Historical Mayor's Mansion Bed & Breakfast
SOLD

Chattanooga, Tennessee
commercial.gcar.net/listing/Z02Hvd0V82M/801-Vine

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Property Type
Bed & Breakfast / Inn
Guest Rooms
11
Baths
11
Restaurant
Yes
Owners Quarters
Yes
Asking Price
$1,575,000

Occupancy Rate
56%
Average Daily Rate
$164
Gross Revenue
$477,476
Gross Revenue Multiplier
3

Property Overview

This 11-room bed and breakfast mansion inn, built in 1889, was home to Edmond G. Watkins, who later became the Mayor of Chattanooga, Tennessee. In addition to the guest rooms, there is a studio apartment designated for an on-site manager, which could also be repurposed as a spa. The owner's apartment is on the lower level and features a full kitchen, living room, bedroom, bathroom and office nook. The Mayor's Mansion Inn serves the community in a variety of ways including being a popular venue for weddings, corporate events, luncheons, in addition to creating an inviting historical environment for guests to "get away".


Property Description

Experience the historical elegance of the Mayor’s Mansion Inn Bed and Breakfast. Now serving Chattanooga and located in the Fort Wood Historic District, adjacent to the University of Tennessee at Chattanooga campus, the Mayor’s Mansion Inn Bed and Breakfast is truly dedicated to making your client's stay in Tennessee as unforgettable as the Chattanooga surroundings. The Mayor’s Mansion Inn Bed and Breakfast is conveniently located to such well-known Chattanooga, TN attractions as the Tennessee Aquarium, Ruby Falls, Rock City Garden and Lookout Mountain.


Business Description


Reason for Selling

The owners have owned this beautiful bed and breakfast for 10 years and are ready to retire.


Terms & Asking Price