3402 Winfield Dunn Pky - Hospitality FOR SALE
Kodak, TN 37764 |
$7,500,000 USD
334-313-6014
3402 Winfield Dunn Pky
Kodak, TN 37764
HIGHLIGHTS
- The property has undergone a comprehensive $1.7M interior/exterior renovation in connection with its conversion to Spark by Hilton
- Newly converted asset positioned for growth under Hilton. Expected to increase occupancy, ADR, and RevPAR as operations ramp and stabilize.
- Competitive set RevPAR is ~$50.65 vs. subject at $26.62 post-renovation. Projected to stabilize with revenues exceeding $1.7M annually.
- Strategically located along I-40 in Kodak, offering strong visibility and easy access for travelers between Knoxville and Sevier County tourism hubs.
- Gateway to Smoky Mountains near Sevierville, Pigeon Forge, and Gatlinburg. Area draws over 12M annual visitors, supporting strong lodging demand.
- Market shows long-term stability with diversified leisure demand, strong infrastructure, and continued investment in attractions and amenities.
OVERVIEW
Connolly Investments is pleased to present to qualified investors the opportunity to acquire the 77-key Spark by Hilton located in Kodak, Tennessee. This recently converted asset offers investors the ability to acquire a newly renovated, Hilton-branded hotel positioned within the Upper Economy segment, benefiting from Hilton’s reservation system, brand recognition, and operational efficiencies.
FOR SALE DETAILS
PRICE
$7,500,000 USD
PRICE/SF
$177 USD /SF
# OF ROOMS
77
PRICE/ROOM
$97,403 {currency}
CAP RATE
Request Cap Rate
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Spark by Hilton Kodak TN
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
4
ROOM ENTRANCE
Exterior
BUILDING CLASS
B
YEAR BUILT
1997
PARKING SPACES
83
LAND DETAILS
LAND ACRES
1.52 AC
LAND SF
66,211 SF
ZONING
C-4
APN/PARCEL ID
008-154.03
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334-313-6014
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334-313-6014
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