Voro Real Estate & Ten-X are pleased to offer for sale the Wingate by Wyndham Montgomery, located adjacent to US Highway 231 and near Interstate 85. 2060 Eastern Boulevard is an 84-room, interior corridor hotel opportunity offered fee simple and unencumbered by management. Ownership has demonstrated a commitment to updating and maintaining the quality of the hotel and has invested over $1 million in capital expenditures. The property was fully renovated in 2018 and features an on-site fitness center, laundry/dry cleaning services, RV and trailer parking, and a business center.

Wingate by Wyndham Montgomery boasts consistent financial strength, with revenues stabilizing in the post-COVID era. Despite the market effects, the hotel won the highly coveted Best of Wingate Award in 2021 and 2022. Due to its superior quality, management, cleaning, and guest experience, the Wingate by Wyndham Montgomery is considered one of the top Wingate Hotels in the United States.

The hotel is located in the healthy Alabama South Market. Despite its smaller size, the market has sustained RevPAR and employment growth. According to CoStar analytics as of February, the 12-month average RevPAR in this hotel market was climbing at an annual rate of 3.2%, essentially in line with the national average. Employment in the market was recently increasing at an annual rate of 0.8% or a gain of about 4,300 jobs.

Don’t miss out on this premier opportunity to obtain a cash-flowing asset that is certain to generate a positive return on investment.