Hunter Advisors has overseen the sale of the Courtyard Knoxville (Tenn.) Cedar Bluff and Residence Inn Knoxville (Tenn.) Cedar Bluff. The transaction was brokered by SVP Tim Osborne on behalf of the institutional seller. Both the seller and buyer are private groups and requested anonymity. Other terms and conditions were not disclosed.
Located off the I-75 and I-40 connector in a prominent commercial and retail corridor, the two hotels are close to more than 200 nearby restaurants and entertainment venues. The location provides connectivity to key regional demand generators including downtown Knoxville, Oak Ridge, the University of Tennessee, Neyland Stadium, Thompson-Boling Arena, Oak Ridge National Laboratory and the Women’s Basketball Hall of Fame as well as proximity to more than 60 local historical sites.
The Courtyard Knoxville Cedar Bluff is a 78-key, three-story hotel with a Bistro, 650 square feet of meeting space, an indoor pool and a fitness center…