Description

This former Candlelight Inn & Suites presents a compelling opportunity for investors seeking a value-add hospitality asset in Montgomery, Alabama. This four-story, 109-room hotel encompasses approximately 60,400 square feet on a 4.51-acre parcel. Offered unencumbered by management or franchise agreements, the property allows new ownership full operational control and the flexibility to implement strategic repositioning initiatives.rnrnKey Highlights:rnrnUnencumbered Asset: The property is free of existing management and franchise obligations, providing new owners with the autonomy to rebrand or reposition the hotel to align with market demands.rnBelow Replacement Cost: Given the current escalation in construction and labor costs, acquiring this asset at its current pricing offers a significant discount compared to new development, enhancing potential return on investment.rnStrategic Location: Situated along W South Blvd, the hotel boasts 250 feet of road frontage with high visibility and traffic count exceeding 20,000 vehicles per day. Its proximity to major demand generatorsu2014including Maxwell Air Force Base, Hyundai Motor Manufacturing, downtown Montgomery, and several colleges and hospitalsu2014positions it to attract a diverse clientele.rnrnValue-Add Potential: Opportunities exist to enhance the property's performance through targeted capital improvements, operational efficiencies, or rebranding efforts, capitalizing on its existing infrastructure and location advantages.rnRooms: 109rnBuilding Size: Approximately 60,399 SFrnLot Size: 4.51 AcresrnYear Built: 1971rnStories: 4rnZoning: M-1rnParking: Approximately 154 surface spacesrnrnMontgomery's diversified economy, anchored by government, education, healthcare, and manufacturing sectors, provides a stable foundation for hospitality ventures. The city's ongoing development initiatives and infrastructure investments further enhance its appeal as a destination for both business and leisure travelers.

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Courtesy of: KW Montgomery