516 Springhill Plaza Ct - Hospitality FOR SALE


Mobile, AL 36608- College Park
$9,500,000 USD
602-314-5958
516 Springhill Plaza Ct, Mobile, AL for Sale
$9,500,000 USD
Hospitality - FOR SALE
1/14
null | 9.28% Cap Rate

516 Springhill Plaza Ct
Mobile, AL 36608
College Park


HIGHLIGHTS

  • Fully Renovated in 2023 IHG hote | 82-Keys | NO PIP until 2029 | Motivated Seller

OVERVIEW

Investment highlights Fully renovated 82-unit interior corridor hotel $2.50M in 2023 revenue generated during active renovations $2.57M in 2024 room revenue, reflecting post-renovation stabilization $2.735M in 2025, a 7% increase in revenue from 2024 / $880K NOI Strong operating performance with occupancy exceeding 80% and RevPAR above $90 Proximate to major demand drivers including University of South Alabama and USS ALABAMA Battleship Memorial Park

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$206 USD /SF

# OF ROOMS

82

PRICE/ROOM

$115,854 {currency}

CAP RATE

9.28%

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

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602-314-5958

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Devo RaghaNewGen AdvisoryMore Info
602-314-5958

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