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Hotel-Motel

Sleep Inn & Suites Birmingham

4400 Colonnade Pkwy, Birmingham, AL 35243

Listing Price: $4,250,000

Cap Rate
1.00%
Number of Rooms
61
RevPAR
$28
Price/Room
$69,672
RRM
164.06
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to offer the fee simple interest in the 61-key, two-story interior corridor Sleep Inn located in Birmingham Alabama. This well-appointed hotel was constructed in 1998 and has updated renovations offering a modern, yet comfortable atmosphere. Subject property offers premium amenities like a complimentary Grab & Go breakfast, free WiFi, outdoor picnic area, guest laundry facilities, a library, and free parking. Each unit offers a flat screen TV, desk with ergonomic chair, iron & ironing board, microwave, minifridge, and coffee marker. Select rooms and suites offer extra living area space with sofa and mini bar. The property is conveniently located near the central business district and close to restaurants, shopping and leisure activities. The University of Alabama - Birmingham is located less than 8 miles from the hotel and has a student population of over 20,000 people. Leisure activities in the area include the Birmingham Zoo, Birmingham Botanical Gardens, and Riverchase Galleria, all located within 15 minutes of the hotel. The Birmingham-Shuttlesworth International Airport is located less than 9 miles from the hotel which makes it very accessible to travelers. The Sleep Inn is situated off Interstate- 495 which has a high traffic rate of over 96,000 cars daily.

Investment Highlights

  • Fee simple interest in the 61-key, 2-story interior corridor hotel located in Birmingham, Alabama
  • Located off Interstate-459 with high traffic counts of 96,500 cars daily
  • Less than 8 miles from University of Alabama Birmingham with an enrollment of over 20,000

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Hotel-Motel

Sleep Inn & Suites Birmingham

Listing Price: $4,250,000

Cap Rate
1.00%
Number of Rooms
61
RevPAR
$28
Price/Room
$69,672
RRM
164.06
Year Built
1997

Investment Highlights

  • Fee simple interest in the 61-key, 2-story interior corridor hotel located in Birmingham, Alabama
  • Located off Interstate-459 with high traffic counts of 96,500 cars daily
  • Less than 8 miles from University of Alabama Birmingham with an enrollment of over 20,000

Investment Overview

Marcus & Millichap is pleased to offer the fee simple interest in the 61-key, two-story interior corridor Sleep Inn located in Birmingham Alabama. This well-appointed hotel was constructed in 1998 and has updated renovations offering a modern, yet comfortable atmosphere. Subject property offers premium amenities like a complimentary Grab & Go breakfast, free WiFi, outdoor picnic area, guest laundry facilities, a library, and free parking. Each unit offers a flat screen TV, desk with ergonomic chair, iron & ironing board, microwave, minifridge, and coffee marker. Select rooms and suites offer extra living area space with sofa and mini bar. The property is conveniently located near the central business district and close to restaurants, shopping and leisure activities. The University of Alabama - Birmingham is located less than 8 miles from the hotel and has a student population of over 20,000 people. Leisure activities in the area include the Birmingham Zoo, Birmingham Botanical Gardens, and Riverchase Galleria, all located within 15 minutes of the hotel. The Birmingham-Shuttlesworth International Airport is located less than 9 miles from the hotel which makes it very accessible to travelers. The Sleep Inn is situated off Interstate- 495 which has a high traffic rate of over 96,000 cars daily.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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