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Hotel-Motel

Holiday Inn Montgomery

96 Folmar Pkwy, Montgomery, AL 36105

Listing Price: $7,750,000

Cap Rate
8.52%
Number of Rooms
90
RevPAR
$79
Gross SF
124,146
Price/Room
$86,111
Price/Gross SF
$62.43
Year Built
2011

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 90 room Holiday Inn located in Montgomery, Alabama. The Holiday Inn is a 2011-build, four-story property located near Interstate 65, providing ease of access for commerce and tourism. Holiday Inn Montgomery Airport South provides the opportunity for a new owner to acquire a 90 room hotel built 10 years ago with potential to continue RevPAR growth through a completing the change of ownership PIP and utilization of the IHG name, reservation system, and loyal base of guests.

Investment Highlights

  • Property is Located Just off Interstate 65
  • The Property Significantly Increased Revenue and Improved NOI Over the Last Three Years Prior to COVID-19
  • The Competitive Set RevPAR Has Increased Each of the Last Three Years Prior to COVID-19

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

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $7,750,000

Cap Rate
8.52%
Number of Rooms
90
RevPAR
$79
Gross SF
124,146
Price/Room
$86,111
Price/Gross SF
$62.43
Year Built
2011

Investment Highlights

  • Property is Located Just off Interstate 65
  • The Property Significantly Increased Revenue and Improved NOI Over the Last Three Years Prior to COVID-19
  • The Competitive Set RevPAR Has Increased Each of the Last Three Years Prior to COVID-19

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 90 room Holiday Inn located in Montgomery, Alabama. The Holiday Inn is a 2011-build, four-story property located near Interstate 65, providing ease of access for commerce and tourism. Holiday Inn Montgomery Airport South provides the opportunity for a new owner to acquire a 90 room hotel built 10 years ago with potential to continue RevPAR growth through a completing the change of ownership PIP and utilization of the IHG name, reservation system, and loyal base of guests.

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

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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