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Strong Value-Add Opportunity 1535 Montgomery Hwy 34 Room Hotel Vestavia Hills, AL 35216 $2,500,000 ($73,529/Room)
INVESTMENT HIGHLIGHTS
- Prime Hoover location with direct I-65 access
- Two stable income-producing retail tenants
- Surrounded by major retailers and strong demand drivers
- High visibility along U.S. Highway 31 corridor
- Recent soft goods update and prior full renovation
EXECUTIVE SUMMARY
This offering includes the fee simple interest in a 32-unit EconoLodge by Choice, located in Hoover—an affluent suburb of Birmingham, Alabama. The property presents a strong value-add opportunity, with high visibility off U.S. Hwy 31 and direct access to I-65 (Exit 252), a major corridor traveled by approximately 37,000 vehicles daily.
The hotel benefits from proximity to major demand drivers, including Riverchase Galleria (2.7 miles), UAB Hospital (9 miles), several universities, and is surrounded by national retailers such as CVS, Walmart, Publix, and Aldi—enhancing guest convenience and exposure. Birmingham continues to experience rapid economic growth, with over $690 million in new building permits issued in 2024. Key highlights include the newly opened 9,300-seat Coca-Cola Star Amphitheater, 4.04 million overnight visitors, and major investments from companies like Coca-Cola and Wells Fargo. Jefferson County, Alabama’s largest economy, is being propelled by developments like the 1,100-acre JeffMet North Industrial Park, projected to create 4,700 jobs.
With robust infrastructure and a pro-business environment, Birmingham is emerging as a regional hub for logistics, healthcare, and tech—positioning this hotel to benefit from sustained economic momentum. The property also includes two income-producing tenants, Wings R King and Barristers Tavern, both of whom pay early and have no history of delinquency, contributing stable and reliable cash flow.
Michael Bull, CCIM Alabama License #: 000083872-0
The hotel benefits from proximity to major demand drivers, including Riverchase Galleria (2.7 miles), UAB Hospital (9 miles), several universities, and is surrounded by national retailers such as CVS, Walmart, Publix, and Aldi—enhancing guest convenience and exposure. Birmingham continues to experience rapid economic growth, with over $690 million in new building permits issued in 2024. Key highlights include the newly opened 9,300-seat Coca-Cola Star Amphitheater, 4.04 million overnight visitors, and major investments from companies like Coca-Cola and Wells Fargo. Jefferson County, Alabama’s largest economy, is being propelled by developments like the 1,100-acre JeffMet North Industrial Park, projected to create 4,700 jobs.
With robust infrastructure and a pro-business environment, Birmingham is emerging as a regional hub for logistics, healthcare, and tech—positioning this hotel to benefit from sustained economic momentum. The property also includes two income-producing tenants, Wings R King and Barristers Tavern, both of whom pay early and have no history of delinquency, contributing stable and reliable cash flow.
Michael Bull, CCIM Alabama License #: 000083872-0
PROPERTY FACTS
| Price | $2,500,000 | Building Size | 19,940 SF |
| Price Per Room | $73,529 | No. Rooms | 34 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1966/2013 |
| Property Subtype | Hotel | Parking Ratio | 2.91/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.67 AC | ||
| Zoning | C2 - Commercial | ||
| Price | $2,500,000 |
| Price Per Room | $73,529 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.67 AC |
| Building Size | 19,940 SF |
| No. Rooms | 34 |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2013 |
| Parking Ratio | 2.91/1,000 SF |
| Corridor | Interior |
| Zoning | C2 - Commercial |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 34 | $59.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 39-00-01-3-001-002.001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $450,320 |
PROPERTY TAXES
Parcel Number
39-00-01-3-001-002.001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$450,320
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Strong Value-Add Opportunity | 1535 Montgomery Hwy
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