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Economy Hotel - Montgomery 1288 W South Blvd 51 Room Hotel Montgomery, AL 36105 $2,430,662 CAD ($47,660 CAD/Room)
INVESTMENT HIGHLIGHTS
- Free and Clear of Management & Debt
- Consistent In-Place Cash Flow
- Attractive Price Below Replacement Cost
- Repositioning and Upside Potential
EXECUTIVE SUMMARY
Avison Young Hospitality Group, as the exclusive representative of the Seller, is pleased to present the opportunity to acquire the 51-room Economy Hotel in Montgomery, Alabama. The property is being offered free and clear of management and debt, allowing investors to take immediate ownership of a stabilized, cash-flowing asset.
Strategically located near major demand drivers—including downtown Montgomery, Maxwell Air Force Base, Hyundai Motor Manufacturing, and local universities—the hotel benefits from a diverse and consistent base of transient and extended-stay demand. The property’s visibility and access to key highways further enhance its operating potential.
As construction and labor costs continue to rise, new hotel development faces significant headwinds. This asset offers a substantial discount to replacement cost, giving investors the ability to secure immediate value. Additionally, the hotel presents repositioning potential, whether through operational improvements, renovation, or rebranding, offering upside for both yield-focused and value-add buyers.
Strategically located near major demand drivers—including downtown Montgomery, Maxwell Air Force Base, Hyundai Motor Manufacturing, and local universities—the hotel benefits from a diverse and consistent base of transient and extended-stay demand. The property’s visibility and access to key highways further enhance its operating potential.
As construction and labor costs continue to rise, new hotel development faces significant headwinds. This asset offers a substantial discount to replacement cost, giving investors the ability to secure immediate value. Additionally, the hotel presents repositioning potential, whether through operational improvements, renovation, or rebranding, offering upside for both yield-focused and value-add buyers.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 51 | $69.45 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 11-08-27-4-020-005.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $45,502 CAD | Total Assessment | $45,502 CAD |
PROPERTY TAXES
Parcel Number
11-08-27-4-020-005.000
Land Assessment
$45,502 CAD
Improvements Assessment
$0 CAD
Total Assessment
$45,502 CAD
CONTACTS
-
Mihir Chokshi -
Matt Wilkins -
Jeremy Cabe -
Keith Thompson -
Avison Young Hotel Group
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Economy Hotel - Montgomery | 1288 W South Blvd
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