SureStay by Best Western Jasper 200 The Mall Way 60 Room Hotel Jasper, AL 35504 $3,600,000 ($60,000/Room)

INVESTMENT HIGHLIGHTS

  • The property has been extensively renovated between 2021 and 2024, with minimal Property Improvement Plan (PIP) costs for the new owner.
  • The property is ideally suited for an owner-operator acquisition, with opportunities to increase RevPAR through hands-on management.
  • Popular area for outdoor sporting activities such as fishing, boating, and watersports at the nearby Lewis Smith Lake.
  • A +/- 7,000 sq. ft. space on the third floor is currently being used for storage, offering potential for conversion into a manager’s suite.
  • Jasper, Alabama, is home to a large agriculture market, including coal, timber, and poultry processing industries.

EXECUTIVE SUMMARY

Cushman & Wakefield’s Hotel Group has been retained as the sole and exclusive advisors to market for sale the fee simple interest in the 60-Room SureStay by Best Western in Jasper, Alabama – which is located approximately ~ 40 miles from Birmingham, AL, ~ 55 Miles from Tuscaloosa, AL, and ~ 92 miles from Huntsville, AL .
The 60-room SureStay by Best Western, located at 200 The Mall Way in Jasper, Alabama, is being offered for sale with a pricing guidance of $3,600,000. The property, which includes 59 rentable rooms and one converted to laundry/vending, has undergone extensive renovations between 2021 and 2024, leaving minimal Property Improvement Plan (PIP) costs for the new owner. The hotel also features a +/- 7,000 sq. ft. space on the third floor, currently used for storage, that could be converted into a manager’s suite. Located off Interstate-22, the property is ideally positioned for an owner-operator acquisition, with the potential to increase RevPAR through hands-on management. The area is supported by a strong agriculture market, including coal, timber, and poultry processing, as well as a popular outdoor sporting market centered around fishing, boating, and watersports at nearby Lewis Smith Lake.
Please contact Jesse Lastofsky with Cushman & Wakefield for more details at 561.699.1513 or email Jesse.Lastofsky@cushwake.com

PROPERTY FACTS

Price $3,600,000
Price Per Room $60,000
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.49 AC
Building Size 29,029 SF
No. Rooms 60
No. Stories 3
Year Built/Renovated 1988/2024
Parking Ratio 2.96/1,000 SF
Corridor Exterior
Zoning OT

AMENITIES

  • Business Center
  • High Speed Internet Access
  • Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 60 $79.00 -

PROPERTY TAXES

  • Listing ID: 34997039

  • Date on Market: 3/3/2025

  • Last Updated:

  • Address: 200 The Mall Way, Jasper, AL 35504