290-key six-story concrete and steel frame building, in a U-shaped courtyard
Guestrooms and suites are oversized at an average of ±356 SF
Over 13,000 SF of meeting space and two retail food and/or beverage outlets to be leased out or operated inhouse, located in a single-story commercial building
Currently gutted with systems in place
CM (Commercial Heavy) is a comprehensive and broad zoning and favorable to multifamily conversions
Strong labor market
Architectural plans for a multifamily conversion may be available upon request
Potential seller financing available for qualified purchaser for purchase and renovation
Branding flexibility presenting a potential redevelopment opportunity
Priced well below replacement
Lafayette has shown interest in converting similar properties to apartments
Extra parking that can be converted into a standalone retail pad
Some FFE and drywall retained from interior demo that can potentially be used in a multifamily conversion or sold in a hotel conversion
Bull Realty LA License #0995682852