OVERVIEW

The Cushman & Wakefield Hotel Group has been retained to offer for sale the fee simple interest in the 99-room Holiday Inn Express & Suites Irondale East located in Birmingham, Alabama. The property is a four-story, limited-service hotel located directly off of Interstate-20 and a short drive to the Birmingham-Shuttlesworth International Airport, the Birmingham Zoo, and the Birmingham Race Course Casino. The property is currently undergoing extensive renovations to complete the up-to-date Formula Blue Property Improvement Plan (PIP). THIS PIP IS EXPECTED TO BE COMPLETED IN EARLY MAY 2023 AND PROPERTY WILL BE DELIVERED TO FORMULA BLUE STANDARDS. Additionally, at the beginning of October 2023, a sizable, four-year lodging contract was signed and is expected to bring roughly $700,000 in revenue to the hotel in excess of existing revenue. The Holiday Inn Express & Suites offers investors the opportunity to acquire a 99-room property with a highly desirable brand in an established and growing market with potential to scale up operations through hands-on management and a focused marketing effort. OTHER HOTELS IN PORTFOLIO INCLUDE Holiday Inn Express & Suites Birmingham Irondale East, AL Wingate by Wyndham Valdosta Moody Air Force Base, GA Comfort Inn & Suites Biloxi-D’Iberville, MS Wingate by Wyndham Hattiesburg, MS ALL HOTELS IN THE EMPIRE LODGING SOUTHEAST FOUR-HOTEL PORTFOLIO CAN BE PURCHASED TOGETHER OR SEPARATE