63-Room Hotel Indigo in Birmingham, AL

Investment Overview

This property is a 63-room, 9-story Hotel Indigo (IHG Hotels & Resorts, Upper Upscale) located at 1023 20th St in the walkable Five Points South submarket of downtown Birmingham, AL, adjacent to UAB (University of Alabama at Birmingham). Originally built in 1931 and currently being renovated, the masonry building includes 5,354 SF of ground-floor retail leased to local restaurant and service tenants.

Investment Highlights

• - 63-key Hotel Indigo (IHG) — Upper Upscale, 4-star rated, in an Opportunity Zone
• - Adjacent to UAB & downtown demand generators; suited for up-branding or redevelopment
• - 2025 taxes of $716.19/room
• - Amenities include fitness center, business center, on-site bar/restaurant and 438 SF meeting space