2060 Eastern Blvd - Hospitality FOR SALE


Montgomery, AL 36117- Outer East
$7,400,000 USD
770-856-8949
2060 Eastern Blvd, Montgomery, AL for Sale
$7,400,000 USD
Hospitality - FOR SALE
1/28
null | Request Cap Rate

2060 Eastern Blvd
Montgomery, AL 36117
Outer East


HIGHLIGHTS

  • 84-key Wingate by Wyndham offering strong brand recognition and reliable midscale performance
  • Completed Renovations, including lobby and breakfast area upgrades, with ongoing in-room tech enhancements (TV replacements in progress)
  • Stable revenue base, generating approximately $2.2 million in annual income, with potential to further increase occupancy and operational efficiency
  • Prime location in Montgomery, Alabama’s capital, near the business district, AUM, Baptist Healthcare, and Maxwell Air Force.
  • Approximately 10 miles from Hyundai Motor Manufacturing Alabama (HMMA) and its supplier network, ensuring consistent corporate lodging demand
  • Excellent access to Interstate 85, a major corridor linking Montgomery to Atlanta and the broader Southeast region

OVERVIEW

Master Realty / ParaSell, Inc., is pleased to present the exclusive offering of the 84-key Wingate by Wyndham in Montgomery, Alabama. This opportunity provides a well-performing, income-producing hospitality asset in a market supported by a diversified base of military, government, healthcare, education, and industrial demand. Strategically located just off Interstate 85, the hotel enjoys close proximity to key demand generators, including Maxwell Air Force Base, Baptist Medical Center, Auburn University at Montgomery (AUM), and the city’s main business district. Montgomery, as the state capital, draws a steady flow of government and institutional travel. The property is also located roughly 10 miles from Hyundai Motor Manufacturing Alabama, one of the region’s largest employers, further strengthening its appeal to corporate guests. The hotel has benefited from over $1 million in capital improvements, including a full renovation of the lobby and breakfast area in 2018, with minimal remaining PIP requirements. Ongoing upgrades, such as new 43–50" guestroom TVs, continue to enhance the asset. With annual revenue of approximately $2.2 million and a loyal base of long-term military and corporate guests, this offering presents a compelling opportunity for seasoned investors or experienced owner-operators seeking a stable hospitality asset with long-term upside potential.

FOR SALE DETAILS

PRICE

$7,400,000 USD

PRICE/SF

$164 USD /SF

# OF ROOMS

84

PRICE/ROOM

$88,095 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wingate By Wyndham Montgomery

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1999

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

B-3

APN/PARCEL ID

10-06-24-2-002-001.003

ASK ABOUT THIS PROPERTY

Young Ja Kim, CCIMMaster RealtyMore Info
770-856-8949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Young Ja Kim, CCIMMaster RealtyMore Info
770-856-8949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.