COUNTRY INN & SUITES SARALAND

1130 JOANEEN DR

SARALAND, AL 36571


Availability: Available

Price: $4,600,000

Address:
1130 Joaneen Dr

Saraland, AL 36571

Number of Rooms: 60

Year Built: 2008

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale, through auction, the fee simple interest in the 60-room Country Inn & Suites located in Saraland, Alabama, a suburb of Mobile. The hotel is a three-story property built in 2008 and located directly off Interstate 65. Country Inn & Suites Saraland provides the opportunity for a new owner to acquire a limited-service hotel with potential to realize significant RevPAR growth through hands-on revenue management and utilization of the Choice name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

  • +/- 3.27 Room Revenue Multiple Including PIP
  • ADR 24.1% Below Competitive Set
  • High Occupancy Hotel with NOI Upside
  • Stable, Consistently Growing Revenue Year-Over-Year
  • Located off of I-65 in the Mobile MSA, the Third Largest MSA in Alabama
  • Proximate to University of Mobile, Allied Steel Corporation, Vertex Energy Mobile Refinery, Austal USA, Downtown Mobile and More

EXCLUSIVELY LISTED BY

R. MCLEAN HICKLIN III

Mclean.Hicklin@MarcusMillichap.com

(864) 923-6223

ROBERT S. HUNTER

Robert.Hunter@MarcusMillichap.com

(954) 245-3473

BROKER OF RECORD

EDDIE GREENHALGH
AL Broker of Record
205.510.9200 Direct
License: 000088298-0