5101 Messer Airport HwyBirmingham, AL 35212

This exceptional 146-room, five-story extended-stay hotel in Birmingham, Alabama, presents a lucrative investment opportunity. Completely renovated in 2024, this turnkey property boasts new electrical, plumbing, mechanical systems, fire alarm, drywall, flooring, paint, and FF&E. Each room includes a brand-new kitchenette with a stovetop, refrigerator, sink, and microwave. Projected Year 1 revenues are $2,916,652, with a net income of $1,251,192, increasing to $3,408,301 and $1,514,296 respectively in Year 2. The property sits on 2.74 acres and includes three buildings, one of which features a large meeting room/ballroom with potential for conversion into a restaurant. Located just two minutes from Birmingham-Shuttlesworth International Airport (BHM) and with excellent access to Interstates 20 and 59, this hotel benefits from a high-growth area, ranked among the nation's fastest-growing cities for job and entrepreneurial growth. The property is unencumbered by brand, debt, or management, offering several franchise options with potential key money incentives, including Studio 6 (G6). The Certificate of Occupancy is expected in October/November 2024. The total capital expenditure for renovations was $4,538,000. The property is zoned for hospitality or multifamily apartments. Asking price: $10,500,000. Minimum 20% down payment required.