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Hotel-Motel

Spark by Hilton Birmingham Colonnade

4300 Colonnade Pkwy, Birmingham, AL 35243

Listing Price: $12,000,000

Cap Rate
5.52%
Number of Rooms
122
RevPAR
$58
Price/Room
$98,361
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to offer a fee simple interest in the 122-unit Spark by Hilton located in Birmingham, Alabama expected to open in Q1 of 2025. The subject property is offered with minimal PIP for a new investor and is ideally located off U.S. Highway-280 with proximity to all the area's demand generators including the The Summit, the University of Alabama at Birmingham, and more.

Investment Highlights

  • Fee simple interest in the 122-unit Spark by Hilton located in Birmingham, Alabama
  • Minimal PIP for new investor, subject property will open as a Spark by Hilton in Q1 2025
  • High visibility off the heavily trafficked U.S. Hwy 280 with proximity to all Birmingham's key demand drivers

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Hotel-Motel

Spark by Hilton Birmingham Colonnade

Listing Price: $12,000,000

Cap Rate
5.52%
Number of Rooms
122
RevPAR
$58
Price/Room
$98,361
Year Built
1997

Investment Highlights

  • Fee simple interest in the 122-unit Spark by Hilton located in Birmingham, Alabama
  • Minimal PIP for new investor, subject property will open as a Spark by Hilton in Q1 2025
  • High visibility off the heavily trafficked U.S. Hwy 280 with proximity to all Birmingham's key demand drivers

Investment Overview

Marcus & Millichap is pleased to offer a fee simple interest in the 122-unit Spark by Hilton located in Birmingham, Alabama expected to open in Q1 of 2025. The subject property is offered with minimal PIP for a new investor and is ideally located off U.S. Highway-280 with proximity to all the area's demand generators including the The Summit, the University of Alabama at Birmingham, and more.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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