Rodeway Inn East


Price:
$1,850,000

Address :
1051 Eastern Boulevard
Montgomery, AL 36117


  •  Tour Date: October 6, 2021 from 11:00AM-4:00PM. Contact Mumford Company for a tour appointment.
  •  Located at the high traffic interchange of Eastern Boulevard and Interstate 85
  •  Near the area’s many diverse demand generators including the state capital, regional hospitals, two major universities and military installations
  •  Operated by court appointed third party receiver
    View Map    View Aerial
  •  The City of Montgomery is the heart of a four-county metropolitan region that is home to 372,809 people.
  •  Located on the high traffic Eastern Boulevard interchange near Interstate 85
  •  2 Hour Drive South of Atlanta Airport
  •  Area’s convenient cluster of hotels to the area primary demand generators of: Alabama State Capital & State Government Offices, Maxwell Air Force Base & Alabama Air National Guard, Auburn University at Montgomery & Alabama State University, Two Major Hospitals, Hyundai Automotive Assembly Plant, Wind Creek Montgomery Casino
  •  Close to Regional Demand Generators:
    •  2.3 Miles to Auburn University at Montgomery
    •  3 Miles to Baptist Medical Center East
    •  3 Miles to Alabama State University and Football stadium
    •  3.8 Miles to The Shoppes at Eastchase
    •  6.3 Miles to Civil Rights Memorial and Center
    •  7 Miles to Riverwalk Stadium
    •  8 Miles to Montgomery Convention Center
    •  9 Miles to Maxwell Air Force Base
    •  40 Miles to Auburn University
    •  102 Miles to University of Alabama in Tuscaloosa, AL
  •  3 Buildings
  •  2 Stories
  •  Exterior Corridors
  •  Wood Frame Construction
  •  Stucco Facade
  •  Pitched Roof with Asphalt Shingles
  •  3 Bay Managers Apartment
  •  Asphalt Parking Lot – 96 Spaces
  •  102 Guest Rooms - Two-Bay Apartment Units with Kitchens Available
  •  Guest Laundry
  •  Outdoor Pool
  •  Wireless Internet
  •  ±1.87 Acres
  •  Built 1974
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2018
2019
2020
T-12Mos 7/21
Occupancy
50.9%
53.4%
31.6%
26.78%
Average Daily Rate
$42.42
$40.84
$43.01
$46.91
RevPar
$21.60
$21.80
$13.58
$12.56
Room Revenue
$803,998
$811,537
$506,991
$467,653
The property operated as a Motel 6 franchise until December, 2020; independently for the next 9 months, and affiliated with the Rodeway Inn franchise system in August, 2021.
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!