FORMER HOLIDAY INN EXPRESS & SUITES (CONVERSION TO COMFORT INN & SUITES)

INVESTMENT OVERVIEW

Hunter | Havericak | Altman Hotel Group, in conjunction with Ten-X, has been exclusively retained to offer for sale the fee simple interest in the 60-room former Holiday Inn Express & Suites located in Mobile, Alabama. The hotel is a three-story property built in 2007 located directly off Interstate 65, providing ease of access for commerce and tourism. The former Holiday Inn Express & Suites Mobile West I-65 delivers the opportunity for a new owner to acquire a limited-service, independent hotel that is expected to convert to a Comfort Inn & Suites post-closing. A new owner will have the potential to realize significant RevPAR growth through hands-on management and a complete re-branding and utilization of the Choice name, reservation system, and loyal base of guests.

LINK TO TENX AUCTION BELOW:

https://www.ten-x.com/listing/80-springdale-blvd-mobile-al-36606/1000016721/

INVESTMENT HIGHLIGHTS

• Property Will be Sold as a Choice Hotels Independent Brand With the Expectation that a New Owner Will Convert to a Comfort Inn & Suites
• May 2022 Trailing-12 Room Revenue is Above 2019
• The Mobile Market has Shown a Strong Recovery Since the COVID-19 Pandemic
• Property is Located Just off of I-65 and Dauphin St