Listing Number: 5182-704673
Description
One of the crown jewels in the hotel business is now for sale. This listing is a family owned inn founded and built over 40 years ago. The motel is located at one of the gateways to the Smoky Mountains, a tourist haven that annually sees millions of people visiting every year. The real estate and buildings, FF&E, cash flow and goodwill are all included in the sales price. This well-established resort has plentiful rooms, an outdoor pool and a spacious conference center for meetings. The owners are ready to retire and will help transition to the right buyer. The seller is looking for a buyer who is family oriented and is not an “institutional” investor.
Listing Details
- Price: $ 5,950,000
- Down Payment: $5,500,000
- Sellers Discretionary Earnings: $ 722,619
- Total Sales: $ 1,305,839
- Location: Tennessee
- Inventory: $ 0
- FF&E: $ 0
- Employees:
- Reason for Selling: Retirement
- Category: Real Property Rltd
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