Hotel-Motel

Best Western

5225 Carmichael Rd, Montgomery, AL 36106

Listing Price: $6,300,000

Cap Rate
11.10%
Number of Rooms
97
Gross SF
91,476
Price/Room
$64,948
Price/Gross SF
$68.87
Year Built
1985

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 97 room Best Western located in Montgomery, Alabama. The Best Western is a 1985-build, 3-story property located near Interstate 85, with an extensive renovation recently completed in 2019. Best Western Montgomery I-85 North provides the opportunity for a new owner to acquire a 97 room hotel that has recently undergone an extensive renovation and a proven track record of efficiency.

Investment Highlights

  • Extensive renovation recently completed
  • The property is vastly outperforming the competitive set in RevPAR
  • Likelihood of SBA 7A financing, the most reliable market debt currently available

Exclusively Listed By

  • Robert S. Hunter

    First Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL 3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Listing Price: $6,300,000

Cap Rate
11.10%
Number of Rooms
97
Gross SF
91,476
Price/Room
$64,948
Price/Gross SF
$68.87
Year Built
1985

Investment Highlights

  • Extensive renovation recently completed
  • The property is vastly outperforming the competitive set in RevPAR
  • Likelihood of SBA 7A financing, the most reliable market debt currently available

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 97 room Best Western located in Montgomery, Alabama. The Best Western is a 1985-build, 3-story property located near Interstate 85, with an extensive renovation recently completed in 2019. Best Western Montgomery I-85 North provides the opportunity for a new owner to acquire a 97 room hotel that has recently undergone an extensive renovation and a proven track record of efficiency.

Exclusively Listed By

  • Robert S. Hunter

    First Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL 3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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