FAIRFIELD INN & SUITES BIRMINGHAM BESSEMER

4980 ACADEMY CT

BESSEMER, AL 35022


Availability: Closed

Price: Unpriced

Address:
4980 Academy Ct

Bessemer, AL 35022

Number of Rooms: 76

Gross SF: 76,666

Year Built: 2007

INVESTMENT OVERVIEW

Hunter | Havericak | Altman Hotel Group has been exclusively retained to offer for sale the fee simple interest in the 76-room Fairfield Inn & Suites located in Bessemer, Alabama, a suburb of Birmingham. The hotel is a 4-story property built in 2007 and located just off Interstate 20/59, providing ease of access for commerce and tourism. Fairfield Inn & Suites Birmingham Bessemer provides the opportunity for a new owner to acquire a Marriott hotel in a strong, stable secondary market with the potential to realize significant RevPAR growth through hands-on management, completion of the property improvement plan, capturing future business from transformative major incoming business drivers and utilization of the Marriott name, reservation system, and loyal base of guests.

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INVESTMENT HIGHLIGHTS

  • Less than 7 Miles from the Incoming J.M. Smucker Co. Development, the Largest Investment in the History of Jefferson County ($1.1 Billion)
  • Consistent Historical Revenues and Expenses
  • Historically High NOI Margin
  • Only Marriott Hotel in Bessemer
  • Incoming Cross-Load Industrial Facility +/- 1.0 Mile from Hotel ($30 Million)
  • Proximate to Demand Generators: Mercedes Benz US International, Downtown Birmingham, Bessemer Civic Center, etc.
  • Stable Southeastern Secondary Market

EXCLUSIVELY LISTED BY

ROBERT S. HUNTER

Robert.Hunter@MarcusMillichap.com

(954) 245-3473

R. MCLEAN HICKLIN III

Mclean.Hicklin@MarcusMillichap.com

(864) 923-6223

BROKER OF RECORD

Eddie Greenhalgh

Broker of Record
15 Richard Arrington Jr Blvd N, Ste. 300
Birmingham, AL 35203
P: (205) 510-9200
Lic #: 000088298-0