GROUP OPTION Award winning rewards Program with 92M+ members who stay and spend ~2X more than non-members. Strong negotiated rates with quality suppliers and savings of up to 20% off OTAs for high-impact revenue driving services and support to maximize hotel performance. Next-Gen technology simplifies owner operations and enhances guest experience
  • CHOICE HOTELS OPTION: A Premier Economy Brand Designed to Help Owners Take It Easy Choice Hotels offer a premier economy hotel franchise that offers owner operators a highly recognizable brand that is connected to the powerful reservation engines of Choice Hotels. They are focused on leading the segment and dedicated to helping drive hotel franchisees' ROI.

Excellent Tri-City Mountain Area

  • The Mountain Inn & Suites is located on Temple Road, just off Interstate 26 and ideally located between Asheville, NC, Kingsport Tn, and the Kentucky border. The hotel is a rural hotel, with natural wonders and outside activities to enjoy during your stay.
  • Points of Interest Lamar Alexander Rocky Fork State Park Tipton-Haynes Historic Site The International Storytelling center Various Ski-Slopes
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com