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Newly Renovated Best Western Hotel
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126 Expressway Dr, Manchester, TN 37355

Recently renovated 83-room hotel in Manchester, Tennessee for sale.

Property Size54,516 SF
Price / SF$119.23
Days on Market693

Property Features for 126 Expressway Dr

General Information

Standard status Active
Size 54,516 SF
Property subtype Hospitality
Zoning Commercial 08
Investment Type Value Add

Building Details

Year Built 1978
Year Renovated 2025
Buildings 3
Stories 2
Listing Agency: JDS Real Estate Services, Inc.
Listed By: Jennifer Stein · License #20130457
Source: Crexi
Added: Sep 18, 2024 Changed: Aug 11 Last Checked: Aug 10 at 2:25PM

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 JDS Real Estate Services, Inc.

Investment Insights

Based on property information with market context.

A newly opened Best Western Legacy brand hotel in Manchester, Tennessee, is available for purchase. Situated in the Tullahoma-Manchester Metropolitan Statistical Area, the property is located midway between Nashville and Chattanooga, offering accessibility to major markets and transportation routes along the I-24 corridor. The two-story interior corridor hotel features 83 rooms and suites. The property underwent complete interior and exterior renovation, completed in 2025, with no Property Improvement Plan requirements for a new owner. Originally constructed in 1972 for the Holiday Inn brand and rebranded to Country Inn & Suites in 2001, the hotel now has a 10-year franchise agreement with Best Western. Renovations include a new glass entryway, front desk, breakfast area, 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 through 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 location allows the hotel to attract 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. The city's annual Bonnaroo Music and Arts Festival attracts a significant number of visitors, boosting local businesses.

Key Highlights

  • Newly renovated Best Western Legacy hotel with zero PIP requirement.
  • Prime location in the Tullahoma‑Manchester MSA with high visibility and access to I‑24.
  • New 10‑year franchise agreement with Best Western in place.

Property Analytics

Current Use

Best Western Manchester Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Pharmacy Storage Facility Dental Office Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

211
Businesses Nearby

Demographics for 37355, TN

28,487
Population
12,288
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
207.0 sq mi
ZIP Area
138
Density / Sq Mi
$62,943
Median Household Income
$36,583
Median Earnings
$908
Median Rent
$238,000
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Recently renovated 83-room hotel in Manchester, Tennessee for sale.
Where is this hotel located?
The property is located at 126 Expressway Dr Manchester, TN.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Newly renovated Best Western Legacy hotel with zero PIP requirement.; Prime location in the Tullahoma‑Manchester MSA with high visibility and access to I‑24.; New 10‑year franchise agreement with Best Western in place.
More about this property
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