5101 MESSER AIRPORT HWY Birmingham AL 35212-3030

146-Unit Extended Stay Asset | Airport Location | Full Kitchenettes | Birmingham AL

Marketing Description

146 Units | Full Kitchenettes | Airport Location | Extended Stay Operation

Property Description

HomeTowne Studios by Red Roof in Birmingham, AL is a 146-unit extended stay asset strategically located along Messer Airport Highway, just minutes from Birmingham-Shuttlesworth International Airport.​ The property is purpose-built for extended stay operations, featuring full in-unit kitchenettes and operational infrastructure already in place.​

The asset consists of exterior corridor units and includes full-size refrigerators, stovetops, and microwaves, supporting long-term tenancy and consistent occupancy.​ Additional amenities include on-site laundry, a swimming pool, restaurant, and airport shuttle service, providing a complete extended stay offering.​

Positioned just off I-20 and approximately one mile from the airport, the property benefits from strong demand drivers tied to airport traffic, logistics, and regional business travel.​ The airport serves over 3 million passengers annually, reinforcing steady lodging demand in the immediate submarket.​

Additionally, the property is located within close proximity to downtown Birmingham and major employment hubs, including the University of Alabama at Birmingham (UAB), one of the region’s largest employers and economic anchors.​

With its scale, location, and fully built-out extended stay design, this asset presents a stable operational opportunity with long-term income potential in a high-demand corridor.​

Investment Highlights

• ​146 Units
• ​Full Kitchenettes in All Units
• ​Exterior Corridor Layout
• ​Located ~1 Mile from Birmingham-Shuttlesworth International Airport
• ​Positioned off I-20 Corridor
• ​On-Site Laundry Facilities
• ​Swimming Pool
• ​Restaurant On-Site
• ​Airport Shuttle Service
• ​Proximity to UAB & Major Employment Centers
• ​Purpose-Built Extended Stay Asset
• ​Stable Operational Model

• ​146 Rooms
• ​Great Location
• ​Full Size Refrigerator
• ​Full Kitchenettes
• ​Breakfast Bar
• ​Restaurant on Site
• ​Swimming Pool

This is a 146 unit, 5 story, exterior corridor hotel located in Birmingham, AL less than 2 miles from the Birmingham-Shuttlesworth International Airport.

The hotel is poised for a strong position in the market as an extended stay hotel or multifamily apartment studios. The Seller's Pro forma revenues project to be $2,916,652 in Year 1, $3,408,301 in Year 2 and $4,050,594 in Year 3, with projected Net Income of $1,251,192 in Year 1, $1,514,296 in Year 2 and $1,819,233 in Year 3.

Complete renovations are ongoing and include all new electrical, plumbing, mechanical, fire alarm, drywall, flooring, paint, FF&E, public areas and much more, set to be completed by October 2024 and a certificate of occupancy date to follow thereafter The hotel features full kitchenettes in each room including a stove top, refrigerator, sink, and microwave. There is a separate building featuring a large meeting room / ballroom that could be converted to a restaurant for additional lease income.

It is unencumbered of brand, debt, and management with a variety of alternative brand options available for conversion including Suburban Studios (Choice), Select Suites (ESA), Studio 6 (G6), and others with Key Money Incentives for such a franchise license commitment. Inquire for PIP expectations and incentives.

Birmingham was ranked among the fastest growing cities in the nation for job growth in 2022 and one of the fastest growing cities for entrepreneurs by LinkedIn News. Developments at the nearby International Airport include new cargo facilities and service, with overall airport traffic increasing by 14% in 2023 per BHM. Coca-Cola announced plans to develop a $330M office & warehouse facility just over 1 mile from the hotel.

Steve Post is the CREXI account holder, the Listing Agent for this property is Tim Takao (AL 000165412-0); Please contact Tim Takao with any inquiries at [email protected], (818) 851-3314

• 146 Rooms

• 5 Story Concrete Construction Hotel

• Seller is Developer and Not an Operator, Highly Motivated to Sell Prior to Opening - ALL Offers Encouraged for Buyers with at least 20% Down

• Completely Renovated: New Electrical, Plumbing, Mechanical, Fire Alarm, Drywall, Flooring, Paint, FF&E, and More. Certificate of Occupancy Date Expected February 2025

• Total Cost of CapEx Completed: $4,538,000

• Brand New Kitchenettes in Each Room including Stove Top, Refrigerator, Sink, and Microwave

• Pro Forma Revenues of $2,916,652 in Year 1 and $3,408,301 in Year 2, and Net Income of $1,251,192 in Year 1 and $1,514,296 in Year 2

• Several Flags Available with Potential Key Money Incentives, including Studio 6 (G6)

• Zoned for Hospitality or Multifamily Apartments

• Located 2 Minutes from Birmingham-Shuttlesworth International Airport (BHM) with Excellent Access to Interstate 20 and 59

• High Growth Area - Birmingham Ranks among the Fastest Growing Cities in the Nation for Job Growth and for Entrepreneurs