Marcus & Millichap Sells Spark By Hilton Birmingham Colonnade For $11 Million
4300 Colonnade Parkway
$11,000,000
Building Size
—
Asset Type
Hotel
Closing
Oct 16, 2025
AI
The property involved in this transaction is a hotel known as Spark by Hilton Birmingham Colonnade. It comprises 122 rooms and is situated at 4300 Colonnade Parkway in Birmingham, AL. The hotel occupies 2.3 acres and features amenities such as a lounge, indoor pool, and 24-hour fitness center. The sale price for this asset was $11,000,000 with a price per key of $90,164.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $11,000,000
- Address: 4300 Colonnade Parkway
- Market: Birmingham, AL
- Keys: 122
- PPK: $90,164
The transaction was facilitated by brokers Jack Davis, Joce Messinger, Joseph (Joe) Simpson, and Eric Webster from Marcus & Millichap. The deal took place on October 16, 2025, marking a significant addition to the local hospitality market.
Players
Birmingham Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93