Connolly Investments is pleased to exclusively offer for sale the Quality Inn located in Homewood, Alabama, to qualified purchasers. This 120-key hotel features a mix of exterior and interior corridor guestrooms and benefits from a strategic location within the Birmingham-Hoover MSA, directly off of Interstate 65. The property is surrounded by a dense mix of high-traffic commercial and retail tenants.
This offering presents a compelling value-add opportunity. The hotel is currently absentee-owned, leaving significant upside for an experienced operator to enhance performance. With targeted expense management, a comprehensive exterior and interior renovation, and potential repositioning or rebranding, the asset has the potential to achieve stabilized annual revenue in excess of $2 million—bringing performance in line with its competitive set.
As the Birmingham-Hoover MSA continues to experience sustained economic and population growth, this asset presents a strategic avenue for entry into a high-barrier-to-entry market. Whether the goal is to renovate and reposition for a capital gain exit or to hold long-term for stable cash flow and appreciation, the property has strong potential to meet a variety of investment objectives.