627 Old Hickory Blvd Nashville, TN 37209
104-room Comfort Inn & Suites near downtown Nashville.
Type:Hospitality
- Added:
- May 8, 2024
- Days on Market:
- 711
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 627 Old Hickory Blvd
General Information
- Standard status
- Active
- Property subtype
- Hospitality
Building Details
- Year Built
- 2024
Listing agent Andrew Bankhurst License #OH SAL.2015005693
Listing office Charles Hart Hospitality
Listing date May 8, 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 Charles Hart Hospitality
Overview
New Nashville Hotel for Sale
This is a brand new 104-room Comfort Inn & Suites located in Nashville, Tennessee, seven miles west of downtown, directly off Interstate 40 between Midtown and Bellevue. The hotel is positioned to benefit from its location in a popular tourist destination experiencing rapid growth in size and population. Nashville's strong economy and low cost of living have established it as a hub for music, healthcare, and tourism, attracting numerous headquarters to the area. The region has seen a 20% population growth in the past decade. Nearby major employers include Vanderbilt University Medical Center, Vanderbilt University, Nissan, HCA Health Care, and St. Thomas Health. Nashville welcomed over 14.5 million tourists in 2022, who spent over $8.8 billion in the local economy. Construction is scheduled to complete in June of 2024. The hotel has been built and designed to surpass the standards of Comfort Inn’s new “Rise and Shine” prototype. The hotel was uniquely licensed with short 5-year windows giving a potential investor the opportunity to reposition the flag to push higher ADR while still benefiting from a brand-new build. The hotel is operating in a $139 midscale/upper midscale RevPAR market which should provide a hands-on owner the opportunity to achieve revenues of over $5M upon stabilization.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Comfort Inn & Suites
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.9232631
- Latitude
- 36.109592
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - 104-room Comfort Inn & Suites near downtown Nashville.
Where is this hotel located?
The property is located at 627 Old Hickory Blvd Nashville, TN.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: Brand new 104‑room Comfort Inn & Suites built in 2024, Nashville, Tennessee.; Located off Interstate 40, seven miles west of downtown Nashville, in a high‑growth tourist destination.; Unique 5‑year licensing window provides opportunity to reposition the flag for higher ADR.
