Hotel-Motel
Country Inn & Suites Saraland
1130 Joaneen Dr, Saraland, AL 36571
Listing Price: $4,600,000
Investment Overview
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.
Country Inn & Suites Saraland
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
Listing Price: $4,600,000
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
Investment Overview
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.
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