Third Highest Grossing Hotel for this Well Known Franchise

Listing Number: 94356-832542

Description

Third Highest Grossing Hotel In The Nation for this well known Franchise. Completely remodeled in 2017 and nestled in the Great Smokey Mountains. Located directly on the world famous "Parkway" at the center of Entertainment Island, the premier tourist/family vacation location. The Island at Pigeon Forge attracts over 10 million visitors each year and the national park an additional 12.5 million visitors. The 2 acres of Real Estate alone appraised at $8,275,000 in 2019. Sevier County has the second lowest property taxes in the state totaling only $40,000 a year for this entire property. The Hotel consistently sells out AND over 40% of reservations are booked directly through the Franchise marketing website, operated by the Franchisor. The hotel features 142 Rooms, private owners suite, pool, on site laundry and again directly centered on the tourist/vacation strip. Double digit growth annually for the past five years.

Listing Details

  • Price: $13,017,283
  • Down Payment: TBD
  • Sellers Discretionary Earnings: $962,233
  • Total Sales: $2,417,897
  • Location: Sevier County, Tennessee

  • Inventory: $0
  • FF&E: $0
  • Employees: 15
  • Year Established: 1983
  • Reason for Selling: Relocation
  • Category: Real Property Rltd
Third Highest Grossing Hotel for this Well Known Franchise

Business Listed By:

Jeff Cunningham