1200 Hilmar Ct | Montgomery, AL 36117
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1200 Hilmar Ct
Montgomery, AL 36117
Sonesta ES Suites Montgomery · Hospitality Property For Sale
·
62,018 SF
INVESTMENT HIGHLIGHTS
- Fee-simple interest in the institutionally owned and third-party managed 94-room Sonesta ES Suites Montgomery offered below replacement costs.
- Hotel is operating a ~86% occupancy with in-place yield making it readily financeable.
- Accessible to I-65, a primary north-south freeway leading to Birmingham, Huntsville, Mobile, and is south of I-85, connecting Atlanta and Charlotte.
- Offered unencumbered of management, debt, and providing prospective buyers with an opportunity for alternative-use pending zoning approval.
- Strong operational upside in adjusting the business mix and pushing ADR with current T12 occupancy of ~86%.
- Near several institutions, Alabama State University, Auburn University at Montgomery, Faulkner University, Huntingdon College, and Amridge University.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1990/2018 |
| Building Class | B | Parking Ratio | 1.58/1,000 SF |
| Lot Size | 2.87 AC | Corridor | Interior |
| Building Size | 62,018 SF | ||
| Zoning | B-3 - General Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.87 AC |
| Building Size | 62,018 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2018 |
| Parking Ratio | 1.58/1,000 SF |
| Corridor | Interior |
| Zoning | B-3 - General Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Tennis
- Public Access Wifi
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Number | 10-06-13-4-003-006.000 | Improvements Assessment | $1,053,200 |
| Land Assessment | $50,060 | Total Assessment | $1,103,260 |
PROPERTY TAXES
Parcel Number
10-06-13-4-003-006.000
Land Assessment
$50,060
Improvements Assessment
$1,053,200
Total Assessment
$1,103,260
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