Connolly Investments, as sole and exclusive representative of the Seller, is pleased to present for sale the Microtel Inn & Suites located at 1417 Veterans Memorial Parkway in Tuscaloosa, AL. This offering features a recently renovated 59-key hotel with fee-simple real estate, free of debt or management contracts. The property is fully operational with an established franchise term and is strategically positioned in a high-traffic area near key demand generators such as the University of Alabama campus, Bryant-Denny Stadium, and the main retail corridor of town.
With an interior and exterior property renovation nearing completion, this opportunity allows a new buyer to acquire the property with minimal additional capital expenditure requirements, while offering the potential to increase revenue to market comparable levels. The hotel benefits from its proximity to major attractions and institutions, including the University of Alabama, ensuring a steady flow of business and leisure guests.
With its prime location and recent renovations, the Microtel Inn & Suites in Tuscaloosa presents an attractive investment opportunity in a vibrant market.
Please note that all site visits and tours must be pre-scheduled and approved to avoid disruption to employees and customers.
*updated photos to be provided upon completion of renovation
In association with Scott Reid & ParaSell, Inc., a licensed Alabama Broker #000127148-0.
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|
| Suite | 16 | $124.00 | - |
| Guest Room | 43 | $109.00 |
PROPERTY TAXES
| Parcel Number | 30-09-30-1-004-009.000 | Improvements Assessment | $2,585,700 |
| Land Assessment | $124,500 | Total Assessment | $2,710,200 |
Katherine Dockery
+1 334-313-6014
Wesley Connolly
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