KNOXVILLE, Tenn. (WATE) — The Crowne Plaza in downtown Knoxville now has new owners after it was sold for more than $30 million.
According to documents from the Knox County Register of Deeds, Knoxville Hotel Associates, LLC, a Wyoming limited liability company, sold the property at 401 W Summit Hill Drive to Sachchidanand Hotel Summit, LLC, for $30,305,000 on August 1. The sale was confirmed by a notary based in Kane County, Illinois.
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Sachchidanand Hotel Summit, whose owner is listed as Shailesh Patel, is based in Knoxville. The company also bought the Courtyard by Marriot in Brookview Town Centre on N. Northshore Dr. for $23.23 million in March 2023 according to records from the Register of Deeds.
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The Crowne Plaza has 197 rooms on 12 floors, a full-service restaurant, lounge and indoor pool, and a 3,000-square-foot fitness center. It opened in 2005 and was the first Crowne Plaza to open in Tennessee, according to Hotel Business…