239 Dollywood Lane, Pigeon Forge, TN 37863
$3,950,000
Property Type:
Commercial Sale
Square Footage:
57,087
Lot Size (sq. ft.):
200,376
Status:
Closed
Current Price:
$3,950,000
List Date:
8/18/2015
Last Modified:
8/23/2024
Description
Sperry Van Ness/R.M.Moore, LLC is pleased to exclusively offer for sale this impressive independent, interior corridor, all-suites hotel which was originally built as a Homestead Suites (Hilton brand). The hotel operates very profitably as an independent hotel, but would also be an attractive flag conversion. It may also be suitable for conversion to an assisted living, retirement, skilled nursing, or other healthcare-related residential facility. In addition to having 53 all suites(52 of which have kitchens), it has multiple meeting spaces and offices, and ample parking. There is an outdoor pool, game room, fitness room, and guest laundry. The hotel is located directly across from the Gatlinburg Golf Course and is a short drive from the entrance to Dollywood theme park and Dolly's Splash Country.
More Information MLS# 198550
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: C-6
Zoning Entity: Pigeon Forge
Tax Lot: Tr.2
Tax Annual Amount: 17569
Tax Year: 2014
Contract Information
Owner Name: Collier Dev. Group
Rental History Gross Amount 1: 0
Rental History Year 1: 0
Rental History Gross Amount 2: 0
Rental History Year 2: 0
Association Fee: 0
Current Price: $3,950,000
Original List Price: 4400000
Sold Price: $3,950,000
Status: Closed
Listing Contract Date: 2015-08-18
General Property Information
Number Of Buildings: 1
Lot Size Acres: 4.6
Business Name: All Season Suites
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: Yes
List Price/SqFt: 77.08
Sold Price/SqFt: 69.19
Living Area: 57087
Year Built: 1995
Remarks and Miscellaneous
Public Remarks: Sperry Van Ness/R.M.Moore, LLC is pleased to exclusively offer for sale this impressive independent, interior corridor, all-suites hotel which was originally built as a Homestead Suites (Hilton brand). The hotel operates very profitably as an independent hotel, but would also be an attractive flag conversion. It may also be suitable for conversion to an assisted living, retirement, skilled nursing, or other healthcare-related residential facility. In addition to having 53 all suites(52 of which have kitchens), it has multiple meeting spaces and offices, and ample parking. There is an outdoor pool, game room, fitness room, and guest laundry. The hotel is located directly across from the Gatlinburg Golf Course and is a short drive from the entrance to Dollywood theme park and Dolly's Splash Country.
Directions: From the Parkway (US 441) in Pigeon Forge, turn at Light #8 onto Dollywood Lane. Follow to first traffic light and the property is on the Left.
Status Change Information
Status Change Timestamp: 2016-02-01
Buyer Financing: Conventional
Major Change Timestamp: 2016-02-01T06:36:33Z
Major Change Type: Status Change
Purchase Contract Date: 2015-10-23
Close Date: 2016-02-01
Close Price: 3950000
Currently Not Used
Book/Page/Doc #: 4512, 741
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Parking Features
On Site: 1
Paved: 1
Possession
Negotiable: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Phone Available: 1
Sewer Connected: 1
Water Connected: 1
Income and Expenses
Maintenance Expense: 0
Possible Use
Other: 1
Building Features
Fixtures: 1
Furniture: 1
Reception Area: 1
Restrooms: 1
Business Type
Hotel/Motel: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Showing Instructions: Agents: Please do not disturb business operations. Contact listing agent to arrange showings.
Location Tax and Legal
Street Number: 239
Street Name: Dollywood
Street Suffix: Lane
County: Sevier
State: TN
Zip Code: 37863
Property Sub Type: Other
MLS Area Major: Pigeon Forge
Subdivision Name: Other
Property Features
Building Features: Fixtures; Furniture; Reception Area; Restrooms
Business Type: Hotel/Motel
Levels: Two
Listing Terms: Cash; Conventional; Fee Simple Improved
Parking Features: On Site; Paved
Possession: Negotiable
Possible Use: Other
Road Frontage Type: City Street
Road Surface Type: Paved
Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office:
Sperry Van Ness/R M Moore, LLC
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.