Attractive opportunity to acquire a renovated 35-room interior corridor Econo Lodge hotel, strategically positioned in Chattanooga’s Lookout Valley, immediately accessible to I-24, Lookout Mountain, and Downtown Chattanooga.
The property benefits from proximity to a concentration of Chattanooga’s most recognizable tourism and recreation destinations, creating multiple sources of lodging demand throughout the year. Hamilton County welcomed 11.5 million visitors with $1.8 billion in tourism spending.
The hotel is located within a short drive of:
• Ruby Falls: 2 miles
• Lookout Mountain Incline Railway: 3 miles
• Erlanger Park: 4 miles
• Finley Stadium: 4 miles
• Chattanooga Convention Center: 4 miles
• Tennessee Aquarium: 5 miles
• Rock City Gardens: 6 miles
• UTC campus: 6 miles
In addition, the property is located within minutes of over $1 billion in major economic development projects currently in progress and in the pipeline. The property is positioned to capture significant extended stay contractor demand.
Project distance to hotel:
• Amazon 200K sq ft facility under construction: 1 mile
• I-24 expansion ($550mil): 1 mile
• St Elmo Station 33 ($130mil): 4 miles
• South Broad District ($300mil): 4 miles
• Sunset Amphitheater ($300mil): 5 miles
• The Bend ($350mil): 5 miles
This hotel’s premier location, manageable interior corridor footprint, and attractive cost per key basis make it an ideal and compelling opportunity for an owner-operator or investor.