Holiday Inn Mobile Downtown Historic District
Hospitality | 206 Keys
Marketing description
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 206-room Holiday Inn located in Mobile, Alabama. The property is a 17-story, full-service, fully-renovated hotel that is directly off of Government Street, and within close proximity to Interstate-10, providing ease of access to commuters along/near some of Mobile’s main thoroughfares/expressways. This is a rare opportunity to acquire a sizable, well-established hotel in the heart of Mobile’s vibrant historic district. The prime location is just steps from the city’s business, entertainment, and cultural attractions, strategically positioning the property to capture both corporate and leisure demand. The Holiday Inn Mobile Downtown Historic District offers investors the opportunity to acquire a recently renovated, 206-room property in a highly established and growing market with strong brand affiliation, walkable downtown setting, and close proximity to major event venues and cruise terminals.
Investment highlights
Property features a unique 17th-floor SkyView Lounge that offers panoramic views of Mobile Bay and the downtown skyline, enhancing the guest experience.
Situated in Mobile’s Government and Entertainment District, the property provides guests with convenient access to major attractions such as the Mobile Carnival Museum, GulfQuest Maritime Museum, and the Mobile Convention Center.
Approximately $6,500,000 spent on guest room renovations between 2021 and 2023.
Common areas, SkyView Lounge, Lafayette Restaurant, and Meeting Space renovations expected to be completed in Q1 2026.
Minimal change of ownership PIP cost expected for new buyer.
15-Year IHG franchise agreement executed in June 2022.
Opportunity to earn additional streams of revenue through the following leases:
Mobile Sports Authority, Inc | Month to Month
J. Maurice Salon & Co | Year to Year
2nd Floor Rental Space (Not Public) | Month to Month
Multiple new and upcoming developments in the nearby area (See pages 42-43):
Mobile Arena
Mobile Bay Bridge
Brookley by the Bay Waterfront
Mobile International Airport
Its proximity to the Mobile Alabama Cruise Terminal and major highways like I-10 and I-165 enhances its appeal to both leisure and business travelers.
Property features approximately 9,255 square feet of versatile meeting and event space, making the hotel well-equipped to host conferences, weddings, and social gatherings.
Opportunity to increase RevPAR to competitive set standards and exceed performance of competition through strong, hands-on management and increased marketing.
Holiday Inn by IHG is a highly desirable flag by both investors and consumers alike.
Located directly off of Government Street and within close proximity to Interstate-10, SpringHill Avenue, North Broad Street, and Beauregard Street, providing ease of access and displaying excellent signage to commuters.
The section of Government Street closest to the property has an Average Annual Daily Traffic (AADT) count of approximately 22,000 vehicles per day.
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