HREC IA, as the exclusive agent of the owner, is pleased to offer for sale the 117-guestroom Best Western University Inn and 111-unit Park Plaza Self Storage (hereinafter sometimes referred to as the “Property” or the “Hotel”) located near the University of Alabama in Tuscaloosa, Alabama.

The Best Western University Inn is located in a prime location and conveniently located to key area attractions in Tuscaloosa that are rich in history and traditions, including The University of Alabama, Bryant Denny Stadium, Alabama Museum of Natural History, DCH Regional Medical Center, Lewis and Faye Manderson Cancer Center, Tuscaloosa Amphitheater, and the Tuscaloosa VA Hospital. The downtown Tuscaloosa market has seen incredible growth over the past few years and reaps the benefits from its location proximate to the ±38,000-student University of Alabama. Over the trailing twelve months, the Tuscaloosa hotel recorded a RevPAR of about $70, on par with the same period in 2019. In the case of the Best Western University Inn, the return of the Tuscaloosa market is poising the Hotel to outperform 2019 revenue and EBITDA figures.

After closing due to flooding, the Hotel reopened fully in April 2021 with a completely rebuilt and renovated first floor, including a lobby, breakfast area, front desk, offices, and brand-new first-floor guestrooms. The flood was a freak accident caused by a blocked drainage culvert during construction of the McFarland Blvd exit expansion, and extremely unlikely to happen again.

Additionally, the Park Plaza Self Storage is located next to the Hotel and has the potential to bring in $140,000 in low-risk, low-maintenance profit. The self-storage facility is 92% occupied and a new owner has the opportunity to increase rates upon acquisition.

The acquisition of the Best Western University Inn and Park Plaza Storage represents a remarkable opportunity to share the efficiencies of two businesses within a recession-proof, university market, all with additional revenue and profit margin upside.

Broker of Record

Monty Levy

AL License # 000095320-0