492 Wildwood Cir Homewood, AL 35209

Property Details for 492 Wildwood Cir

Year built

2008

Lot size

2.94 lot acres

Property type

Hotels

Description

This exceptional 108-key Four Points by Sheraton hotel, built in 2008 and renovated in 2020, presents a significant investment opportunity in Homewood, Alabama. Located on a 2.94-acre lot at 492 Wildwood Cir N, 35209, this five-story hotel benefits from a fee-simple ownership structure, offering complete operational control to the new owner. The property is strategically situated near major corporate centers, including Wells Fargo, Buffalo Rock Company, Kratos SRE, Evonik Corporation, and T-Mobile, ensuring a consistent stream of business travelers. Its proximity to Birmingham's vibrant cultural attractions, including the Birmingham Civil Rights Institute, Red Mountain Park, and the Robert Trent Jones Golf Trail, further enhances its appeal to a diverse range of guests. While the current RevPAR lags the competitive set, a completed property improvement plan (PIP) – estimated to be minimal given recent investments of approximately $300,000 since 2022 – coupled with improved revenue management and cost control strategies, promises substantial increases in cash flow. The Marriott brand affiliation provides a strong foundation for attracting new business and maximizing occupancy rates. This presents a unique chance to acquire a well-located hotel with significant upside potential in a thriving business and leisure market. The hotel is unencumbered by management agreements, allowing for immediate implementation of operational improvements and strategic initiatives to enhance profitability.