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SureStay by Best Western Jasper 200 The Mall Way 60 Room Hotel Jasper, AL 35504 $5,025,312 CAD ($83,755 CAD/Room)
INVESTMENT HIGHLIGHTS
- The property has been extensively renovated between 2021 and 2024, with minimal Property Improvement Plan (PIP) costs for the new owner.
- The property is ideally suited for an owner-operator acquisition, with opportunities to increase RevPAR through hands-on management.
- Popular area for outdoor sporting activities such as fishing, boating, and watersports at the nearby Lewis Smith Lake.
- A +/- 7,000 sq. ft. space on the third floor is currently being used for storage, offering potential for conversion into a manager’s suite.
- Jasper, Alabama, is home to a large agriculture market, including coal, timber, and poultry processing industries.
EXECUTIVE SUMMARY
Cushman & Wakefield’s Hotel Group has been retained as the sole and exclusive advisors to market for sale the fee simple interest in the 60-Room SureStay by Best Western in Jasper, Alabama – which is located approximately ~ 40 miles from Birmingham, AL, ~ 55 Miles from Tuscaloosa, AL, and ~ 92 miles from Huntsville, AL .
The 60-room SureStay by Best Western, located at 200 The Mall Way in Jasper, Alabama, is being offered for sale with a pricing guidance of $3,600,000. The property, which includes 59 rentable rooms and one converted to laundry/vending, has undergone extensive renovations between 2021 and 2024, leaving minimal Property Improvement Plan (PIP) costs for the new owner. The hotel also features a +/- 7,000 sq. ft. space on the third floor, currently used for storage, that could be converted into a manager’s suite. Located off Interstate-22, the property is ideally positioned for an owner-operator acquisition, with the potential to increase RevPAR through hands-on management. The area is supported by a strong agriculture market, including coal, timber, and poultry processing, as well as a popular outdoor sporting market centered around fishing, boating, and watersports at nearby Lewis Smith Lake.
Please contact Jesse Lastofsky with Cushman & Wakefield for more details at 561.699.1513 or email Jesse.Lastofsky@cushwake.com
The 60-room SureStay by Best Western, located at 200 The Mall Way in Jasper, Alabama, is being offered for sale with a pricing guidance of $3,600,000. The property, which includes 59 rentable rooms and one converted to laundry/vending, has undergone extensive renovations between 2021 and 2024, leaving minimal Property Improvement Plan (PIP) costs for the new owner. The hotel also features a +/- 7,000 sq. ft. space on the third floor, currently used for storage, that could be converted into a manager’s suite. Located off Interstate-22, the property is ideally positioned for an owner-operator acquisition, with the potential to increase RevPAR through hands-on management. The area is supported by a strong agriculture market, including coal, timber, and poultry processing, as well as a popular outdoor sporting market centered around fishing, boating, and watersports at nearby Lewis Smith Lake.
Please contact Jesse Lastofsky with Cushman & Wakefield for more details at 561.699.1513 or email Jesse.Lastofsky@cushwake.com
PROPERTY FACTS
| Price | $5,025,312 CAD | Building Size | 29,029 SF |
| Price Per Room | $83,755 CAD | No. Rooms | 60 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1988/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.96/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.49 AC | ||
| Zoning | OT | ||
| Price | $5,025,312 CAD |
| Price Per Room | $83,755 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.49 AC |
| Building Size | 29,029 SF |
| No. Rooms | 60 |
| No. Stories | 3 |
| Year Built/Renovated | 1988/2024 |
| Parking Ratio | 2.96/1,000 SF |
| Corridor | Exterior |
| Zoning | OT |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 60 | $110.28 CAD | - |
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PROPERTY TAXES
| Parcel Number | 17-02-04-4-000-001-0070 | Improvements Assessment | $492,129 CAD |
| Land Assessment | $64,172 CAD | Total Assessment | $556,301 CAD |
PROPERTY TAXES
Parcel Number
17-02-04-4-000-001-0070
Land Assessment
$64,172 CAD
Improvements Assessment
$492,129 CAD
Total Assessment
$556,301 CAD
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SureStay by Best Western Jasper | 200 The Mall Way
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