comfort suites...airport and several popular tourist attractions such as the alabama state capital,...

COMFORT SUITES110 Folmar Parkway, Montgomery, AL, 36105, USA

TABLE OF CONTENTSTABLE OF CONTENTS

INVESTMENT OVERVIEW

PROPERTY OVERVIEW

STAR REPORT

ABOUT THE AREA

PHOTOS

OFFERING SHEET

6-9

10-13

14-21

22-27

28-29

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Confidentiality and Disclaimer

NON-ENDORSEMENT AND DISCLAIMER NOTICE

The information in the following Offering Memorandum is strictly confidential. It is intended to be reviewed only by parties approved by American Real Estate

Group. This Offering Memorandum has been created to provide summary, unverified information to prospective purchasers, and to establish only preliminary

interest in the subject property. The information contained in this Offering Memorandum is not a substitute for a more thorough investigation. American Real Estate

has not made any investigation, nor makes any warranty or representation, in regards to the income or expenses for the subject property, the future projected

financial performances of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances,

PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements, or the financial condition or business prospects

of any tenant, or any plans or intentions to continue its occupancy of the subject property. The information in in this Offering Memorandum has been obtained from

sources that we believe to be reliable, but we make no warranties or representations whatsoever as to the accuracy or completeness of the information. All

interested parties must take appropriate measures to verify the information in this Offering Memorandum.

Non-Endorsement Notice

American Real Estate is not affiliated with any property owner identified in this memorandum. The presence of any corporation’s logo or name does not indicate or

imply affiliation with said American Real Estate, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of American Real Estate, and is

solely included to provide commercial property information about this listing to prospective customers.

[email protected] (858) 210-8282 3American Real Estate Group Crystal Lee

COMFORT SUITES, MONTGOMERY, AL (AIRPORT SOUTH) | OFFERING

[email protected] (858) 210-8282American Real Estate Group Crystal Lee 4


After a seven-year transformation, Comfort Brand unveiled a new logo in 2018. Buyer will not have to worry about PIP expenses after purchase.

PIP UPGRADES 2019 HAVE BEEN COMPLETED

INVESTMENT OVERVIEW


INVESTMENT OVERVIEW

Ø Highest score in Montgomery, Alabama

Ø Near Montgomery Airport, near auto-

manufacturing plant, customers year-round

Ø Gold Award for 2 years straight

[email protected] (858) 210-8282

This beautiful and award-winning Choice Hotel is a must-see in order to appreciate and experience its superior quality. Centrally located right-off the I-65, the hotel is conveniently near Montgomery Regional Airport and several popular tourist attractions such as the Alabama State Capital, Montgomery Museum of Fine Arts, Montgomery Zoo, and Civil Rights Memorial Center. Also, its surrounding area offers a great variety of parks, shopping centers, specialty stores, and entertainment venues, as well as restaurants and cafes that are within walking distance from the hotel. Auto-manufacturing companies (Hyundai, Honda, Toyota, and Mercedes-Benz) are nearby, which provides a steady flow of visitors to the hotel.

HIGHLIGHTS

American Real Estate Group Crystal Lee 7


2018, 2019 CHOICE GOLD AWARD OBTAINEDPROVING GREAT MAINTENANCE & QUALITY

PERFORMANCE ZONES SCORECARD


PROPERTY OVERVIEW


PROPERTY FACTS

American Real Estate Group Crystal Lee [email protected] (858) 210-8282

Price $6,740,000

Price Per Acre $99,130

Sale Type Investment

Cap Rate 8%

Property Type Hospitality

Property Subtype Hotel / Hospitality Hotel / Casino / Hospitality Motel

Lot Size 1.62 AC

Building Size 40,053 SF

Average Daily Rate $87.73

Revenue / Avail Room $65.76

Average Occupancy 75%

No. Rooms 69

No. Stories 3

Year Built 2008

Year Renovated 2019

Parking Ratio 3.18 / 1,000 SF

Corridor Interior

Opportunity Zone No

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HOTEL STATISTICS

INSPECTION SCORES


STAR REPORT


ABOUT THE AREA


PROPERTY LOCATION

Hotel at a glance

6 miles from Montgomery Regional Airport10 miles from the Civil Rights Memorial9 miles from Riverwalk Stadium

110 Folmar Parkway, Montgomery, AL, 36105, US


MONTGOMERY, ALABAMA

Montgomery, the state capital of Alabama, is one of the most populous metropolitan regions in the southeastern U.S.

Montgomery’s central location has made it a processing hub for commodity crops, such as cotton, peanuts, and soybeans. It is also a regional distribution center for a wide range of industries in healthcare, business, government, and manufacturing.

Historically, the town had a significant role in the Civil Rights Movement as home to the bus boycott. Maxwell-Gunter Air Force Base and several schools such as Huntingdon College and Alabama State University are a quick drive from the hotel.


ALABAMA’S ECONOMY

Alabama is ranked among the nation’s best for business climate. Its automotive industrycontinues to expand as a vehicle and engine production powerhouse. The state has become a leading center globally for building cars, including Mercedes Benz, Honda, Toyota, and Hyundai.

As the one of the top auto exporting states in the nation, Alabama employs near 40,000 in automotive manufacturing jobs.


Alabama: Center of the Southeast’s Automotive IndustryBuilding one-fourth of all passenger vehicles in the South

ALABAMA’S ECONOMY

Alabama has a rich history in the aerospace and aviation industry. Ever since the Wright Brothers established the nation’s first civilian flight school in Montgomery in 1910, Alabama has supported many companies and organizations involved in flight.

The state plays a critical role in space and defense production. It is home to many aerospace companies, including industry giants such as Airbus, Boeing, Lockheed Martin, Raytheon, and GKN Aerospace.


Alabama’s Aerospace and Aviation Industry

Quick Facts

• 100+ years of aerospace and aviation history• 61,000+ employed in aerospace and defense• 4,660 aerospace engineers (Top 5 in USA)

• Home to businesses from 30 countries• More than 300 aerospace companies• Aerospace manufacturing employed 13,200 in 2019

IN THE AREA

Alabama’s State Capitol

Riverwalk Stadium

Montgomery Zoo

Rosa Parks Library and Museum

Civil Rights Memorial

Hyundai Motor Company

The iconic civil rights march from Selma to Montgomery ended here with a powerful speech by Dr. Martin Luther King, Jr.

The Montgomery Biscuits are known as the best team name in minor league baseball. There's plenty of parking within a five-block radius of the stadium, where games are played April through September.

The Hyundai Motor Company features a guided

tour of the Hyundai Motor Manufacturing plant and

assembly line.

From African giraffes to South American jaguars, wild creatures from five continents make their home at the Montgomery Zoo.

Rosa Parks Library and Museum is a memorial to the

life of civil rights icon Rosa Parks and the lessons of the

Montgomery Bus Boycott.

The Civil Rights Memorial is a moving tribute to those who

died in the civil rights struggle between 1965 and 1968.

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PROPERTY PHOTOS

HOTEL EXTERIOR

KING SUITE DOUBLE SUITE DINING AREA

HOTEL LOBBY KING SUITE


PROPERTY PHOTOS

OUTDOOR POOL FITNESS CENTER HOTEL MARKETPLACE

BREAKFAST AREA MEETING ROOM BUSINESS CENTER


OFFERING SHEET

Offered By

Crystal LeeMain Broker, American Real Estate Group

[email protected](858) 210-8282

Comfort Suites 110 Folmar Parkway, Montgomery, AL, 36105, USA(334) 230-5313


mailto:[email protected]

comfort suites...airport and several popular tourist attractions such as the alabama state capital,...

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