Microtel Inn & Suites by Wyndham Tuscaloosa | 1417 Veterans Memorial Pky
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Microtel Inn & Suites by Wyndham Tuscaloosa 1417 Veterans Memorial Pky
59 Room Hotel Tuscaloosa, AL 35404 $5,049,413 ($85,583/Room)
Investment Highlights
- Offering includes established interior hotel & operations of a 59-key Microtel Inn & Suites located in Tuscaloosa, AL.
- Minutes from high traffic retail and demand drivers such as the University of Alabama, DCH Regional Medical Center, and Mercedes Benz Amphitheatre.
- Asset is currently undergoing significant interior/exterior renovations which will be delivered with work completed.
- Fee - simple real estate and building is unencumbered of debt or management contracts.
- The property benefits from significant daily traffic counts equating to ~108,247 vehicles per day (VPH).
- Property is indexing at 88% of competitive set's ADR and RevPar presenting a value-add opportunity to enhance property performance.
Executive Summary
Connolly Investments, as sole and exclusive representative of the Seller, is pleased to present for sale the Microtel Inn & Suites located at 1417 Veterans Memorial Parkway in Tuscaloosa, AL. This offering features a recently renovated 59-key hotel with fee-simple real estate, free of debt or management contracts. The property is fully operational with an established franchise term and is strategically positioned in a high-traffic area near key demand generators such as the University of Alabama campus, Bryant-Denny Stadium, and the main retail corridor of town.
With an interior and exterior property renovation nearing completion, this opportunity allows a new buyer to acquire the property with minimal additional capital expenditure requirements, while offering the potential to increase revenue to market comparable levels. The hotel benefits from its proximity to major attractions and institutions, including the University of Alabama, ensuring a steady flow of business and leisure guests.
With its prime location and recent renovations, the Microtel Inn & Suites in Tuscaloosa presents an attractive investment opportunity in a vibrant market.
Please note that all site visits and tours must be pre-scheduled and approved to avoid disruption to employees and customers.
*updated photos to be provided upon completion of renovation
In association with Scott Reid & ParaSell, Inc., a licensed Alabama Broker #000127148-0.
With an interior and exterior property renovation nearing completion, this opportunity allows a new buyer to acquire the property with minimal additional capital expenditure requirements, while offering the potential to increase revenue to market comparable levels. The hotel benefits from its proximity to major attractions and institutions, including the University of Alabama, ensuring a steady flow of business and leisure guests.
With its prime location and recent renovations, the Microtel Inn & Suites in Tuscaloosa presents an attractive investment opportunity in a vibrant market.
Please note that all site visits and tours must be pre-scheduled and approved to avoid disruption to employees and customers.
*updated photos to be provided upon completion of renovation
In association with Scott Reid & ParaSell, Inc., a licensed Alabama Broker #000127148-0.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts Under Contract
| Price | $5,049,413 | No. Rooms | 59 |
| Price Per Room | $85,583 | No. Stories | 4 |
| Sale Type | Investment | Year Built/Renovated | 2008/2012 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.04/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.00 AC | Opportunity Zone |
Yes
|
| Building Size | 23,968 SF |
| Price | $5,049,413 |
| Price Per Room | $85,583 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 23,968 SF |
| No. Rooms | 59 |
| No. Stories | 4 |
| Year Built/Renovated | 2008/2012 |
| Tenancy | Single |
| Parking Ratio | 1.04/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 16 | $124.00 | - |
| Guest Room | 43 | $109.00 | - |
PROPERTY TAXES
| Parcel Number | 30-09-30-1-004-009.000 | Improvements Assessment | $517,140 |
| Land Assessment | $24,900 | Total Assessment | $542,040 |
PROPERTY TAXES
Parcel Number
30-09-30-1-004-009.000
Land Assessment
$24,900
Improvements Assessment
$517,140
Total Assessment
$542,040
zoning
| Zoning Code | BH (Business highway) |
| BH (Business highway) |
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Microtel Inn & Suites by Wyndham Tuscaloosa | 1417 Veterans Memorial Pky
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