Introducing G6 Hospitality at 3600 McFarland Blvd E, Tuscaloosa AL 35405, a Full Turn Key opportunity. The property has 38 rooms, laundry room, and seperate office area (potential to build manager's studio living)
Fully renovated 2024 . The property was taken down to the stud framework, new insulation, drywall, plumbing, electrical, FF&E, Bathroom products, and LVT. City passed the final building inspection. Exterior is brick and has the opportunity to be fully enclosed to convert to a hotel if wanted. Membrane roof installed 2022. Low overhead and Liquidated Damages negotiated to $1K per Unit with G6 Hospitality. Easy opportunity to increase revenue. Owner is a developer and the City of Tuscaloosa approached him to develop the property. The owner/developer is not a long term hold investor. The primary goal was to develop and move on to other projects in their pipeline.
Priced at $2,775,000 with a competitive $71,154 per key
G6 Hospitality features modern amenities, ensuring guest comfort and satisfaction. With a solid financial summary and a detailed boutique pro forma analysis available, this property is ready to drive substantial returns on investment. Located 2.5 miles from The University of Alabama. Football season is a large revenue driver & closeness to the university allows other events and summertime orientation, camps, etc flow over to the property. One of the first G6 properties with a dog park and concreted hangout area for guests.