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Property Detail

W I-65 Service Rd S, Mobile, AL 36693, USA
The hotel is easily accessible from Interstate 10, a major throughway in the Gulf Coast area.

$Unpriced

Description

INVESTMENT HIGHLIGHTS

  • 78-room, Marriott-branded hotel with immense visibility and easy access to I-65 and I-10 (98,000+ AADT), the surrounding major US highway systems.
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  • New 15-year Franchise Agreement term started in September 2022 and provides ample investment stability and reliability.
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  • Property enjoys the benefit of a superior reservation system and the Marriott Bonvoy rewards program that has over 160 million members.
  • Minimal PIP requirements - the seller has invested $4.38 million in CapEx; The roof was completely redone in 2021.
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  • Hotel has the opportunity to grow revenues and efficiencies, which will be extremely attractive to the investment community.
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  • With a heavily trafficked consumer corridor, surrounded by retailers, including The Home Depot, Waffle House, CarMax, Target, and more.

EXECUTIVE SUMMARY

HREC Investment Advisors (“HREC IA”) has been retained to exclusively market the extensively renovated 78-room Courtyard Mobile located at 1000 West Interstate 65 Service Rd S, Mobile, Alabama, 36609.

Courtyard Mobile offers name recognition due to its Marriott brand affiliation. Courtyard is internationally recognized as a member of Marriott, one of the largest and most respected hotel companies. The property enjoys the benefit of a superior reservation system, and the Marriott Bonvoy rewards program with over 160 million members, the largest membership count among the major hotel companies.

The hotel recently underwent a substantial renovation covering all aspects of a PIP. The seller has invested approximately $4.38 million into the property over the last three years. Due to this, the change of ownership PIP is expected to be minimal to none. These capital investments have revitalized the hotel’s interior and offer an elegantly designed on-site restaurant and bar. The hotel also has two meeting rooms totaling 1,531 square feet of meeting space, with a capacity of 100 people. These meeting spaces feature services that include supplies, A/V equipment, and business services.

The hotel is easily accessible from Interstate 10, a major throughway in the Gulf Coast area. Interstate 10 runs west through Mississippi, New Orleans, and Baton Rouge before hitting Houston, Texas. Interstate 10 continues east through Pensacola and Florida’s Panhandle before hitting the Atlantic coast in Jacksonville. The equidistant nature of Mobile between the pristine beaches of the Gulf and Texas, Louisiana, and Mississippi makes it a natural stopping point for guests traveling between those areas. According to the Alabama Department of Transportation, Interstate Interstate 10, located 4 miles south of the hotel, recorded 98,527 vehicles traveling eastbound each day, or approximately 36 million vehicles traveling eastbound at the intersection south of the hotel each year.

Listed by Monty Levy, HREC Investment Advisors, AL License # 000095320-0
 

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Digital key

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Suite3$159.00-
Guest Room75$124.00

 

ABOUT MOBILE

Mobile is a coastal town in southern Alabama that is famous for having the oldest organized Mardi Gras celebrations in the U.S., documented in the Mobile Carnival Museum within the historic Bernstein-Bush mansion. The unique culinary scene, historic architecture, and family-friendly attractions—such as the Exploreum Science Center and Mobile Museum of Art—make Mobile a popular regional destination.

Visitors love to explore the city’s rich naval history at popular attractions such as the USS Alabama Battleship Memorial and the GulfQuest National Maritime Museum of the Gulf of Mexico. The Port of Mobile, Alabama’s only saltwater and deep-water port, is a key economic driver of the city. It has undergone a significant expansion in recent years and is now the 12th largest port in the U.S.

Additional lodging demand generators include the University of South Alabama, with over 15,000 students; medical centers such as Providence Hospital, Franklin Primary Health Center, Springhill Medical Center; and the Mobile Aeroplex at Brookley, home to over 70 industrial and transportation companies including Airbus, Continental Motors, and ST Aerospace Mobile.

Mobile is easily accessible via interstates 10 and 65, as well as U.S. Route 98, which runs along the Gulf Coast. The Mobile Regional Airport (MOB) provides daily nonstop access to major markets in the South, including Atlanta, Dallas, Houston, and Charlotte.

 

Michael Salloway

+1 256-872-0688

Barry Swanson

+1 404-626-4607 x103

Monty Levy

+1 404-671-9598 x101

Specification

General

  • 44631
  • 1.8000
  • Investment
  • 1994
  • 2022
  • 78

Hospitality

Courtyard Mobile

# 408

SKU: 408

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