1130 Joaneen DrSaraland, AL 36571

This 60-key Country Inn & Suites hotel in Saraland, Alabama, presents a compelling investment opportunity. Built in 2008, this three-story property boasts a current occupancy rate of 87.8% (as of December 30, 2023) and a Net Operating Income (NOI) of $248,960. Pro forma projections indicate a significant increase in NOI to $557,842 and a 12.13% capitalization rate, highlighting the substantial upside potential. Situated on a 1.42-acre lot, the hotel benefits from its convenient location directly off Interstate 65, within the Mobile MSA – Alabama's third-largest metropolitan statistical area. The property's proximity to key businesses, including the University of Mobile, Allied Steel Corporation, Vertex Energy Mobile Refinery, and Austal USA, as well as Downtown Mobile, ensures a consistent stream of guests. This limited-service hotel offers a new owner the chance to leverage the established Choice Hotels brand, reservation system, and guest loyalty program to further enhance revenue and profitability through effective revenue management strategies. The asking price for this exceptional property is $4,600,000, representing a current capitalization rate of 5.41%.