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2825 Parkway Pigeon Forge, TN 37863

For Sale
$16,500,000

165-Room Hotel, High Traffic Location

Property size:
73,448 SF

Description

Added:
Dec 11, 2024
Days on Market:
360
This exceptional investment opportunity presents a fee-simple interest in the Americana, a Travelodge by Wyndham Pigeon Forge. This 4-story, 165-key hotel boasts 73,448 square feet and sits on a 2.34-acre lot in Sevier County, Tennessee, at 2825 Parkway, Pigeon Forge, 37863. Built in 1983, the property is zoned C-2 and features an exterior corridor, an outside pool, a covered terrace, and is pet-friendly. Ten additional rooms have been converted to non-guest use. The hotel benefits from a prime location on a major thoroughfare, experiencing high traffic counts due to its proximity to numerous restaurants, shopping, and entertainment venues within Pigeon Forge, a destination attracting 15 million annual visitors. The asking price is $16,500,000, translating to $224.65 per square foot. This property is part of a larger 350-room portfolio available for $44,000,000, offering potential for significant returns. The property's APN is 083N A 001.02, and ownership is held by Prosper Properties LLC. This is a rare chance to acquire a well-established hotel in a high-demand tourist destination.

Property Features for 2825 Parkway

General Information

Property type
Hotels
Square Feet
73,448 SF
Lot Size
101,930 SF

Building Details

Year Built
1983
Stories
4

HighLights

  • Offered: 350‑room hotel portfolio, three Parkway hotels in Pigeon Forge.
  • Asking price: $44,000,000.
Property Profile Location Intelligence

Current Use by Public Records

Americana Inn A Travelodge ... Hotel

Suggested Use

Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Pigeon Forge
County
Sevier
State
Tennessee
Longitude
-83.568658316125
Latitude
35.800127336157

FAQs

What type of property is this?
Hotel - 165-Room Hotel, High Traffic Location
Where is this hotel located?
The property is located at 2825 Parkway Pigeon Forge, TN.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: Offered: 350-room hotel portfolio, three Parkway hotels in Pigeon Forge.; Asking price: $44,000,000.;
More about this property
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