Purchasing a motel in Eastern Tennessee

[Jonathan Stevens]

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!

[John Carbone]

Quote from @Jonathan Stevens:

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!

I just am in the process of finishing a renovation on a small motel like property. Message me if you want to discuss. 

[Luke Carl]

 Hotel is a hotel is a hotel. Whole different thing than Vrbo. I’m sorry it’s not something I know anything about other than asking about it here is probably the wrong move. 

[John Underwood]

Inrhink most people prefer a cabin but not really sure either. 

Have you tried to talk with other small hotel owners to get a feel for demand?

[John Carbone]

There is a large new hotel going in by the Alamo steakhouse in gatlinburg. They must feel like there is demand to be doing that. I imagine those rooms won’t be under $200 a night. 

The problem with the area is that almost all of the motels are so outdated from the 70s that nobody wants to stay at them. Sort of like the motel in the ozarks show. Big money is coming into this area to appeal to the modern times. 

[Mike Eichler]

I am currently looking around the smoky mountain area aswell, I work in STR management and would be more than happy to run some numbers on something you find for free, let me know how I can help.

[Collin H.]

Quote from @Mike Eichler:

I am currently looking around the smoky mountain area aswell, I work in STR management and would be more than happy to run some numbers on something you find for free, let me know how I can help.

 I think a small motel could be a great idea. There are a lot of 60s-70s style drive-in motels around Gatlinburg.  It would be cool to completely gut one of those, yet keep the  60s-70s theme. Heck, the mid century decor has become all the rage again, so why not?  

[Chase Hoover]

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!