115 Liberty Br Ln Athens, TN 37303-7076

This exceptional 105-room extended-stay hotel in Athens, Tennessee, presents a lucrative investment opportunity. Completely renovated in 2024 with a total capital expenditure of $4,465,000, this three-building, two-story property boasts new electrical, plumbing, mechanical, fire alarm, and sprinkler systems. All 105 rooms feature full kitchenettes, including stovetops, refrigerators, sinks, and microwaves. Situated on a 7.7-acre lot (APN: 054039 03900) at 115 Liberty Branch Ln, Athens, TN 37303, this hotel enjoys a prime location directly on Interstate 75, midway between Chattanooga and Knoxville. Projected first-year revenue is $1,607,331, with a net income of $557,229. The property is currently unbranded, offering flexibility for conversion to various franchise options, including Suburban Studios, Select Suites, Red Roof Inn, or HomeTowne Studios, with potential key money incentives. A Certificate of Occupancy is expected in November 2024. This turn-key operation is ideal for investors seeking a high-return, fully renovated asset in a strong market. The seller is highly motivated and encourages offers from buyers with at least 20% down. This is the only extended-stay hotel within a 25-mile radius, ensuring a strong competitive advantage. Year 2 and 3 pro forma revenues are projected at $1,705,217 and $1,826,629 respectively. The property was built in 1975.