Marcus & Millichap Arranges Sale Of 62-Room Hampton Inn In Caryville TN For $5.9M

A 62-room Hampton Inn located at 4459 West Central Avenue, Caryville, TN, was sold for $5,900,000. The hotel has a total square footage of 42,000, resulting in a price per square foot of $140. The property features a key count of 62, which translates to a price per key of $95,161.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $5,900,000
• Address: 4459 West Central Avenue
• Market: Caryville, TN
• Square Footage: 42,000
• Price per Square Foot: $140
• Keys: 62
• Price per Key: $95,161

The sale was facilitated by brokers Kishan Patel, Lucas Jalenak, and Alexandre Duong from Marcus & Millichap, who arranged the transaction for the Hampton Inn property.