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Newly Renovated Best Western Hotel

126 Expressway Drive Manchester, TN 37355

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For Sale
$6,850,000

83-room hotel in Manchester, TN with renovation completed in 2025.

Type:LH
Added:
Jul 10, 2024
Days on Market:
732
Last Refresh:
Jun 29 at 8:58 pm

Property Features for 126 Expressway Drive

General Information

Standard status
Active
Property subtype
LH

Building Details

Year Built
1978

Listing office KW Commercial Keller Williams Town & Country

Listing date Jul 10, 2024

Source Realnex

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Keller Williams Town & Country


Investment Insights

Based on property information with market context.

Located in Manchester, Tennessee, this Best Western Legacy brand hotel features 83 rooms and suites. The two-story, interior corridor, midscale hotel is situated in a location with high visibility within the Tullahoma-Manchester Metropolitan Statistical Area, positioned between Nashville and Chattanooga, offering access to major markets and transportation routes along the I-24 corridor. Originally built in 1972 for Holiday Inn and rebranded to Country Inn & Suites in 2001, the property now operates under a 10-year franchise agreement with Best Western. A complete interior and exterior renovation was finished in 2025, eliminating any Property Improvement Plan requirements for a new owner. The renovation included a new glass entryway, front desk, breakfast area, an elevator addition, fitness room, meeting room, outdoor swimming pool, a combination of LVT and carpet flooring, new roof, windows, blackout window treatments, and furniture. An additional revenue opportunity exists by leasing the property’s East side building, which has a separate entrance and approximately 10,000 square feet of space with a full-size kitchen, suitable for a restaurant. The hotel benefits from its proximity to large urban centers, attracting customers and talent from a broad region. The area has experienced steady economic growth, with developments in manufacturing, retail, and services. Major employers and industries, such as the Arnold Engineering Development Complex (AEDC), contribute to a stable economic environment. Manchester offers a mix of rural and small-town charm, along with access to amenities and recreational activities. The city's annual Bonnaroo Music and Arts Festival attracts a significant number of visitors, benefiting local businesses.

Key Highlights

  • Completely renovated in 2025, presenting zero PIP requirements for the new owner.
  • New 10‑year franchise agreement in place with Best Western.
  • 83 rooms & suites in a midscale/upper midscale RevPAR market.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Best Western Manchester Hotel & Motel

Suggested Use

Real Estate Agency Big Box & Wholesale Store Pharmacy Storage Facility Dental Office Plumbing Service Gym & Fitness Center Bakery (Bike/Boat/Book/etc) Store Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Hotel - 83-room hotel in Manchester, TN with renovation completed in 2025.
Where is this hotel located?
The property is located at 126 Expressway Drive Manchester, TN.
What is the asking price?
The asking price for this property is $6,850,000.
What are key features of this property?
This property features: Completely renovated in 2025, presenting zero PIP requirements for the new owner.; New 10‑year franchise agreement in place with Best Western.; 83 rooms & suites in a midscale/upper midscale RevPAR market.
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