2125 Memorial Blvd - Hospitality FOR SALE


New Roads, LA 70760
$5,100,000 USD
661-978-3109
2125 Memorial Blvd, New Roads, LA for Sale
$5,100,000 USD
Hospitality - FOR SALE
1/18
null | 7.56% Cap Rate

2125 Memorial Blvd
New Roads, LA 70760


HIGHLIGHTS

  • Huge Upside: Recently rebranded (Opened October 30th 2024)
  • Strong Market with Limited Competition with Steady Growth in the Economy
  • High Cash Flow with Owner Managed Operations
  • 2017 Built Excellent Condition with Minimal PIP
  • Tremendous Revenue Upside with Market Leader Potential. (Projected $1,400,000 PLUS)

OVERVIEW

HIGHLIGHTS AND LOCATIONNew Roads Louisiana located 2 hours from New Orleans best known as the "Little Carnival Capital" of Louisiana, New Roads has hosted Mardi Gras festivities since 1881, drawing numerous visitors annually and selling out nearby hotels in the area. New Roads Louisiana has a combination of both leisure and business travel with steady demand throughout the year offering easy access to Baton Rouge Metropolitan Airport (State Capital)  (BTR), situated about 20.7 miles southeast of New Roads. * * * DEMAND GENERATORS:  *Southern University and A&M College *French Quarter (New Orleans, 10M+ visitors annually): *Louisiana State University (Baton Rouge, 1M+ visitors annually): *Industrial Fabrics | Wilco Industrial Services *This 15-mile oxbow lake( fishing, boating, and water-skiing, attracting outdoor enthusiast) *Very Popular Plantation Estates *Julien Poydras Museum and Arts Center     This hotel will qualify for a SBA 7A, & SBA 504 loan or a conventional loan with approximately 20-25% down. * * LA BROKER OF RECORD: Brian Brockman   Bor@bangrealty.com LA BROK.0995684990-ASA Bang Realty, Inc

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$139 USD /SF

# OF ROOMS

62

PRICE/ROOM

$82,258 {currency}

CAP RATE

7.56%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wyndham Garden New Roads, False River, LA

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2017

PARKING SPACES

94

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

Hospitality

APN/PARCEL ID

00744800B

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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