What's Happening?
The Hilton Garden Inn Liberty Park in Birmingham, Alabama, is currently on the market for sale. CBRE Hotels is acting as the exclusive agent for the owner, offering the fee simple interest in this 130-room property. The hotel is strategically located less than 10 miles from downtown Birmingham, accessible via Interstate 459 and Highway 280, making it attractive to both corporate and leisure guests. The property's proximity to major attractions such as The Birmingham Zoo, the RTJ Golf Trail, and the University of Alabama Birmingham enhances its appeal as a premium-branded select-service hotel. The hotel has undergone significant renovations, ensuring minimal capital improvement needs for a new owner.
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Why It's Important?
The sale of Hilton Garden Inn Liberty Park presents a significant investment opportunity due to its strong brand affiliation and prime location. The hotel offers immediate, high-yielding cash flow potential, with the possibility of excellent cash-on-cash returns from the first year of ownership. The property's unencumbered status by management allows a new investor the flexibility to choose an operator, potentially increasing operational efficiencies and improving net cash flow. Additionally, the lack of debt on the property enables investors to capitalize on declining interest rates, maximizing potential returns. This sale could impact the local economy by attracting new business and leisure visitors to the area.
What's Next?
Potential investors may consider implementing targeted sales strategies and cost-saving measures to drive revenue per available room (RevPAR) and enhance the hotel's competitive position in the market. Interested parties can inquire at CBRE for further details and to explore the acquisition process. The new owner will have the opportunity to leverage Hilton's brand recognition and the Hilton Honors guest loyalty program to boost occupancy rates and customer satisfaction.
