2162 ParkwayPigeon Forge, TN 37863

Property Details for 2162 Parkway

Year built

1971

Lot size

1.43 AC

Property size (Sq ft)

32,937 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional investment opportunity presents a fee-simple interest in a 3-story, 63-unit limited-service hotel, the Howard Johnson by Wyndham Pigeon Forge. Located at 2162 Parkway, Pigeon Forge, TN 37863, this property boasts a prime location on a major thoroughfare, benefiting from the high traffic volume of Sevier County's 15 million annual visitors. The 32,937 square foot hotel, built in 1971, sits on a 1.43-acre lot and is zoned C-2. Amenities include an enclosed pool, an outdoor pool and play area, a picnic pavilion, a fitness room, and a meeting room with an attached kitchen. The property features 63 keys and is offered at $8,000,000, representing a price per square foot of $242.89. The property's APN is 072 115.00 and is owned by Prosper Properties LLC. Note that the owner is also offering a portfolio sale including two additional Parkway hotels for a total of 350 rooms and a combined price of $44,000,000. This presents a unique opportunity for investors seeking a strong foothold in the thriving Pigeon Forge hospitality market.

Location Insight

City

Pigeon Forge

County

Sevier

State

Tennessee

Latitude

35.8185

Longitude

-83.5783

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