Hilco Real Estate, LLC announced the sale of this new 56,963 square foot, four story, 98 room Holiday Inn Express hotel on behalf of Wealth Hospitality Group. Sitting on 2.68 AC, this hotel was sold to MH Hospitality for $13,950,000, totaling $142,346 per key room.
This announcement was marketed for a period of 30 days, attracting potential buyers eager to act quickly on this brand new asset. The hotel includes two elevators, 1,200 square feet of meeting space, an outdoor pool, and a fitness center.
Huntsville, Alabama became the largest city in the state with a population of approximately 215,006. Located just one mile from the US Space & Rocket Center, Huntsville Botanical Garden, Redstone Arsenal Army Post, Cummings Research Park (the second largest research park in the US), and the University of ‘Alabama – Huntsville, this hotel is extremely well located and welcomes regular visitors year-round. Freeway access places the asset five miles from downtown Huntsville and just ten miles from Huntsville International Airport.
Keith Worsham, Senior Vice President, National Hotel Team, Hilco Real Estate, said, “This sale represents an exceptional turnkey opportunity in a city close to major highways, universities and local attractions.