Project Description

The Hotel Indigo Tuscaloosa represents an ideal value add acquisition of the only lifestyle hotel in the Tuscaloosa sub-market. The hotel was constructed in 2016 and currently contains 101 Keys, 10 of which are part of a newly delivered annex. The hotel amenities include a business center, fitness center, rooftop-bar, and unparalleled views of the Black Warrior River and downtown Tuscaloosa. The property is well located in downtown Tuscaloosa which has sustainable and diverse demand generators. Acquired below replacement cost, the asset should prove to be a positive investment for all stakeholders.

LOCATION: Tuscaloosa, Alabama

YEAR BUILT: 2016

NUMBER OF ROOMS: 101

AQUISTION DATE: August 2019

PROJECTED IRR: 19%

PROJECTED EQUITY MULTIPLE: 2.02

BUSINESS PLAN: Management Realignment