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Holiday Inn Express - Birmingham-Pelham, AL     $4,650,000  
•   Located in One of the Southeast's Largest Cities.
•   Room Count is Perfect for Owner Operator.
•   Located on Interstate 65 Less than 12 Miles South of Downtown Birmingham.
•   Hotel Neighbors Oak Mountain Amphitheatre and is Within Walking Distance of this Major Music Concert Facility.
•   Great Upside Opportunity with for an Owner Operator to Manage this Currently Absentee Operated Hotel.
 
Location/Market
260 Cahaba Valley Road
Birmingham-Pelham, AL 35124
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Adjacent to the Verizon Wireless Music Center (former Oak Mountain Amphitheatre).
Visible From Interstate 65.
Less than 1.5 Miles from Downtown Pelham.
Convenient to multiple educational institutes in the region including Samford University & Birmingham Southern University (12 miles), Montevallo University (15 miles), and University of Alabama Birmingham (15 miles).
Within walking distance of Applebee’s Restaurant, Hooters, Cracker Barrel and numerous other local dining establishments.
Close to Regional Demand Generators, Including…
• 2.0 Miles to Oak Mountain State Park
• 3.0 Miles to Riverchase Galleria Shopping Mall
• 10 miles to Legion Field
• 12.0 Miles to Downtown Birmingham
• 19.0 Miles to the Birmingham International Airport
 
Physical Plant
81 Rooms EIFS Facade
Breakfast Room Pitched Metal Roof
Meeting Space (Seats 100) Asphalt Parking Lot - 111 Spaces
Indoor Heated Pool Built 1996
3 Stories
Interior Corridor
Wood Frame Construction
 
Financials
2007
2008
2009
T-12 Mos. thru 7/10
Occupancy
71.4%
67.6%
54.4%
49.8%
Average Daily Rate
$100.80
$101.76
$86.68
$81.75
Room Revenue
$2,192,275
$2,0033,094
$1,392,831
$1,203,868
Net Operating Income
$703,805
$650,193
$274,404
N/A
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
  

This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!

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