For Sale
$8,995,000

203 Brabham DrEnterprise, AL 36330

83-key hotel, prime location, strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple 83-suite Candlewood Suites hotel in Enterprise, Alabama, presents a compelling investment opportunity. Built in 2010, this three-story property sits on 2.09 acres and boasts a prime location near Fort Novosel (formerly Fort Rucker), home to over 25,000 military and civilian personnel. The hotel benefits from proximity to major medical facilities, including Medical Center Enterprise and Enterprise Health & Rehabilitation Center, and is just a short distance from downtown Enterprise's charming atmosphere and local attractions like the Boll Weevil Monument. The property requires minimal capital improvements upon acquisition. Furthermore, a state-of-the-art recreational facility, including indoor/outdoor gyms, tennis courts, and swimming pools, is slated for completion in 2024, further enhancing the area's appeal and potentially boosting occupancy rates. The hotel's location in the Tri-State area, with Florida and Georgia within easy reach, adds to its market appeal. This offering represents a rare chance to acquire a well-positioned hotel with significant growth potential in a thriving community. The asking price is $8,995,000.

Highlights

  • Fee simple ownership of the 83-suite, three-story Candlewood Suites hotel in Enterprise, Alabama.
  • Enterprise, Alabama enjoys a strategic location near Florida and Georgia, within the Tri-State area.
  • The property requires minimal capital expenditures upon acquisition.
  • Strong demand driven by proximity to Fort Novosel (formerly Fort Rucker), housing over 25,000 military and civilian personnel.
  • Nearby medical facilities include Enterprise Health & Rehabilitation Center, Medical Center Enterprise, and Lyster Army Hospital.
  • A new 110,000 sq ft recreational facility with diverse amenities is nearing completion (2024).

Property Details for 203 Brabham Dr

Property type
Hospitality properties, Hotels
Year Built
2010
Stories
3
Lot Size (sq. ft)
91,040 SF

Location Insight

City
Enterprise
County
Coffee
State
Alabama
Latitude
31.29471807
Longitude
-85.84689152
203 Brabham Dr, Enterprise, Alabama

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203 Brabham Dr
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