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		Property Name:	Independent Property
		Units:	61
		State:	AL
		List Price:	$3,200,000

Physical Features

Excellent Physical Plant

AAA Rating

Recent Renovations

Outdoor Pool

Discount to Replacement Cost

Fee Simple Interest In Land

Investment Considerations

Absentee Ownership

Excellent opportunity for a “hands-on” owner/operator to improve margins & operating results

Outdoor Pool

Strategically located to the area’s many demand generators (Belfont Nucular Plant)

Fee Simple Interest In Land

Property Overview

This 61-unit exterior corridor limited service Independent property is located just off a major highway in Alabama. The facility is a two-story structure consisting of 61 exterior corridor guest rooms. The property offers a new owner an excellent physical plant, spacious lobby and outdoor swimming pool, all of which is situated on +/- 3.0 acres of land. The property is located just +/- (3) miles from TVA “Belfont Nuclear Planet”.

Financials
	2007	2008	2009
ADR	$59.45	$68.30	$65.64
Occupany	69.28%	61.13%	42.82%
Room Revenue	$916,964	$932,102	$625,740

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