This is a 105 unit, 2 story, exterior corridor hotel located in Southeast TN midway between Chattanooga and Knoxville directly on Interstate 75. The hotel is poised for a strong position in the market as the only extended stay hotel for 25 miles. Pro forma revenues project to be $1,607,331 in Year 1, $1,705,217 in Year 2 and $1,826,629 by Year 3. Complete renovations are ongoing and include all new electrical, plumbing, mechanical, fire alarm, sprinkler, drywall, flooring, paint, FF&E, public areas and much more, set to be completed by late August 2024. The hotel is fully turn-key with a tentative certificate of occupancy date of August/September 2024. The hotel features full kitchenettes in each room including a stove top, refrigerator, sink, and microwave. It is unencumbered of brand, debt, and management with a variety of alternative brand options available for conversion including Suburban Studios (Choice), Select Suites (ESA), and others with Key Money Incentives for such a franchise license commitment.