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Hotel-Motel

Motel 6 Tuscaloosa, AL - University

3600 McFarland Blvd E, Tuscaloosa, AL 35405

Listing Price: $2,600,000

Cap Rate
10.17%
Number of Rooms
38
RevPAR
$37
Price/Room
$68,421
RRM
4.87
Year Built
1973

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s Hospitality Division is please to present for sale to qualified investors the Motel 6 Tuscaloosa (‘Hotel’ or ‘Property’) located in Tuscaloosa, Alabama. The G6 Hospitality-branded Hotel is offered at $2,600,000 or $68,421 per key.

Motel 6 Tuscaloosa is a 38-room, two-story Hotel stationed at 3600 McFarland Blvd E in Tuscaloosa, Alabama at the intersections of U.S. State Highway 11 and Interstate 20 with Highway 82 (McFarland Blvd). The recently renovated Property has a vending machines available and spacious parking that can accommodate large vehicles such as trucks and recreational vehicles.

Tuscaloosa, Alabama, is a vibrant city known for its diverse attractions and cultural landmarks. The city offers excellent healthcare facilities, including Druid City Hospital and the Veterans Hospital, ensuring the well-being of its residents. Cultural enthusiasts can enjoy events at the historic Bama Theatre and outdoor concerts at the Tuscaloosa Amphitheatre. Downtown Tuscaloosa boasts a lively atmosphere with shops, restaurants, and entertainment venues, providing a hub of activity for locals and visitors alike. Home to the University of Alabama, fans can immerse themselves in the vibrant atmosphere of college football games, a cherished tradition in Tuscaloosa. Nature lovers can explore the scenic beauty of the nearby Lake Tuscaloosa or indulge in outdoor activities at the scenic Hurricane Creek Park. Tuscaloosa is also known for its proximity to major cities and destinations. It's just a short drive away from the Mercedes Benz car plant, and Birmingham (52.6 miles) is easily accessible within 45 minutes. The city is also centrally located near premier vacation destinations, Tuscaloosa is strategically located 202 miles from Atlanta (3.5 hours), 156 from Huntsville (2.5 hours), and 250 miles from Gulf Shores/Orange Beach (4.5 hours).

In the trailing twelve-month period ending in December 2023, the limited-service Hotel is expected to record room revenues of over $746,000 and a net operating income just over $375,000, or 39.3 percent as a percentage of total revenues, after a 3 percent capital replacement reserve. As of August, twelve-month average RevPAR in the Tuscaloosa hotel submarket was climbing at an annual rate of 5.5 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

Investment Highlights

  • Two-Story, 38-Room, G6 Hospitality-Branded Hotel Renovated in 2022
  • Owner Financing Option Available
  • Located Under 10 Miles from Tuscaloosa National Airport and 57 Miles from Birmingham and New Mercedes Benz Car Plant
  • Central Strategic Location Near Tourist Destinations Atlanta, Huntsville, and Gulf Shores/Orange Beach
  • Easily Accessible to U.S. State Highway 11, Highway 82, and Interstate 20
  • 2023 Room Revenues Expected to Exceed $746,000 while Maintaining a NOI Over $375,000
  • Fully Renovated Motel 6 with a Recently Replaced Roof

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Hotel-Motel

Motel 6 Tuscaloosa, AL - University

Listing Price: $2,600,000

Cap Rate
10.17%
Number of Rooms
38
RevPAR
$37
Price/Room
$68,421
RRM
4.87
Year Built
1973

Investment Highlights

  • Two-Story, 38-Room, G6 Hospitality-Branded Hotel Renovated in 2022
  • Owner Financing Option Available
  • Located Under 10 Miles from Tuscaloosa National Airport and 57 Miles from Birmingham and New Mercedes Benz Car Plant
  • Central Strategic Location Near Tourist Destinations Atlanta, Huntsville, and Gulf Shores/Orange Beach
  • Easily Accessible to U.S. State Highway 11, Highway 82, and Interstate 20
  • 2023 Room Revenues Expected to Exceed $746,000 while Maintaining a NOI Over $375,000
  • Fully Renovated Motel 6 with a Recently Replaced Roof

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s Hospitality Division is please to present for sale to qualified investors the Motel 6 Tuscaloosa (‘Hotel’ or ‘Property’) located in Tuscaloosa, Alabama. The G6 Hospitality-branded Hotel is offered at $2,600,000 or $68,421 per key. Motel 6 Tuscaloosa is a 38-room, two-story Hotel stationed at 3600 McFarland Blvd E in Tuscaloosa, Alabama at the intersections of U.S. State Highway 11 and Interstate 20 with Highway 82 (McFarland Blvd). The recently renovated Property has a vending machines available and spacious parking that can accommodate large vehicles such as trucks and recreational vehicles. Tuscaloosa, Alabama, is a vibrant city known for its diverse attractions and cultural landmarks. The city offers excellent healthcare facilities, including Druid City Hospital and the Veterans Hospital, ensuring the well-being of its residents. Cultural enthusiasts can enjoy events at the historic Bama Theatre and outdoor concerts at the Tuscaloosa Amphitheatre. Downtown Tuscaloosa boasts a lively atmosphere with shops, restaurants, and entertainment venues, providing a hub of activity for locals and visitors alike. Home to the University of Alabama, fans can immerse themselves in the vibrant atmosphere of college football games, a cherished tradition in Tuscaloosa. Nature lovers can explore the scenic beauty of the nearby Lake Tuscaloosa or indulge in outdoor activities at the scenic Hurricane Creek Park. Tuscaloosa is also known for its proximity to major cities and destinations. It's just a short drive away from the Mercedes Benz car plant, and Birmingham (52.6 miles) is easily accessible within 45 minutes. The city is also centrally located near premier vacation destinations, Tuscaloosa is strategically located 202 miles from Atlanta (3.5 hours), 156 from Huntsville (2.5 hours), and 250 miles from Gulf Shores/Orange Beach (4.5 hours). In the trailing twelve-month period ending in December 2023, the limited-service Hotel is expected to record room revenues of over $746,000 and a net operating income just over $375,000, or 39.3 percent as a percentage of total revenues, after a 3 percent capital replacement reserve. As of August, twelve-month average RevPAR in the Tuscaloosa hotel submarket was climbing at an annual rate of 5.5 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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