Expanding upon their business ventures in the Yellowhammer State, Nick and Terry Saban are backing an upscale hotel in the heart of Tuscaloosa.

The Alamite, a 112-room Tribute Portfolio boutique hotel set to open Friday, is a five-minute drive from Bryant-Denny Stadium. Tribute Portfolio is a Marriott brand.

In the center of Tuscaloosa’s commercial and retail district, the Saban-backed hotel features a French steakhouse as well as a rooftop bar and grill.

“The Alamite showcases the city’s heritage through an appreciation for its varied landscape, the stories of its residents, and its reputation as a center of industry and commerce,” the Marriott hotel’s website reads.

Take an exclusive first look inside The Alamite, a 112-room boutique hotel backed by the king and queen of Alabama football, Nick and Terry Saban, which is set to open in downtown Tuscaloosa next week. https://t.co/k2hxZhAXwS pic.twitter.com/roCwBbOhdl

— Tuscaloosa Thread (@TCLThread) September 7, 2022

According to the Crimson Tide head coach, Tuscaloosa is set to reap great economic benefits from the hotel’s presence.

“Terry and I are excited to be a part of the ownership group for The Alamite,” said Saban. “Not only will this investment benefit our local economy, but it also represents a new standard for design and comfort in downtown Tuscaloosa.”

Design elements, according to the hotel’s website, “are sophisticated with an authentically local vibe with a nod to the past while looking to the future.”

Other business interests the Sabans hold include a four-unit condo across the river from the university, The Wall Street Journal reported in 2016. They are also investors in a Tuscaloosa residential subdivision. Additionally, the couple are co-owners of two Birmingham area Mercedes-Benz dealerships.

Terry Saban is also an owner and landlord of an apartment complex near campus.

Dylan Smith is the editor of Yellowhammer News. You can follow him on Twitter @DylanSmithAL