4010 Nashville Rd | Franklin, KY 42134
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4010 Nashville Rd
Franklin, KY 42134
Hampton Inn Franklin · Hospitality Property For Sale · 72 Rooms
Investment Highlights
- 3.67 X REV
- Stable Supply | Steady ADR
- Spark Conversion Opportunity in 2 Years
- High Demand Area
- High-demand area with proximity to Kentucky Downs Horse Races and 45 Miles from Nashville Tennessee
Executive Summary
The Hampton Inn is located in Franklin, Kentucky, is ONLY 45 miles south of Nashville. Nashville is a top five US markets, with some of the highest influxes of business, ADR’s, and price per key.
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Highlights & Location:
*$100 Plus ADR Market: Hampton Inn Franklin's ADR is $130.74, significantly higher than the submarket's $106.08.
*Competitive RevPAR: Despite a decrease, RevPAR at $68.06 outperforms the submarket's $62.59.
*Stable Supply: The hotel maintains a stable room supply, ensuring consistent availability. The market has a mix of both economy and mid-scale hotels but is not oversaturated.
*Strong Pricing Strategy: Hilton consistently achieves a higher ADR than its competitors, indicating robust pricing power.
*Revenue Potential: Focus on improving occupancy can leverage the strong ADR to boost overall revenue performance.
*Direct Proximity to the Kentucky Downs Races where over 10,000 enthusiastic fans come to the city of Franklin to place their bets on horse racing, casinos, concerts, and dining.
*Strong Visibility off of Interstate - 25 consistently attracts transient visitors driving to and from Kentucky and Tenessee.
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Corporate Demand Generators:
*Nashville, Tennessee: Approximately 45 miles south of Franklin, Nashville is the closest major city, known for its vibrant music scene, cultural attractions, and economic opportunities.
*Bowling Green, Kentucky: Located about 25 miles northeast of Franklin, Bowling Green is home to Western Kentucky University and the General Motors Corvette Assembly Plant, providing educational and employment opportunities.
*Louisville, Kentucky: Approximately 130 miles northeast of Franklin, Louisville is the largest city in Kentucky, offering a diverse range of cultural, recreational, and economic activities (South Central KY).
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Rebranding Potential:
The Hampton Inn Franklin, KY will remain a Hampton for one additional year, potentially two. The proposed plan is to rebrand the older Hampton prototype to a Spark by Hilton. The PIP details for the conversion are in the due diligence vault. As a Spark by Hilton, the hotel will still carry the Hilton name and benefit from the Hilton reservation system with a fresh look. The market has a true mixture of mid-scale and economy hotels, and all hotels generate a powerful ADR. We are conservatively projecting for the Spark to do approximately $1.6M-$1.7M in revenue.
*
*
Highlights & Location:
*$100 Plus ADR Market: Hampton Inn Franklin's ADR is $130.74, significantly higher than the submarket's $106.08.
*Competitive RevPAR: Despite a decrease, RevPAR at $68.06 outperforms the submarket's $62.59.
*Stable Supply: The hotel maintains a stable room supply, ensuring consistent availability. The market has a mix of both economy and mid-scale hotels but is not oversaturated.
*Strong Pricing Strategy: Hilton consistently achieves a higher ADR than its competitors, indicating robust pricing power.
*Revenue Potential: Focus on improving occupancy can leverage the strong ADR to boost overall revenue performance.
*Direct Proximity to the Kentucky Downs Races where over 10,000 enthusiastic fans come to the city of Franklin to place their bets on horse racing, casinos, concerts, and dining.
*Strong Visibility off of Interstate - 25 consistently attracts transient visitors driving to and from Kentucky and Tenessee.
*
*
Corporate Demand Generators:
*Nashville, Tennessee: Approximately 45 miles south of Franklin, Nashville is the closest major city, known for its vibrant music scene, cultural attractions, and economic opportunities.
*Bowling Green, Kentucky: Located about 25 miles northeast of Franklin, Bowling Green is home to Western Kentucky University and the General Motors Corvette Assembly Plant, providing educational and employment opportunities.
*Louisville, Kentucky: Approximately 130 miles northeast of Franklin, Louisville is the largest city in Kentucky, offering a diverse range of cultural, recreational, and economic activities (South Central KY).
*
*
Rebranding Potential:
The Hampton Inn Franklin, KY will remain a Hampton for one additional year, potentially two. The proposed plan is to rebrand the older Hampton prototype to a Spark by Hilton. The PIP details for the conversion are in the due diligence vault. As a Spark by Hilton, the hotel will still carry the Hilton name and benefit from the Hilton reservation system with a fresh look. The market has a true mixture of mid-scale and economy hotels, and all hotels generate a powerful ADR. We are conservatively projecting for the Spark to do approximately $1.6M-$1.7M in revenue.
PROPERTY FACTS Under Contract
| Price Per Room | £57,983 | Building Size | 28,000 SF |
| Sale Type | Investment | No. Rooms | 72 |
| Net Initial Yield | 9.76% | Number of Floors | 3 |
| Property Type | Hospitality | Year Built | 1997 |
| Property Subtype | Hotel | Parking Ratio | 2.61/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.30 AC | Opportunity Zone |
Yes
|
| Price Per Room | £57,983 |
| Sale Type | Investment |
| Net Initial Yield | 9.76% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.30 AC |
| Building Size | 28,000 SF |
| No. Rooms | 72 |
| Number of Floors | 3 |
| Year Built | 1997 |
| Parking Ratio | 2.61/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Centre
- Fitness Centre
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 72 | £134.70 | - |
PROPERTY TAXES
| Parcel Number | 043-27-00-006.00 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,363,100 |
PROPERTY TAXES
Parcel Number
043-27-00-006.00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,363,100
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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