Candlewood Suites — Sale in Birmingham, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Birmingham, AL 35209

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Description

Marcus & Millichap is pleased to present the opportunity to acquire the 127-room Candlewood Suites, a newly renovated and converted extended-stay hotel strategically located in Bir mingham, Alabama. The subject property is scheduled to open in October 2026 following a comprehensive renovation including upgraded guestrooms, common areas, new FF&E, and completed exterior and site impr ovements. Ideally positioned just off Interstate 65 at Lakeshore Parkway within the established Wildwood / State Farm Parkway commercial corridor, the property benefits from excellent regional connectivity and convenient access to Downtown Birmingham, Homewood, and Hoover. The hotel is well positioned to capture demand generated by Birmingham's robust healthcare sector, nearby corporate and industrial employment centers, Samford University, and a diverse base of project-related and extended-stay travelers. Backed by IHG's global reservation platform and loyalty network, the asset offers an attractive opportunity to acquire a substantially renovated, nationally branded extended-stay hotel in the early stages of stabilization within one of Birmingham's established commercial corridors. Investment Highlights: • The hotel is set to open in October 2026 and will enter the market in the early stages of stabilization following its conversion, providing meaningful opportunity • Ideally positioned within Homewood's established Wildwood / State Farm Parkway commercial corridor, the property benefits from immediate access to I-65 • Located approximately 5 miles from UAB, a major academic, research, and healthcare institution with 20,000+ students and tens of thousands of employees • The Candlewood Suites affiliation provides access to IHG's global reservation platform, extensive distribution network,while introducing a nationally recognized extended-stay product to the property • Samford University is a nationally recognized private university located in Homewood with more than 6,300 students, inc

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