811 Old Grants Ml Rd Irondale, AL 35210-1233

This exceptional 99-room Holiday Inn Express & Suites in Birmingham, Alabama, presents a compelling investment opportunity. Located off Interstate-20, near Birmingham-Shuttlesworth International Airport, the Birmingham Zoo, and the Birmingham Race Course Casino, this four-story, limited-service hotel boasts a prime location with high visibility and convenient access to major transportation routes. The property, built in 2002, underwent extensive renovations in 2024, totaling approximately $2,300,000, to meet the Formula Blue Property Improvement Plan (PIP) standards, completed in early May 2023. A significant four-year lodging contract, signed October 1, 2023, is projected to generate an additional $700,000 in annual revenue. The hotel features an interior corridor and benefits from high daily traffic counts on Old Grants Mill Road (approximately 27,600 vehicles). Its established location in a growing market, coupled with the highly desirable Holiday Inn Express brand, offers investors substantial potential for increased profitability through focused management and marketing strategies. The property's APN is 23-00-24-4-004-006.001 and is zoned for Commercial - Hotels/Motels. The asking price is $12,000,000.