A Holiday Inn located in Downtown Mobile was listed for sale late last year by Cushman & Wakefield, a Florida-based commercial real estate company.
The building, located at 301 Government Street, is a recognizable fixture of Mobile’s skyline thanks in part to its cylindrical shape.
With an asking price of $14 million, the listing offers the opportunity to “acquire a sizable, well-established hotel in the heart of Mobile’s vibrant historic district,” the listing says.
Some quick facts about the property:
- 206 rooms
- 17 stories
- ~ $6.5 million spent on renovations between 2021-2023
- 15-year InterContinental Hotels Group (IHG) franchise agreement executed in June 2022
- 9,255 square feet of meeting and event space
- 17,906 total square footage
- 1.68 acres
The listing also mentions new-and-upcoming developments nearby, including:…