Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Courtyard Montgomery, a three-story, franchised hotel located in Montgomery, Alabama's historic state capital. The hotel offers amenities including The Bistro onsite restaurant, a seasonal outdoor pool, fitness center, outdoor patio with firepit, and The Market sundry shop. Business amenities include a business center and 1,248 square feet of meeting space. The Courtyard Montgomery is located just 6 miles east of Downtown Montgomery, off of Interstate 85 and U.S. Route 231. The area offers several popular tourist attractions, including the Alabama State Capitol, Riverwalk Stadium & Amphitheater, Montgomery Zoo, Wind Creek Casino, and tens of historical sites from the American Civil Rights Movement. Blount Cultural Park is located one mile from the property and features the Alabama Shakespeare Festival (among the 10 largest Shakespeare Festivals in the world) and the Montgomery Museum of Fine Arts, which sees more than 160,000 visitors per year. Auburn University at Montgomery, ASU, Maxwell Air Force Base, and several medical centers are also located within 10 miles of the hotel. The Courtyard Montgomery represents the opportunity to acquire an upscale, franchised hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes the asset will benefit from Property Improvement Plan (PIP) and continued modest growth supported by the increasing population and demand growth in the Montgomery region.