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Clarion Pointe Huntsville Research Park 4815 University Dr NW

154 Room Hotel Huntsville, AL 35816 $9,700,000 ($62,987/Room) 7.53% Cap Rate

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Investment Highlights

MULTIPLE DEMAND DRIVERS – Hotel is located on University Drive close to major attractions such as the U.S Space & Rocket Center, Redstone Arsenal.
AMENITIES – The hotel offers interior and exterior corridor rooms and includes a complimentary breakfast, fitness center, business center.
POTENTIAL FOR REVENUE GROWTH – Current owner operates at 70% of the comp set RGI RevPAR.

PROVEN REVENUE – Hotel has averaged $2.96 million in revenue over the past three years
GROWING MARKET – Huntsville has experienced a 20% population growth from 2010-2020 and its GDP has increased ±4.5% annually in recent years.

Executive Summary

***Offer Deadline: December 6th, 2024*** Contact Broker to submit offers or arrange a tour.
Mitchell Glasson and Luke Whittaker of Matthews Real Estate Investment Services are pleased to present an exceptional opportunity to acquire the Clarion Pointe featuring 154 keys (Interior and Exterior corridor) with proven real estate fundamentals in Research Park. The hotel has proven revenue, bringing in an average of $2,960,000 over the past three years. Located on University Dr which sees 55,000+ vehicles per day and just two (2) minutes away from the University of Huntsville in Alabama – this hotel is in a prime location. Multiple Fortune 500 companies within the aerospace and technology sectors reside in the Research Park including Boeing, Northrop Grumman, and Lockheed Martin.
CORPORATIONS
-NASA: Home to the Marshall Space Flight Center
-Redstone Arsenal: A major military installation that houses several defense contractors
-Northrop Grumman: Focused on aerospace and defense technologies
-Raytheon Technologies: Focused on aerospace and defense technologies
-Lockheed Martin: Involved in missile defense and aerospace systems
TOURISM & LEISURE | KEY ATTRACTIONS AND EVENTS
-US Space & Rocket Center: A must-visit for anyone interested in space exploration, featuring exhibits on NASA’s history, rockets, and space travel, along with an IMAX theater
-Huntsville Botanic Garden: A beautiful, expansive garden with walking trails, themed gardens, and seasonal events perfect for a leisurely stroll or family outing.
-Monte Sano State Park: Offers hiking, biking, and camping opportunities with stunning views and diverse trails, ideal for outdoor enthusiasts
-Huntsville Museum of Art: Showcases regional and national art, hosting various exhibits and educational programs
-Burritt on the Mountain: A historic park featuring a mansion, gardens, and nature trails as well as cultural events and festivals
-Bridge Street Town Center: Outdoor shopping and dining area with a range of shops, restaurants, and entertainment options
HIGHER EDUCATION
-University of Alabama in Huntsville: A public university known for its engineering, science, and business degrees located just two minutes from the hotel
-Alabama A&M University: A historically black university known for its emphasis on agriculture, engineering, and education
-Calhoun Community College: Provides associate degrees, technical programs, and workforce development training
-Oakwood University: A private, Seventh-Day Adventist institution that offers programs with a focus on liberal arts and sciences

Broker of Record
Kyle Matthews
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Offering Memorandum

Property Facts

Price	$9,700,000	Building Size	79,796 SF
Price Per Room	$62,987	No. Rooms	154
Sale Type	Investment	No. Stories	3
Cap Rate	7.53%	Year Built	1986
Property Type	Hospitality	Parking Ratio	1.44/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	2.46 AC

Price	$9,700,000
Price Per Room	$62,987
Sale Type	Investment
Cap Rate	7.53%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	2.46 AC
Building Size	79,796 SF
No. Rooms	154
No. Stories	3
Year Built	1986
Parking Ratio	1.44/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.