119 Pinnacle Dr - Hospitality FOR SALE


Johnson City, TN 37615
$3,700,000 USD
629-262-0382
119 Pinnacle Dr, Johnson City, TN for Sale
$3,700,000 USD
Hospitality - FOR SALE
1/7
null | 9.91% Cap Rate

119 Pinnacle Dr
Johnson City, TN 37615


HIGHLIGHTS

  • Demonstrated Revenue Growth: The property is generating increasing year-over-year revenue, signaling operational momentum
  • Attractive 3.50x Room Revenue Multiple: Offered at just 3.50x Room Revenue, the asset presents a compelling basis relative to recent comparable sales.
  • Minimal Change-of-Ownership PIP: The brand-imposed change-of-ownership PIP is limited in scope, reducing upfront capital expenditures
  • Strategic Retail Corridor Location: Positioned within Johnson City’s primary commercial corridor
  • Strong Market Fundamentals: Johnson City is the economic and educational anchor of Northeast Tennessee, with a growing population
  • SBA 504 Loan Eligible: The property qualifies for SBA 504 financing, offering buyers attractive leverage and favorable loan terms.

OVERVIEW

9% YoY Revenue Growth | Attractive 3.50x Room Revenue Multiple Marketing description Chris Beavers and Mitch Glasson are proud to represent their clients in the disposition of Quality Inn Johnson City Exit 17 - an exceptional acquisition opportunity for hoteliers and extended stay conversion specialists looking for seven figure performance potential in an up-and-coming city. Named the #1 Best Place to Live in 2025 by Travel + Leisure Magazine, Johnson City includes its schools, safety, health care, outdoor living without big-city overhead as its primary reasons for the popularity. Investment highlights Demonstrated Revenue Growth The property is generating increasing year-over-year revenue (9% increase in 2025), signaling operational momentum and strengthening market positioning. Buyers are stepping into a business with proven demand—not an uphill battle. Attractive 3.50x Room Revenue Multiple Offered at just 3.50x Room Revenue, the asset presents a compelling basis relative to recent comparable sales. This pricing allows room for upside while maintaining conservative entry metrics for SBA and conventional buyers. Minimal Change-of-Ownership PIP The brand-imposed change-of-ownership PIP is limited in scope, reducing upfront capital expenditures and preserving liquidity post-acquisition. Post PIP QA Scores came back at 88.1% post PIP inspection. Quality Returns 15% Cash on Cash Return at all-in List Price 21% Total Annual Return at all-in List Price Strong Institutional & Leisure Demand Drivers The hotel benefits from consistent, diversified demand within immediate proximity: East Tennessee State University – A major regional university driving year-round visitation from faculty, athletic events, conferences, and visiting families. Johnson City Medical Center – A leading regional healthcare facility supporting medical, corporate, and patient-family lodging demand. Franklin Woods Community Hospital – An additional healthcare anchor expanding steady weekday occupancy. Freedom Hall Civic Center – Hosts concerts, sporting events, and conventions that generate compression demand. Buffalo Mountain Park & Trails – A regional outdoor attraction supporting weekend and seasonal leisure travel. Broker of Record Hutt Cooke License # 263667, 356505 (TN) Matthews Real Estate Investment Services, Inc 1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$161 USD /SF

# OF ROOMS

60

PRICE/ROOM

$61,667 {currency}

CAP RATE

9.91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Johnson City Exit 17

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1997

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C

APN/PARCEL ID

029H-A-001.02

ASK ABOUT THIS PROPERTY

Chris BeaversMatthews Real Estate Investment ServicesMore Info
629-262-0382

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Chris BeaversMatthews Real Estate Investment ServicesMore Info
629-262-0382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.