516 Springhill Plaza Ct - Hospitality FOR SALE


Mobile, AL 36608- College Park
$10,000,000 USD
786-772-0719
516 Springhill Plaza Ct, Mobile, AL for Sale
$10,000,000 USD
Hospitality - FOR SALE
1/6
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516 Springhill Plaza Ct
Mobile, AL 36608
College Park


HIGHLIGHTS

  • Potential revenue growth through enhanced management strategies and efficiency improvements.
  • Positioned well below replacement cost, providing strong value for investors.

OVERVIEW

Prime Location: Positioned off Interstate 65 with 87,936 VPD on Moffett Rd, ensuring high traffic and visibility. · Renovated Asset: Fully renovated in 2023 and 2024 to meet IHG brand standards, minimizing near-term capital expenditures. · Strong Brand Affiliation: Holiday Inn Express, a globally recognized IHG brand with a loyal customer base. · Turnkey Investment: Minimal Property Improvement Plan (PIP) requirements provide a seamless acquisition opportunity.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$216 USD /SF

# OF ROOMS

82

PRICE/ROOM

$121,951 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express Mobile I-65

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2005

PARKING SPACES

98

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,256 SF

ZONING

C-3

APN/PARCEL ID

28-01-12-4-000-091.002

ASK ABOUT THIS PROPERTY

Lucas MondinoKabani Hotel Group Inc.More Info
786-772-0719

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Lucas MondinoKabani Hotel Group Inc.More Info
786-772-0719

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