For Sale
$12,000,000

811 Old Grants Mill RdBirmingham, AL 35210

99-Room Holiday Inn Express, Alabama

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 99-room Holiday Inn Express & Suites in Birmingham, Alabama, presents a compelling investment opportunity. Located off Interstate-20, near Birmingham-Shuttlesworth International Airport, the Birmingham Zoo, and the Birmingham Race Course Casino, this four-story, limited-service hotel boasts a prime location with high visibility and convenient access to major transportation routes. The property, built in 2002, underwent extensive renovations in 2024, totaling approximately $2,300,000, to meet the Formula Blue Property Improvement Plan (PIP) standards, completed in early May 2023. A significant four-year lodging contract, signed October 1, 2023, is projected to generate an additional $700,000 in annual revenue. The hotel features an interior corridor and benefits from high daily traffic counts on Old Grants Mill Road (approximately 27,600 vehicles). Its established location in a growing market, coupled with the highly desirable Holiday Inn Express brand, offers investors substantial potential for increased profitability through focused management and marketing strategies. The property's APN is 23-00-24-4-004-006.001 and is zoned for Commercial - Hotels/Motels. The asking price is $12,000,000.

Highlights

  • 99-room hotel.
  • Interior corridor.
  • Recently completed $2.3M renovation to meet Formula Blue PIP standards.
  • New four-year lodging contract adding $700,000 in annual revenue.
  • Desirable Holiday Inn Express & Suites brand.
  • High visibility location with 27,600 AADT on Old Grants Mill Road.

Property Details for 811 Old Grants Mill Rd

Property type
Hospitality properties, Motels
Year Built
2002
Buildings
1
Stories
4

Location Insight

City
Birmingham
County
Jefferson
State
Alabama
Latitude
33.5345638
Longitude
-86.6936554
811 Old Grants Mill Rd, Birmingham, Alabama

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811 Old Grants Mill Rd
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