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This bank-owned limited service hotel consists of two 2-story exterior corridor buildings on a large 5.3+ acre tract. The front 64-unit building is operated as a Quality Inn and the back 28-unit building is operated as an independent extended stay property. There is an attractive fenced outdoor pool and spa area between the two properties.
While the hotel can continue to be operated as built, the commanding site also offers an attractive opportunity for major new hotel or other commercial development.
It is located less than 1 mile from the proposed 185-acre Dumplin Creek retail and entertainment mega-development for which the City of Sevierville recently passed a resolution to submit grant requests to the State of Tennessee to help fund the proposed Dumplin Creek Boulevard.• Close to I-40 Exit 407 and Winfield Dunn Parkway, the primary traffic corridor for Sevier County's 11 - 13 million annual visitors• Prominent elevated site has great I-40 visibility and easy access• Bass Pro Shops, Tennessee Smokies AA baseball stadium and restaurants are conveniently located at Exit 407 - Parking description: Onsite, paved - Area description: The hotel is located on an elevated site on the south side of Dumplin Valley Road, a short distance from I-40 Exit 407 and Winfield Dunn Parkway, the primary traffic artery for Sevier County's 11 - 13 million annual visitors. - Number of buildings: 2 - Number of units: 92 - Building condition: Average
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On average, listings lease in the $20's per square foot per year. The Sevierville region is going through a an increase in rates. In the last 3 months, the median rate rose $29 per sqft per year. That's a Inf% increase in rent.
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