Best Western Manchester

New Best Western ® Legacy brand hotel in Manchester, TN being offered for sale. Located in thriving Tullahoma-Manchester MSA, midway between Nashville and Chattanooga, providing access to major markets and transportation routes (I-24 corridor). Complete interior and exterior renovation with zero PIP for new owner. 83 rooms & suites, two story interior corridor, midscale hotel in excellent location with high visibility. Midscale/upper midscale RevPAR market should provide owner possibility to achieve revenues of over $2.2M initial year. The property was built in 1972 for Holiday Inn brand and rebranded to Country Inn & Suites 2001. A 10 year franchise agreement is now in place with Best Western. Complete renovation has taken place in 2023 and 2024 and nearing completion. Renovation includes all new glass entryway, front desk, breakfast area, an elevator addition, fitness room, meeting room, outdoor swimming pool, combination of LVT and carpet flooring, new roof, windows, blackout window treatments and furniture. Additional revenue opportunity can be attained by leasing the property’s East side building that has separate entrance and approximately 10,000 SF space with full size kitchen, ideal for a restaurant. The proximity to large urban centers allows the hotel to attract customers and talent from a broad region. The area has seen steady economic growth, with developments in various sectors including manufacturing, retail and services. The presence of major employers and industries, such as the Arnold Engineering Development Complex (AEDC), contributes to a stable economic environment. Manchester offers a good quality of life with a mix of rural and small-town charm, alongside access to amenities and recreational activities. The city's annual Bonnaroo Music and Arts Festival attracts a significant number of visitors, boosting local businesses.