Property profile

492 Wildwood Cir Homewood, AL 35209

OFF-MARKET
Hospitality properties
Property ID
US03-1007954
2.94 ac lot Built 2008
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Hospitality properties
Year built 2008
Lot 2.94 ac (128,066 SF)
UPID US03-1007954

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

492 Wildwood Cir Homewood, AL 35209
Homewood metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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