2232 Center StChattanooga, TN 37421

Property Details for 2232 Center St

Year built

2011

Lot size

3.91 AC

Property size (Sq ft)

84,846 SF

Zone code

C2

Property type

Hospitality properties

Property subtype

Hotels

APN

148E B 003

APU

148EB003

Description

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.

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0413

Longitude

-85.1609

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].