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Holiday Inn Express Mobile I-65 516 Springhill Plaza Ct 82 Room Hotel Mobile, AL 36608 $9,500,000 ($115,854/Room) 9.28% Cap Rate
Investment Highlights
- Fully Renovated in 2023 IHG hote | 82-Keys | NO PIP until 2029 | Motivated Seller
Executive Summary
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
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
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $9,500,000 | Lot Size | 2.85 AC |
| Price Per Room | $115,854 | Building Size | 46,226 SF |
| Sale Type | Investment | No. Rooms | 82 |
| Cap Rate | 9.28% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2005/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.12/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | C-3 - Commercial | ||
| Price | $9,500,000 |
| Price Per Room | $115,854 |
| Sale Type | Investment |
| Cap Rate | 9.28% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.85 AC |
| Building Size | 46,226 SF |
| No. Rooms | 82 |
| No. Stories | 3 |
| Year Built/Renovated | 2005/2024 |
| Parking Ratio | 2.12/1,000 SF |
| Corridor | Interior |
| Zoning | C-3 - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $149.00 | - |
| Guest Room | 67 | $136.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
1 of 15
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Holiday Inn Express Mobile I-65 | 516 Springhill Plaza Ct
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