Quality Inn and Suites - TN

Property Description: Price is Reduced to $5,250,000. Quality Inn and Suites was Completely Renovated at a Cost Over $2.5 Million in 2013-2014. It was renovated like a Comfort Inn and it may be possible to re-brand as a Comfort Inn. It has 119 keys, 3 stories and 2 elevators. The location is excellent just off the interstate near new developments and shopping. The economy is strong and diverse with manufacturing, healthcare, and financial and service industries. Plus, there are incentives for new businesses and technology start-ups. Room Revenue is around $1,550,000 and net operating income is about $542,000. A new owner can increase occupancy and rate with focused management and sales and marketing with upside to increase revenue near $2,000,000 or $16,800 revenue per key.