PROPERTY OVERVIEW

Excellent Location

The TownePlace Suites Knoxville Cedar Bluff is located directly along I-40/I-75, just minutes from the largest demand generators in Knoxville. The hotel is within close proximity to Parkwest Medical Center, University of Tennessee, Downtown Knoxville, and two of the area’s largest employers, the Y-12 National Security Complex and Oak Ridge National Laboratory. 

Institutional Extended Stay Marriott Branded Asset

TownePlace Suites by Marriott focuses on ensuring that longer-stay guests stay productive and upbeat with personalized service and clever design details that give them a sense of calm and comfort during their extended stays. Premium branded assets have distinct competitive advantages compared to the rest of the market due to their large rewards and reservation systems as well as name recognition. All Marriott properties are backed by the Marriott Bonvoy reward program which boasts over 160 million members across 31 brands and more than 8,000 hotels worldwide.

Offered Below Replacement Cost in a High Growth Market 

The TownePlace Suites Knoxville Cedar Bluff is being offered at a discount to replacement cost with construction costs at an all-time high. The offering presents an opportunity to buy into an exponentially growing market at an attractive basis.