627 Old Hickory Blvd - Hospitality FOR SALE


Nashville, TN 37209- Outer Bellevue
$20,500,000 USD
216-906-2944
627 Old Hickory Blvd, Nashville, TN for Sale
$20,500,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

627 Old Hickory Blvd
Nashville, TN 37209
Outer Bellevue


HIGHLIGHTS

  • 104-Unit 5-Story Brand New Construction
  • $140 RevPAR Market for Upper Midscale- Nashville W/Bellevue
  • ATTRACTIVE FINANCING LINED UP & AVAILABLE- Please Inquire with Andrew Bankhurst

OVERVIEW

We are proud to exclusively present the brand new five-story 104-room Comfort Inn & Suites in Nashville, Tennessee. The hotel is located seven miles west of downtown Nashville directly off Interstate 40 between Midtown and Bellevue. The hotel will immensely benefit from its location within one of the most popular tourist destinations in the country. Not only is the city of Nashville’s tourism industry growing year over year, the city itself is exploding in size and population and is one of the fastest growing areas in the United States. The city’s strong economy and low cost of living has led to it becoming a national hub for music, healthcare, and tourism, and has led to the relocation of many headquarters to the area. The region itself has seen a 20% population growth in the past decade. Major employers nearby include Vanderbilt University Medical Center, Vanderbilt University, Nissan, HCA Health Care, and St. Thomas Health. Nashville saw a record number of tourists in 2022 with over 14.5 million visitors spending over $8.8 billion in the local economy. The hotel will complete construction in May of 2024. It has been built and designed to far surpass the standards of Comfort Inn’s new “Rise and Shine” prototype. The beautifully built hotel was uniquely licensed with short 5-year windows giving a potential investor the opportunity to reposition the flag to push higher ADR while still benefiting from a brand-new build. The hotel is operating in a $140 midscale/upper midscale RevPAR market which should provide a hands-on owner the opportunity to achieve revenues of over $5M upon stabilization. Proudly Collaborating With Our TN Broker of Record Knoxville Real Estate Professionals

FOR SALE DETAILS

PRICE

$20,500,000 USD

PRICE/SF

$374 USD /SF

# OF ROOMS

104

PRICE/ROOM

$197,115 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BRAND NEW-Comfort Inn & Suites Nashville W

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2024

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

CS

APN/PARCEL ID

114-00-0-172

ASK ABOUT THIS PROPERTY

Andrew BankhurstCharles Hart Hospitality GroupMore Info
216-906-2944

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Andrew BankhurstCharles Hart Hospitality GroupMore Info
216-906-2944

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