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Holiday Inn Express & Suites Foley North Gulf 3155 Abbey Ln 79 Room Hotel Foley, AL 36535 $11,500,000 ($145,570/Room)
Executive Summary
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the three-hotel portfolio consisting of a Home2 Suites by Hilton, Hampton Inn, and a Holiday Inn Express & Suites located in Foley, Alabama. Strategically positioned near the Gulf Shores tourism corridor, the portfolio consists of a total of 245 rooms between three premium, extended-stay and limited-service assets affiliated with market-leading brands from Hilton and IHG. Collectively, the properties benefit from diverse demand generators including year-round leisure tourism, youth and amateur sports, corporate and industrial activity, and regional retail attractions. The Foley, Alabama Three-Hotel Portfolio offers investors the opportunity to acquire 245 rooms with consistently strong cash flow and optimally located in one of the fastest-growing coastal markets in the Southeast with additional upside through operational efficiencies and continued market growth.
Property Facts
| Price | $11,500,000 | No. Rooms | 79 |
| Price Per Room | $145,570 | No. Stories | 3 |
| Sale Type | Investment | Year Built/Renovated | 2009/2019 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.91/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.21 AC | Opportunity Zone |
Yes
|
| Building Size | 44,982 SF | ||
| Zoning | B-1A - Extended Business District | ||
| Price | $11,500,000 |
| Price Per Room | $145,570 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.21 AC |
| Building Size | 44,982 SF |
| No. Rooms | 79 |
| No. Stories | 3 |
| Year Built/Renovated | 2009/2019 |
| Tenancy | Single |
| Parking Ratio | 1.91/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | B-1A - Extended Business District |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 26 | $184.00 | - |
| Guest Room | 53 | $165.00 | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 61-03-08-1-001-001.014 | Improvements Assessment | $1,297,460 |
| Land Assessment | $0 | Total Assessment | $1,297,460 |
Property Taxes
Parcel Number
61-03-08-1-001-001.014
Land Assessment
$0
Improvements Assessment
$1,297,460
Total Assessment
$1,297,460
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Holiday Inn Express & Suites Foley North Gulf | 3155 Abbey Ln
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