HOME2 SUITES DOTHAN

5005 MONTGOMERY HWY

DOTHAN, AL 36303


Availability: Under Agreement

Price: $16,250,000

Address:
5005 Montgomery Hwy

Dothan, AL 36303

Number of Rooms: 97

Year Built: 2019

INVESTMENT OVERVIEW

Hunter Havericak Hotel Group of Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 97-room Home2 Suites located in Dothan, Alabama. The hotel is a four-story property built in 2019 and located directly off US Highway 231. Home 2 Suites Dothan provides the opportunity to acquire one of the most sought-after brands available today in a growing market. With the hotel RevPAR growing, utilization of the Hilton name and reservation system, the hotel is poised to continue gaining market share in the select-service extended-stay market segment.

INVESTMENT HIGHLIGHTS

  • 2019 Construction
  • Historically Strong Net Operating Income with Stable Revenues
  • Hilton Brand Affiliation
  • Positive-Trending Occupancy, ADR and RevPAR
  • Dothan, Alabama is Consistently Growing (5.12% Increase Since 2010)
  • Proximate to Troy University - Dothan Campus, Michelin Dothan Manufacturing, Dothan Civic Center Arena, Flowers Hospital, Fort Rucker, SE Health Medical Center, Numerous youth Sports Complexes, 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