120 Childs Rd - Hospitality FOR SALE


Harriman, TN 37748
$3,250,000 USD
629-262-0382
120 Childs Rd, Harriman, TN for Sale
$3,250,000 USD
Hospitality - FOR SALE
1/4
null | 10.11% Cap Rate

120 Childs Rd
Harriman, TN 37748


HIGHLIGHTS

  • The property has successfully completed the latest Wyndham “DAWN” Property Improvement Plan (PIP).
  • Recent renovations position the asset for improved operational performance and increased revenue capture.
  • Includes a two-story in-house apartment, providing convenient on-site management and potential cost efficiencies.

OVERVIEW

Marketing Description Chris Beavers and Mitchell Glasson of Matthews Real Estate Investment Services are pleased to present the exclusive listing for the opportunity to acquire the Days Inn Harriman. The hotel is completely renovated to the most recent DAWN by Wyndham PIP package. The PIP was completed in July 2025 and awarded a 10-year license extension through 2035. 2024 Operating Overview (Major PIP Year) • ADR & Occupancy: $72.96 @ 54.6% • Total Revenue: $750,377 • Owner’s Adjusted 2024 Net Operating Income: $164,151 2023 Operating Overview (Partial PIP Year) • ADR & Occupancy: $70.23 @ 56.10% • Total Revenue: $800,128 • Owner’s Adjusted 2024 Net Operating Income: $237,606 This is an exclusive listing - Please do not contact the owner, staff, or go to the property without scheduling a tour directly with the primary listing agent, Chris Beavers. Contact Chris for the full Due Diligence folder and click the link for the Offering Memorandum in the ‘Investment Highlights’ section. Investment Highlights 1. DAWN - most recent Wyndham PIP package fully completed July 2025 2. Operational Upside - post renovation 3. Managerial Suite - Two floor apartment in-house Demand Drivers 1. Tennessee Valley Authority (TVA) (3 mi.) - The Tennessee Valley Authority operates a major coal-fired power plant that generates electricity for a wide swath of the surrounding region. Its presence ensures reliable power supply for residential, commercial, and industrial users across multiple counties. a. Kingston Fossil Plant (5.6 mi.)) - The Kingston Fossil Plant remains a coal-fired power plant. It has nine units with a combined capacity of 1,398 megawatts and burns about 14,000 tons of coal daily. b. Watts Bar Nuclear Plant (32 mi.) - The Watts Bar Nuclear Plant is a nuclear power facility with two pressurized-water reactors. Unit 1 began commercial operation in 1996, and Unit 2 started in 2016, making it the first new nuclear reactor in the U.S. in the 21st century. Each unit produces approximately 1,150 megawatts, enough to power about 650,000 homes, and it operates without carbon emissions. 2. Bayou Steel (4 mi.) - Bayou Steel is a key industrial employer in the area, focused on manufacturing and recycling a broad range of steel products. These materials support infrastructure, construction, and heavy industry needs across the Southeast. 3. Roane State Community College (5 mi.) - Roane State Community College serves over 5,000 students through associate degree programs, technical training, and workforce development initiatives. The institution plays a critical role in preparing a skilled labor force for regional employers. 4. Roane County Industrial Park (5.5 mi.) - This industrial hub hosts over a dozen businesses and serves as a central point for manufacturing, logistics, and distribution in the area. Anchor tenants include H.T. Hackney, one of the largest wholesale food distributors in the U.S., and Volkswagen’s Southeast Distribution Center. This property is nestled conveniently behind McDonalds with Eastern Tennessee Mountain views. Neighboring eateries include a Ruby Tuesday, Wendy’s, Taco Bell, KFC, Pizza Hut, and Los Primos Authentic Mexican Cuisine. The property is located directly off I-40 West at Exit 347. Hutt Cooke License No. 263667 (TN) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$111 USD /SF

# OF ROOMS

50

PRICE/ROOM

$65,000 {currency}

CAP RATE

10.11%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn Harriman

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1982

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

CC

APN/PARCEL ID

036I-A-002.02

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 Policy.