702 Florala Hwy Opp, AL 36467-3343

This 50-key OYO Hotel in Opp, Alabama, presents a compelling value-add investment opportunity. Located at 702 Florala Hwy (331S), this two-story, 1.59-acre property boasts 30 currently operational rooms, generating $216,437 in revenue in 2023. Built in 1960 and renovated in 2019, the hotel features three wings with roofs in good condition, minimizing immediate capital expenditure needs. Eight rooms are ready for renovation, primarily requiring the installation of televisions. Additional rooms were previously under renovation but were paused due to COVID-19 restrictions. An on-site, two-bedroom apartment with a family room, living room, and full bathroom provides convenient owner/manager accommodations. The flexible OYO contract allows for immediate cancellation, enabling rebranding or independent operation. Seller financing is available, offering flexible terms to fund renovations and marketing initiatives to increase occupancy and revenue. The property's location on a major highway ensures high visibility and convenient access for travelers, capitalizing on the region's demand for budget-friendly lodging. This represents a rare chance to acquire an income-producing asset with significant upside potential at an attractive price, suitable for both seasoned hotel operators and first-time investors seeking strong cash flow and long-term growth. The property's individual ownership and distressed sale condition further enhance its investment appeal.