Wyndham Hotel Research Park Huntsville AL 4870 University Dr NW 130 Pièce Hôtel Huntsville, AL 35816 11 996 691 $ CAD (92 282 $ CAD/Pièce) 11,31% Taux de capitalisation

Connolly Investments, as exclusive representatives of the ownership, are pleased to present to market a Wyndham Flagged Hotel & NNN Restaurant located off of University Drive in Huntsville, AL. The Hotel and Restaurant are available for purchase individually or as a portfolio due to their proximity in location to each other. The Hotel sits on 2.61 AC and the offering includes the operations, building and real estate. The Restaurant offering includes a 3,769 SF building and land consisting of a 0.84 AC lot located directly in front of the Hotel. The restaurant is currently leased on a 5-Year NNN basis to Veda Indian Cuisine (former Denny’s) paying $90,000 in annual NOI Rent in 2026.
The Hotel asset has historically and currently operates as a La Quinta Inn by Wyndham and ownership just completed a full interior and exterior PIP renovation, equating to around $3m in capital expenditures from September 2022 to October 2024. Due to the exterior corridor construction, Wyndham has indicated they will only allow a new owner a 1-year term with the La Quinta flag, but desires to keep the Flag under the Wyndham brand and is willing to grant a new franchise term for Baymont, which is not currently operating in this immediate market. Since the recent renovations of the asset far surpass the requirements for a Baymont flag, there will be very limited change of ownership requirements and is expected to only require a signage change (to be negotiated with Wyndham). We believe the upper midscale renovations will allow the property to have a significant competitive advantage over other midscale hotels in this corridor, allowing for a high ADR & RevPar floor.
This offering is an incredible opportunity to acquire a turn-key Hotel in a very attractive and growing market in the Southeast. The addition of the NNN restaurant provides additional passive NOI to the acquisition and allows for the availability of operating your own restaurant concept upon Lease expiration. With the renovations completed and stabilization expected to occur this year, a prospective purchaser benefits from stepping into a high performing asset with strong cash flow and financial metrics.
All property tours must be scheduled through the listing agents. Unscheduled visits are strictly prohibited.
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