Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee simple interest in the 78-room Courtyard Dothan (“Hotel” or “Property”), situated at 3040 Ross Clark Cir, Dothan, AL 36301.
The 78-key Courtyard Dothan, located at 3040 Ross Clark Cir, Dothan, AL, presents an opportunity to acquire a premium-branded, recently renovated asset in the hub of the Wiregrass region. Dothan known as “The Peanut Capital of the World,” is a major city with a metropolitan area of over 150,000 people. It serves as a hub for agriculture, industry, and logistics, with major employers like Michelin, Wayne Farms, and International Paper.
Dothan’s strategic location near key transportation routes, such as US-231 and I-10, makes it an ideal spot for distribution and manufacturing. The city also offers a strong cultural scene, with attractions like the National Peanut Festival, Westgate Park sports complexes, and the Dothan Civic Center, making it a family-friendly destination with a growing economy.
Investment Highlights
Dothan: Peanut Capital of the World
As the “Peanut Capital of the World,” Dothan hosts the National Peanut Festival and is home to a diverse economy supported by agriculture, healthcare, and retail sectors. Additionally, the city’s strategic location near Fort Novosel and major youth/adult sports complexes make it an attractive destination for investors seeking long-term returns.
Minimal PIP Anticipated for Dothan
The Courtyard Dothan has recently undergone extensive renovations, and the change of ownership PIP is expected to be minimal. The Courtyard Macon will require a more substantial PIP; however, an investor can expect significant RevPAR upside after the asset’s repositioning.
Marriott Brand Affiliation
The Property benefits from its association with Marriott, a world-renowned hotel company, including access to the Marriott Bonvoy rewards and reservation system.
Offered Unencumbered by Management
The Property will be offered unencumbered by a management agreement. A new owner/operator has the opportunity to revamp the operational strategies of the Hotel, implement strategic cost control initiatives and employ more aggressive revenue management strategies.
Offered Well Below Replacement Cost
The opportunity to purchase the hotel significantly below replacement cost positions investors to capitalize on the growing local economy and property upside.
Photo Gallery
