126 Expressway Dr Manchester, TN 37355
Recently renovated 83-room hotel in Manchester, Tennessee for sale.
Type:Hospitality
Property size:
54,516 SF- Added:
- Sep 18, 2024
- Days on Market:
- 581
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 126 Expressway Dr
General Information
- Standard status
- Active
- Size
- 54,516 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1978
Listing agent Jennifer Stein License #01507135
Listing office JDS Real Estate Services, Inc.
Listing date Sep 18, 2024
Source Crexi
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.
Overview
Newly Renovated Best Western Hotel
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Best Western Manchester
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Coffee
- State
- Tennessee
- Longitude
- -86.054763
- Latitude
- 35.461432
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FAQs
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 $8,100,000.
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.
