Clarion Inn & Suites


Price:
$3,550,000

[Currently Under Agreement]

Address :
2195 Ross Clark Cir
Dothan, AL 36301


  •  The hotel is located on a major intersection in the major population center for Southeast Alabama
  •  One hour drive north of Panama City Beach
  •  4.9 Acres of Land with great frontage and access
  •  Property is in good condition and will be able to continue operating as a Choice franchise
  •  The hotel has limited competition in this section of the market, but is one of the most convenient hotels to the numerous demand generators.
  •  Choice Hotels is expected to grant a standard Clarion Inn & Suites license agreement upon the completion of a Product Improvement Plan (PIP)
    View Map    View Aerial
  •  Dothan serves as the commercial and transportation hub for southeastern Alabama, southwestern Georgia, and nearby portions of the Florida Panhandle.
  •  Convenient stop for Florida-bound travelers on US 231
  •  Close to Regional Demand Generators, Including...
    •  0.9 Miles to James Oates Sports Complex
    •  2.4 Miles to Dothan City Civic Center
    •  3.3 Miles to Southeast Alabama Medical Center
    •  3.4 Miles to Dothan National Fairgrounds, home of the National Peanut Festival
    •  5.1 Miles to Alabama College of Osteopathic Medicine
    •  19.0 Miles to Farley Nuclear Power Plant
    •  26 Miles to Fort Rucker
  •  143 Rooms
  •  Restaurant
  •  Lounge
  •  Meeting Space (3,256 Square Feet)
  •  Business Center
  •  Guest Laundry
  •  Exercise Room
  •  Recreational Courtyard with Pool
  •  2 Stories
  •  Exterior Corridor
  •  Concrete Block Structure
  •  EIFS Facade
  •  Flat Roof
  •  Asphalt Parking Lot - 303 Spaces
Financials
2014
2015
2016
T-12Mo 10/17
Occupancy
51.54%
60.00%
55.37%
50.92%
Average Daily Rate
$54.31
$53.77
$52.13
$53.47
Room Revenue
$1,460,923
$1,683,398
$1,510,490
$1,420,978
Total Revenues
$2,210,084
$2,446,064
$2,311,405
N/A
Net Operating Income
$152,673
$315,178
$143,786
N/A
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!