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SureStay Plus by Best Western Jackson 1936 Highway 45 Byp

48 Room Hotel Jackson, TN 38305 $2,400,000 ($50,000/Room)

Investment Highlights

  • 48 units, 2 stories outdoor corridor
  • Recently renovated, no PIP for new buyer
  • Conveniently located along major transportation routes, including Interstate 40
  • Outdoor swimming pool and fitness center
  • Ideal for owner operator or first-time buyer

Executive Summary

NewGen Advisory is excited to present the SureStay Plus by Best Western, a fully renovated and cost-efficient property available for sale in Jackson, Tennessee. Strategically positioned as an ideal mid-scale asset, this hotel has undergone a comprehensive renovation, surpassing industry standards and presenting a unique opportunity for prospective buyers. Boasting a prime location in a city with a diverse economy, including contributions from manufacturing, healthcare, education, and retail, the SureStay Plus is well-aligned with the dynamic economic landscape of Jackson. The property, operated as a SureStay Plus by Best Western, is offered unencumbered of management, providing investors with a seamless and attractive acquisition option. With no PIP required for the new buyer, this offering stands as an exceptional chance to own a strategically positioned and renovated mid-scale hotel at a compelling value.
Jackson is situated in Madison County and serves as its county seat. It is centrally located in West Tennessee, making it a regional hub. The economy of Jackson is diverse, including manufacturing, healthcare, and education. The city is home to various industries, contributing to its economic stability. The city offers cultural and recreational opportunities. The International Rock-A-Billy Hall of Fame, dedicated to preserving the history of rockabilly music, is located in Jackson. There are also parks, museums, and events that contribute to the city’s cultural scene.

Property Facts

Price $2,400,000
Price Per Room $50,000
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.24 AC
Building Size 24,000 SF
No. Rooms 48
No. Stories 2
Year Built/Renovated 1972/2018
Parking Ratio 2.54/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 8 $148.00 -
Guest Room 40 $113.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
055K-C-008.02
Land Assessment
$133,400
Improvements Assessment
$467,480
Total Assessment
$600,880

zoning

Zoning Code B5 (Commercial (NEC))
B5 (Commercial (NEC))
  • Listing ID: 30679992

  • Date on Market: 1/17/2024

  • Last Updated:

  • Address: 1936 Highway 45 Byp, Jackson, TN 38305

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