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Classic Auction - Hospitality

REO | Best Western Plus Daphne Inn & Suites

8931 Sawwood Street, Spanish Fort, AL 36527

  • Asset Type
  • Real Estate
  • Property Type
  • Hospitality
  • Land Area
  • 2.62 Acres
  • Year Built
  • 2008
  • Number of Floors
  • 3
  • Parking Count
  • 75
  • Hospitality Type
  • Limited Service
  • Number of Rooms
  • 65 Rooms

Exceptional Value-Add Opportunity | Poised for Continued Growth

Investment Highlights

  • Exceptional Value-Add Opportunity to Acquire a Lender-Owned Property: Well located within the Daphne market and nearby downtown Mobile, the Hotel is significantly outpacing budget and on track to outperform peak historical performance
  • The Property recently completed a major renovation exceeding Best Western brand requirements
  • Drive-To Fundamentals:  The Hotel increasingly benefits from business travelers seeking alternatives to boarding airlines
  • Daphne and Spanish Fort Growth Prospects: Job growth in the Daphne/Spanish Fort market increased by 2.4% between 2018 and 2019, and forecasted job growth is expected to be among the fastest in the country
  • Proximate to Mobile AL Demand Drivers: Mobile is less than 15 minutes from the Hotel, as are its port and major industries including shipbuilding, logisticsort facilities and auto plants
  • Significant Discount to Replacement Cost: Remarkable opportunity to acquire the Hotel at a significant discount well below the cost of new construction


Investment Summary

JLL’s Hotels & Hospitality Group, in conjunction with RealINSIGHT Marketplace, is pleased to offer for sale the fee simple interest in the 65-room Best Western Plus Daphne Inn & Suites (the “Hotel” or “Property”). Located along the I-10 corridor, the Property has excellent access to downtown Mobile and the Gulf Shores beaches, and is adjacent to a major retail center along Eastern Shore Boulevard. The Hotel is directly across Highway 181 from the Eastern Shore Lifestyle Retail Centre which features a multitude of retail, restaurant, Arts & Entertainment concepts, and is in close proximity to TimberCreek Golf Club, Lake Forest Gulf Club and the RockCreek Golf Club.

The Hotel is well-located within the Daphne market, just minutes from Mobile, and sits adjacent to the I-10/Highway 98 intersection and a short drive to the amenities of Fairhope. The Property supports tourism to the Village of Fairhope as well as the historic Grand Hotel Resort & Spa and affiliated Lakewood Golf Course.   Spanish Fort is seeing an increase in residents as people are spreading toward the suburbs for new schools and growing economic opportunities.  Daphne and Spanish Fort’s proximity to Fairhope attracts travelers and residents alike, as people want to be near the amenities of Fairhope without the cost of living of this affluent area. 

Tours

Property tours are available Wednesday, Sept. 1st and Thursday, Sept. 9th. Please contact the JLL Team to schedule a tour. 

SBA Financing Available

  • Up to 80% LTV or the SBA 7a maximum
  • 25-year loan adjusted quarterly (Prime +1.0% - 2.0%)
  • 25 year Amortization
  • Assumble Loan
  • 60 days or less closing
  • Terms above subject to lender review and approval

Please contact Dave Shah for further information:

Dave Shah
Managing Director
Pineapple Capital Group
Email: dave@pineapplecapitalgroup.com
Ph: (850) 960-5500
3324 Peachtree Rd NE
Atlanta, GA 30326

www.PineappleCapitalGroup.com

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • John Mickey Fowler

    c/o Fisher Auction Company Inc.

    License: ALSL466