Investment Overview

Marcus & Millichap has been exclusively retained to market for sale the fee simple interest in the Fairfield Inn Dothan located in Dothan, Alabama with high visibility off US Route 231 which runs North/South from Indiana to Panama City, Florida with an average daily traffic rate of 43,807. The three-story property features 62 well-appointed guest rooms. Guests can take advantage of amenities such as the indoor, saltwater swimming pool, on-site convenience store, outdoor patio with seating area and grill, and complimentary hot breakfast. The Fairfield Inn Dothan allows a new owner to utilize the Marriott name, reservation system, and loyal guest base.    Dothan, Alabama is situated in southern Alabama amongst the Tri-State area, with Florida just 15 miles away and Georgia just 20 miles away. The city is the eighth largest in the state by population attracting people with its affordable housing market, low property taxes, and the amenities and services of a big city while maintaining a small-town feel. The subject property is ideally situated with proximity to local restaurants and retail found in the downtown area. Just one mile from the subject property is Westgate Park, home to regional baseball, softball, and tennis tournaments. The Forum, a newly constructed, 17,000 sf event space, is just over 2 miles from the subject property suited for corporate events, weddings, banquets, and more. Dothan is known as the peanut Capital of the World as it produces more than a quarter of the U.S. peanut crop. The National Peanut Festival Association constructed a 200-acre multi-use fairground, located just 7 miles away, to host events year-round including the annual National Peanut Festival that attracts thousands of visitors. Dothan is historically known for its aviation sector with Fort Novosel, the U.S. Army Aviation headquarters, just 21 miles away (formerly Fort Rucker) and Enterprise-Ozark Community College known for its avionics and aviation mechanic training. In recent years, the industrial & distribution industries have become large economic drivers given Dothan’s ideal location in the heart of the growing Southeast market. FedEx Ground is building a $57 million dollar distribution facility located at Sam Houston Industrial Park proving the attraction of the location thus setting a trend for other businesses. Southeast Health, a 420-bed hospital with a medical staff of approximately 350 physicians representing virtually every medical specialty is less than 5 miles from the subject property. Dothan Regional Airport offers nonstop service to and from Atlanta provided by Delta Connection Jets.