HREC Investment Advisors (“HREC IA”) has been retained to market the Best Western Plus Mobile Inn & Suites (“Hotel” or “Property”), situated at 600 West Interstate 65 Service Rd S, Mobile, AL 36608, which is approximately 15 minutes from downtown Mobile and the Mobile airport area. Conveniently located in the Mobile MSA, there are many diverse demand generators in a fast-growing part of the region.
Recently Renovated Property
The Property has been recently renovated, allowing an investor to acquire a turn-key, cash-flowing asset below the replacement cost. The renovations include updated guest rooms with new flooring, furniture, and fixtures, as well as modernized bathrooms and enhanced in-room amenities. Public spaces such as the lobby, breakfast area, and fitness center have also been refreshed. The Hotel is in excellent physical condition and is expected to have minimal to no PIP required.
Growing Regional Economy
Mobile continues to experience steady economic growth supported by ongoing industrial investment, port expansion, and airport redevelopment. A low cost of doing business, a diverse economy, and intermodal transportation options make the area increasingly attractive for investment and job creation.
Strategic Interstate Location
Located directly off Interstate 65, the Property benefits from excellent visibility and convenient access for guests.
Proximity to Major Employers and Institutions
The Property is minutes from major employers such as Airbus and Austal USA, as well as the University of South Alabama and Providence Hospital.
Offered Unencumbered by Management
The Name is being offered unencumbered by a management agreement. An investor possesses the opportunity to bring in a new management company or to act as an owner/operator.
Fee Simple Interest
The Property will be offered as fee simple.