Hotel AG Lists the Chatt Inn-Chattanooga, TN
Hotel Assets Group, LLC, as sole exclusive agent, is pleased to offer the fee-simple interest in The Chatt Inn, a limited-service/extended stay hotel located in Chattanooga, Tennessee.
The Hotel is conveniently located off of Interstate 24, minutes from downtown Chattanooga. The Hotel is near local area attractions such as Look-out Mountain, Ruby Falls, the Tennessee Valley Railroad Museum, The Chattanooga Choo-Choo, the Incline Railway, Rock City Gardens, and the Southern Belle Riverboat. The Tennessee Aquarium and IMAX Theater are also nearby. The Hotel also offers convenient access to local area shopping and dining.
The Property is a limited-service/extended stay, two-story, exterior corridor hotel, originally constructed in 1971 +/-. The Hotel contains a front desk, lobby and coffee area, meeting space, audio visual, restaurant, public restrooms, guest laundry, and an outdoor pool. The Hotel has typical back of the house space. The Property has 155-guestrooms complete with king, double and single beds, linen, bedding, pillows, headboard, night stand, framed art, mirror, lamps, black out curtains, dresser, work desk with chair, Internet service, mini refrigerator, microwave, coffee maker, clock radio, telephone, television, arm chair, coffee table and sofa. Select guestrooms have additional room amenities such as a kitchen, dining table with two chairs, full size refrigerator, separate sitting area with arm chair, couch, end tables coffee table and lamps, and framed art. The Property sits on approximately 2.23 acres and has a building size of approximately 64,000 square feet.
- $1,154,309 Year Ending 2012 Actual Rooms Revenue
- 75% Occupancy Year Ending 2012
- $276,875 Net Operating Income (NOI) Year Ending 2012
- Revenue, Occupancy and ADR are trending up
- Interstate 24 ( I - 24 ) visibility and frontage with Interstate Signage ? Easily Accessible from Interstate 24