Hodges Ward Elliott, as exclusive agent for the Owner, is pleased to present the 204-Key DoubleTree by Hilton Birmingham Perimeter Park, strategically located at the confluence of Interstate 459 and Highway 280 in a thriving submarket of Birmingham – a city that boasts a diverse and growing population, a strong economy, a business-friendly environment, and a variety of recreational and cultural amenities.

The Offering presents the opportunity to own a top performing hotel with strong in-place cash flow with further upside that is fee simple and unencumbered of management and debt, granting maximum operational and financing optionality to a new owner.

Located within one of Birmingham’s key suburban interchanges and part of the city’s largest office market with nearly 6 million square feet of inventory, the Property is near numerous prominent office tenants, healthcare, and educational institutions, as well as notable retailers, and offers direct and convenient access to downtown Birmingham, Birmingham-Shuttlesworth International Airport, and the surrounding area.

REVPAR LEADER

The DoubleTree has demonstrated strong and consistent performance as the RevPAR leader amongst its competitive set for the past five consecutive years. The Property’s T-12 RevPAR Index is a remarkable 170.8%, primarily driven by an occupancy premium of nearly 23 points over the competitive set. The Property notably bests a recently renovated, 1999-vintage Marriott in RevPAR, a testament to the DoubleTree’s physical quality and location.

STRONG IN-PLACE CASH FLOW

Benefitting from a low-cost labor environment and modest total fixed charges, the compact full-service DoubleTree has generated impressive NOI margins of nearly 30.0% for the past two-plus years. In the first post-COVID calendar year of 2022, NOI nearly doubled year-over-year and exceeded the Property’s 2019 NOI by 25.6%, while 2023 saw an NOI increase of 14.2%.

CLEAN INVESTMENT OPPORTUNITY

The Hotel is offered unencumbered of debt and management, offering a high degree of operational and financing flexibility.

ATTRACTIVE FINANCING PROFILE

ABILITY TO ACQUIRE BELOW REPLACEMENT COST

Based upon the pricing guidance and capital expenditure estimates, a new investor will be able to acquire the Hotel at a significant discount to current development costs for delivering a full-service hotel in Birmingham, creating a buffer against directly competitive new supply.

FOR FINANCING INQUIRIES: