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2232 Center StChattanooga, TN 37421

138-Room DoubleTree, Newly Renovated

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 138-key DoubleTree by Hilton hotel presents a compelling investment opportunity in Chattanooga, Tennessee. Located at 2232 Center St, Chattanooga, TN 37421, this seven-story property boasts a prime location, just off I-75, three miles from Chattanooga Airport, and within a ten-mile radius of popular attractions like the Tennessee Aquarium and the Creative Discovery Museum. Completely renovated in April 2023, this former Holiday Inn underwent a comprehensive transformation, now offering a turnkey operation under the DoubleTree brand. The hotel features above-index Average Daily Rate (ADR) and occupancy, demonstrating strong market performance. An attractive 4.25% assumable loan further enhances the investment appeal. This established hotel in a growing market offers significant potential for operational optimization and increased profitability as it stabilizes. The property's recent renovation ensures modern amenities and updated infrastructure, minimizing immediate capital expenditure needs. This is a rare opportunity to acquire a well-positioned, high-performing hotel with a strong brand affiliation and attractive financing terms. The property's convenient location and proximity to key attractions make it an ideal choice for both business and leisure travelers. This turnkey operation provides immediate income generation and significant long-term growth potential.

Highlights

  • Newly renovated 138-room DoubleTree by Hilton hotel.
  • Convenient I-75 location, 3 miles from Chattanooga Airport.
  • Strong Chattanooga market, near key attractions (10 miles from Tennessee Aquarium & Creative Discovery Museum).
  • Turnkey operation with assumable 4.25% loan.
  • Above-average Average Daily Rate (ADR) and occupancy.

Property Details for 2232 Center St

Property type
Hospitality properties, Hotels
Year Built/Renovated
2011/2023
Stories
7

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0410115
Longitude
-85.1613325
2232 Center St, Chattanooga, Tennessee

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2232 Center St
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