2018 Allison St - Hospitality FOR SALE


Morgan City, LA 70380
$3,100,000 USD
404-398-2090
2018 Allison St, Morgan City, LA for Sale
$3,100,000 USD
Hospitality - FOR SALE
1/73
null | Request Cap Rate

2018 Allison St
Morgan City, LA 70380


HIGHLIGHTS

  • Rooms: 53, Interior Corridor, Year Built: 2008
  • Lot Size: 1.45 acres, 2 Stories Hotel with an Elevator, New Exterior Paint has been Completed, All Guest Rooms have New LVT Flooring
  • All Guest Rooms/Bathrooms have New Interior Paint
  • LED Lighting in All Guest Rooms, New Flat Screen TV's All Guest Rooms
  • New HVAC's All Guest Rooms,
  • Close to all demand generators, Bank Financing Available

OVERVIEW

2008 Built, 53 Rooms Interior Corridor Hotel. Offered Well Below Replacement Cost. Absentee Owner Seller. Perfect for Owner Operator. This property offers upside potential with more hands-on management and direct sales efforts, who will take the opportunity to continue to drive top line revenue while remaining focused on improving operational inefficiencies and achieving stronger bottom-line flow through. Located just off scenic Highway 90.Plenty of Restaurants located just around the corner from the Hotel. The hotel is located just around the corner from a number of area companies and businesses, including Teche Regional Medical, McDermott International, and Conrad Industries. Dozens of eateries are also conveniently located within a few minutes of the hotel. Mix of activities within minutes of the hotel, including shopping and tours of the beautiful Cajun Coast. Location Highlights: 1. Proximity to Industrial Areas - Morgan City is a hub for oil and gas industries, with close proximity to major companies like Halliburton (2 miles), Oceaneering (1 mile), and Baker Hughes (2 miles) 2. Access to Outdoor Recreation - Atchafalaya Basin (95 miles), known for its vast wetlands, the Atchafalaya Basin is nearby. Lake End Park (3 miles), a short drive away3 3. Cultural and Historical Sites - International Petroleum Museum & Exposition (2 miles), Morgan City is known as the birthplace of offshore drilling. Cajun Coast Scenic Byway (less than a mile) 4. Easy Highway Access - located near US Highway 90, providing easy access to nearby cities like New Orleans (85 miles away) and Lafayette (70 miles away). 5. Dining and Shopping - nearby local restaurants like Cajun restaurants, seafood dining, and fast food options are within driving distance. Local shopping areas are conveniently located, including groceries and retail stores. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$115 USD /SF

# OF ROOMS

53

PRICE/ROOM

$58,491 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn & Suites by Wyndham Morgan City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

C-2

APN/PARCEL ID

3284341353

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.