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492 Wildwood CirHomewood, AL 35209

108-key hotel, prime location, high potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 108-key Four Points by Sheraton hotel, built in 2008 and renovated in 2020, presents a significant investment opportunity in Homewood, Alabama. Located on a 2.94-acre lot at 492 Wildwood Cir N, 35209, this five-story hotel benefits from a fee-simple ownership structure, offering complete operational control to the new owner. The property is strategically situated near major corporate centers, including Wells Fargo, Buffalo Rock Company, Kratos SRE, Evonik Corporation, and T-Mobile, ensuring a consistent stream of business travelers. Its proximity to Birmingham's vibrant cultural attractions, including the Birmingham Civil Rights Institute, Red Mountain Park, and the Robert Trent Jones Golf Trail, further enhances its appeal to a diverse range of guests. While the current RevPAR lags the competitive set, a completed property improvement plan (PIP) – estimated to be minimal given recent investments of approximately $300,000 since 2022 – coupled with improved revenue management and cost control strategies, promises substantial increases in cash flow. The Marriott brand affiliation provides a strong foundation for attracting new business and maximizing occupancy rates. This presents a unique chance to acquire a well-located hotel with significant upside potential in a thriving business and leisure market. The hotel is unencumbered by management agreements, allowing for immediate implementation of operational improvements and strategic initiatives to enhance profitability.

Highlights

  • 108-key Four Points by Sheraton Hotel in Homewood, Alabama, offering significant upside potential due to below-market RevPAR.
  • 2020-renovated hotel with a Marriott brand affiliation, minimizing capital expenditure needs for a new owner.
  • Fee simple ownership with no management contract, allowing for operational flexibility and strategic cost control.
  • Located on a 2.94-acre lot in Jefferson County, near major corporate employers and Birmingham's cultural attractions.
  • Five-story, single-building hotel constructed in 2008, currently for sale by owner.

Property Details for 492 Wildwood Cir

Property type
Hospitality properties, Hotels
Year Built/Renovated
2008/2020
Buildings
1
Stories
5
Lot Size (sq. ft)
128,066 SF

Location Insight

City
Homewood
County
Jefferson
State
Alabama
Latitude
33.447363006965
Longitude
-86.831965006672
492 Wildwood Cir, Homewood, Alabama

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492 Wildwood Cir
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