The 11-story Chattanooga Bank Building at 736 Broad Street has sold for $4.9 million.
The 121,000 square foot building was constructed in 1927.
There have been several different proposals to restore the landmark building. It was announced in January of 2022 that a $40 million Hilton would go there. In 2016, a $31 million hotel was announced.
Chattanooga Hotel Propco LLC purchased the property from Watermark Chattanooga LLC.