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4300 Colonnade Parkway

Marcus & Millichap Sells Spark By Hilton Birmingham Colonnade For $11 Million
SOLDHotel

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

Jack Davis

Marcus & Millichap

Broker

$100.9M

vol

7 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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