3593 Ross Clark Cir

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    Description

    Bellator Commercial Hospitality Group is pleased to be the exclusive representative of The La Quinta Inn & Suites located in Dothan, AL. This is a 122 room, interior corridor hotel offered at $85,000 a room or $10,370,000. The hotel was built in 1990 and renovated in 2008. The building is constructed of Concrete Masonry Unit (CMU) and poured in place concrete for interior and exterior walls.

    The La Quinta Inn & Suites has had an increasing gross revenue over the past 3 years. The gross revenue is currently trending much higher in 2015 over 2014. The gross revenue is expected to be over $2,400,000 for 2015.

    This limited-service La Quinta offers guests comfortable rooms with modern amenities. Amenities include an outdoor pool, fitness room, complimentary breakfast, and a guest patio with grill. Conveniently located at the junction of US HWY 84, US HWY 231, and US HWY 431. Located within walking distance of retail and restaurants.

    Dothan, Alabama is a transient market located in Southwest Alabama. The area services many business travelers coming to the area as well as pleasure travelers passing through on the way to Florida Gulf Coast.

    Highlights

    • Projected 2015 Gross Revenue Over $2,400,000
    • Projected 2015 Cap Rate Approximately 11%
    • 122 Room – Interior Corridor
    • Fitness Room, Meeting Space, Outdoor Pool
    • Walking Distance of Restaurants
    • Great Visibility from Highway on a Corner

    Room Mix Information

    Description No. Rooms
    Double Room 92
    King Room 17
    Queen Suite 6
    King Suite 7

    Financial Summary (Actual)

    Net Operating Income $854,488