3155 Abbey Ln - Hospitality FOR SALE


Foley, AL 36535
$11,500,000 USD
561-699-1513
3155 Abbey Ln, Foley, AL for Sale
$11,500,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

3155 Abbey Ln
Foley, AL 36535


OVERVIEW

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the three-hotel portfolio consisting of a Home2 Suites by Hilton, Hampton Inn, and a Holiday Inn Express & Suites located in Foley, Alabama. Strategically positioned near the Gulf Shores tourism corridor, the portfolio consists of a total of 245 rooms between three premium, extended-stay and limited-service assets affiliated with market-leading brands from Hilton and IHG. Collectively, the properties benefit from diverse demand generators including year-round leisure tourism, youth and amateur sports, corporate and industrial activity, and regional retail attractions. The Foley, Alabama Three-Hotel Portfolio offers investors the opportunity to acquire 245 rooms with consistently strong cash flow and optimally located in one of the fastest-growing coastal markets in the Southeast with additional upside through operational efficiencies and continued market growth.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$253 USD /SF

# OF ROOMS

79

PRICE/ROOM

$145,570 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Foley North Gulf

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

86

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

B-1A

APN/PARCEL ID

61-03-08-1-001-001.014

ASK ABOUT THIS PROPERTY

Jesse LastofskyCushman & WakefieldMore Info
561-699-1513

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Jesse LastofskyCushman & WakefieldMore Info
561-699-1513

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