This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Rodeway Inn Cleveland 2595 Georgetown Rd
48 Room Hotel Cleveland, TN 37311 $8,433,946 CAD ($175,707 CAD/Room)
Executive Summary
A total remodeling of 50 units with kitchenettes has just been fully completed.
All new furniture, beds, kitchen appliances, sinks, 51 of the units include Kitchenettes. 49 units are complete except for the kitchenettes.
Built in 1969
Masonry – non-combustible
Roof is TPO replaced 2019 Building 2 and 3
Roof is metal replaced 2019 on Building 1
50 new T-Pacs - heat and AC units
Property sits on 2.8 level acres
Zoned commercial
Data Room Click Here to Access
Property Facts
| Price | $8,433,946 CAD | Lot Size | 2.80 AC |
| Price Per Room | $175,707 CAD | Building Size | 22,397 SF |
| Sale Type | Investment | No. Rooms | 48 |
| Sale Conditions | Business Value Included | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1986/2023 |
| Property Subtype | Hotel | Parking Ratio | 4.6/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $8,433,946 CAD |
| Price Per Room | $175,707 CAD |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.80 AC |
| Building Size | 22,397 SF |
| No. Rooms | 48 |
| No. Stories | 3 |
| Year Built/Renovated | 1986/2023 |
| Parking Ratio | 4.6/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
About 2595 Georgetown Rd , Cleveland, TN 37311
Building One – • Lobby and offices • Full-Service Restaurant - Seats 90 • Full-Service Commercial Kitchen • Two Meeting Rooms on second floor with Service Bar • Restaurant is Leased at $4,500/Month Building Two – • 40 units are 12 X 25 • 10 units are 12 X 20 • Plus, one three-room apartment • All new electrical outlets, switches and LED lighting • Second floor includes two – two-room apartments • Upstairs apartments have a back door Building Three – • 49 all newly renovated units • ALL ROOMS ARE KITCHETTES • 9 units are 12 X 20 with connector doors • 38 units are 12 X 25 • One unit is an up and downstairs apartment • One unit is a vending/laundry room • All new electrical outlets, switches and LED lighting
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $134.66 CAD | - |
| Guest Room | 46 | $87.88 CAD | - |
PROPERTY TAXES
| Parcel Number | 041K-A-003.00 | Improvements Assessment | $398,989 CAD |
| Land Assessment | $149,061 CAD | Total Assessment | $548,051 CAD |
PROPERTY TAXES
zoning
| Zoning Code | CH |
| CH |
Presented by
Rodeway Inn Cleveland | 2595 Georgetown Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.