Purchasing a motel in Eastern Tennessee
I am interested in exploring purchasing a motel in the smoky mountains and wanted to make some other connections down there who have experience in doing this. I currently own a STR in Sevierville but want to expand in other areas. Thanks!
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We have 2 boutique motels undergoing renovation in the Shenandoah VA area, a 22-room and a 7-room, both launching in the next 4-6 weeks. Spending a lot of $ remodeling them to modern standards with attractive finishes and amenities. We'll be priced well below cabin rental rates in the area targeting the younger couples looking to spend a few days hiking, hitting the breweries, etc without having to spend $1000+. I think it's a great idea, but ask me again next year once I have data to share!