5 story, 146 room hotel in Birmingham, Alabama by Birmingham-Shuttlesworth International Airport, being offered for sale. The property is in an Opportunity Zone, currently zoned hospitality and multi family studios. Totally gutted property and currently in the final stages of a complete renovation. Will be assigned to new owner in turnkey condition. New owner will be able to sign up for a brand of their choice. Previously a Budgetel Inn & Suites, perfect for extended stay concept or apartment studios. All rooms are being equipped with complete up scale kitchenettes, breakfast bar, new furniture, new mattresses, LVP flooring, etc. The property has 2 elevators, a seasonal outdoor pool and an additional building with large lobby, two restrooms and manager office. A large meeting / ballroom could be converted into a restaurant. The property sits on 2.7+ acres with large parking lot plus additional parking for airport guests. Birmingham was in 2022 ranked among the fastest growing cities in the nation for job growth. Exciting opportunity for new owner.
AMENITIES
- Pool
- High Speed Internet Access
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|
| Suite | 6 | $131.00 | - |
| Guest Room | 140 | $67.00 |
PROPERTY TAXES
| Parcel Number | 23-00-21-2-016-007.000 | Improvements Assessment | $1,676,000 |
| Land Assessment | $595,700 | Total Assessment | $2,271,700 |
Charlotte Jones
+1 239-821-3178
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