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Hotel-Motel

Fairfield Inn & Suites by Marriott Montgomery EastChase Parkway

8970 Eastchase Pkwy, Montgomery, AL 36117

Listing Price: $12,750,000

Cap Rate
9.46%
Number of Rooms
105
RevPAR
$89
Gross SF
58,052
Price/Room
$121,429
RRM
3.70
Price/Gross SF
$219.63
Year Built
2010

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 105-unit, Fairfield Inn & Suites by Marriott Montgomery EastChase Parkway, located in Montgomery, Alabama. The subject property is in the bustling, multiuse development of EastChase, a premier location for retail, hospitality, residential, and office space. It is conveniently located off Interstate-85, just under 13 miles from the intersection of Interstate-65 and Interstate-85 and features three stories of well-maintained guest rooms. Each room is equipped with free Wi-Fi, a flat screen TV with streaming capabilities, microwave, refrigerator, desk with chair, and complimentary toiletries. Select rooms feature additional seating room. Guests can enjoy a daily complimentary hot breakfast, free on-site parking with available charging stations, fitness facility, business center with fax and photocopy machine, meeting room facility, and an outdoor patio with firepit.   

The Fairfield Inn & Suites by Marriott Montgomery EastChase Parkway is conveniently located within proximity to the area’s demand generators and attractions. Tourism, manufacturing, and logistics are major economic drivers of the area. The Shoppes at EastChase are approximately one mile away and have over 85 retail stores, including but not limited to nationally known names such as Dillard’s, Target, and H&M. In addition to the shopping, the EastChase development is home to hotels, businesses, and popular restaurants such as Chick-fil-A, Chipotle, Starbucks, and more. Downtown Montgomery, approximately 12 miles from the property, is home to the Alabama State Capitol, the Rosa Parks Museum, the Freedom Riders Museum, the Civil Rights Memorial Center, the Hank Williams Museum, and more. Also located downtown is Alabama State University, a historically black college founded in 1897 that now has an enrollment of almost 4,000 undergraduate and graduate students. In addition to ASU, Auburn University, the state’s second largest university is les than an hour from the hotel and has a student body of 33,000 undergraduate and graduate students. Auburn is also known for their football and basketball teams. The Jordan-Hare football stadium has a capacity of 87,451. Auburn has a location in Montgomery as well. Auburn University at Montgomery is just three miles from the subject property with a student body of approximately 3,800. Maxwell Airforce Base is less than 15 minutes from the Fairfield Inn and is home to 12,500 active duty, reserve, civilian, and contractor personnel. The Airforce base is the largest driver in the market, drawing in many individuals who are visiting, training and teaching at the base.

Investment Highlights

  • Fee simple interest in the 105-unit Fairfield Inn & Suites by Marriott Montgomery EastChase Parkway located in Montgomery, Alabama
  • Conveniently located right off the highly trafficked Interstate-85, approximately 12 miles from the intersection of Interstate-65 & Interstate-85
  • The Shoppes at EastChase (1.6 mi) | Premier shopping center in South Central Alabama with more than 85 stores
  • Higher Education Institutes | Auburn University at Montgomery (3 mi), Faulkner University (5.6 mi), Alabama State University (10.8)
  • Demand Generators | Alabama State Capitol (11.3 mi) | Montgomery Industrial Park (2.8 mi)
  • Visitor Attractions | Rosa Parks Museum (11.5 mi) | Riverwalk Stadium (11.8 mi) | Lagoon Park (7 mi) | Robert Trent Jones Golf Trail (21.7 mi)
  • Montgomery Regional Airport (19 mi) | Offers nonstop flights from Delta & American Airlines to major hubs and popular destinations
  • Maxwell Air Force Base, 13.8 miles away, is the largest demand driver in the area, attracting visitors, educators, and contract workers to the area

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Hotel-Motel

Fairfield Inn & Suites by Marriott Montgomery EastChase Parkway

Listing Price: $12,750,000

Cap Rate
9.46%
Number of Rooms
105
RevPAR
$89
Gross SF
58,052
Price/Room
$121,429
RRM
3.70
Price/Gross SF
$219.63
Year Built
2010

Investment Highlights

  • Fee simple interest in the 105-unit Fairfield Inn & Suites by Marriott Montgomery EastChase Parkway located in Montgomery, Alabama
  • Conveniently located right off the highly trafficked Interstate-85, approximately 12 miles from the intersection of Interstate-65 & Interstate-85
  • The Shoppes at EastChase (1.6 mi) | Premier shopping center in South Central Alabama with more than 85 stores
  • Higher Education Institutes | Auburn University at Montgomery (3 mi), Faulkner University (5.6 mi), Alabama State University (10.8)
  • Demand Generators | Alabama State Capitol (11.3 mi) | Montgomery Industrial Park (2.8 mi)
  • Visitor Attractions | Rosa Parks Museum (11.5 mi) | Riverwalk Stadium (11.8 mi) | Lagoon Park (7 mi) | Robert Trent Jones Golf Trail (21.7 mi)
  • Montgomery Regional Airport (19 mi) | Offers nonstop flights from Delta & American Airlines to major hubs and popular destinations
  • Maxwell Air Force Base, 13.8 miles away, is the largest demand driver in the area, attracting visitors, educators, and contract workers to the area

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 105-unit, Fairfield Inn & Suites by Marriott Montgomery EastChase Parkway, located in Montgomery, Alabama. The subject property is in the bustling, multiuse development of EastChase, a premier location for retail, hospitality, residential, and office space. It is conveniently located off Interstate-85, just under 13 miles from the intersection of Interstate-65 and Interstate-85 and features three stories of well-maintained guest rooms. Each room is equipped with free Wi-Fi, a flat screen TV with streaming capabilities, microwave, refrigerator, desk with chair, and complimentary toiletries. Select rooms feature additional seating room. Guests can enjoy a daily complimentary hot breakfast, free on-site parking with available charging stations, fitness facility, business center with fax and photocopy machine, meeting room facility, and an outdoor patio with firepit.    The Fairfield Inn & Suites by Marriott Montgomery EastChase Parkway is conveniently located within proximity to the area’s demand generators and attractions. Tourism, manufacturing, and logistics are major economic drivers of the area. The Shoppes at EastChase are approximately one mile away and have over 85 retail stores, including but not limited to nationally known names such as Dillard’s, Target, and H&M. In addition to the shopping, the EastChase development is home to hotels, businesses, and popular restaurants such as Chick-fil-A, Chipotle, Starbucks, and more. Downtown Montgomery, approximately 12 miles from the property, is home to the Alabama State Capitol, the Rosa Parks Museum, the Freedom Riders Museum, the Civil Rights Memorial Center, the Hank Williams Museum, and more. Also located downtown is Alabama State University, a historically black college founded in 1897 that now has an enrollment of almost 4,000 undergraduate and graduate students. In addition to ASU, Auburn University, the state’s second largest university is les than an hour from the hotel and has a student body of 33,000 undergraduate and graduate students. Auburn is also known for their football and basketball teams. The Jordan-Hare football stadium has a capacity of 87,451. Auburn has a location in Montgomery as well. Auburn University at Montgomery is just three miles from the subject property with a student body of approximately 3,800. Maxwell Airforce Base is less than 15 minutes from the Fairfield Inn and is home to 12,500 active duty, reserve, civilian, and contractor personnel. The Airforce base is the largest driver in the market, drawing in many individuals who are visiting, training and teaching at the base.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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