Sunrise Extended Stay Hotel - Montgomery 5601 Carmichael Rd

98 Room Hotel Montgomery, AL 36117 $2,900,000 ($29,592/Room)

INVESTMENT HIGHLIGHTS

  • Two Manager's Apartment, one with Full Size Kitchen Bedroom, Dining, and Living Room
  • Located right off the Interstate I-85. Just 7 miles from Downtown Montgomery.
  • Great Property for Multifamily Apartment Conversion Opportunity
  • Kitchenette Rooms Available
  • Close proximity to all demand generators. Bank Financing Available.
  • Quick Zoning Approval Change can be anticipated from the City

EXECUTIVE SUMMARY

Sunrise Extended Stay Hotel is located right off Interstate I-85 in the city center and near the airport. The hotel is just 7 miles from Downtown Montgomery and 6 miles from Alabama State University. The hotel is perfectly situated for exploring Montgomery City Center, just within 2 miles from the hotel is Wynton Blount Cultural Park, Carolyn Blount Theatre, and Alabama Shakespeare Festival. Educational venues in the area include the private Christian Faulkner University (2.1 miles) and Auburn University at Montgomery (2 miles). There is Montgomery Museum of Fine Arts 0.7 miles away from this hotel.
Conveniently situated in the Young Place part of Montgomery, Alabama, this property is close to attractions and interesting dining options such as Montgomery Museum of Fine Arts (1.2 miles) and Alabama Shakespeare Festival (1.5 miles) are cultural highlights, and some of the area's activities can be experienced at Capitol Hill Golf Course and RTJ Golf Trail (17 miles) at Capitol Hill. Civil Rights Memorial is 6.3 miles from the hotel, while Dexter Avenue Baptist Church is 6.4 miles from the property. The nearest airport is Montgomery Regional Airport, 14.4 miles from the hotel.
Location Highlights:
Sunrise Extended Stay Hotel, an exceptional investment prospect strategically situated at 5601 Carmichael Rd in the thriving city of Montgomery, Alabama. Impeccably positioned, this establishment offers an array of distinguished location highlights that underscore its credentials as a compelling investment venture in the competitive hospitality landscape.
The Sunrise Extended Stay Hotel benefits from a prominent presence on Carmichael Rd, a pivotal artery that ensures unparalleled accessibility. Its strategic location in close proximity to major thoroughfares, including routes connecting to Montgomery Regional Airport, downtown Montgomery, and pivotal business corridors. The hotel's proximity to prominent business hubs and corporate centers facilitates an enduring demand for extended stay accommodations from the business travellers.
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

PROPERTY FACTS

Price $2,900,000
Price Per Room $29,592
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.40 AC
Building Size 44,815 SF
No. Rooms 98
No. Stories 3
Year Built/Renovated 1988/2011
Tenancy Single
Parking Ratio 3.06/1,000 SF
Corridor Interior

AMENITIES

  • Business Center
  • High Speed Internet Access
  • Public Access Wifi
  • Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 8 $100.00 -
Guest Room 90 $54.00 -

PROPERTY TAXES

ZONING

Zoning Code B-3 (General Business)
  • Listing ID: 29369967

  • Date on Market: 8/25/2023

  • Last Updated:

  • Address: 5601 Carmichael Rd, Montgomery, AL 36117