2915 LA-14 - Hospitality FOR SALE


New Iberia, LA 70560
$3,300,000 USD
661-978-3109
2915 LA-14, New Iberia, LA for Sale
$3,300,000 USD
Hospitality - FOR SALE
1/26
null | 8.96% Cap Rate

2915 LA-14
New Iberia, LA 70560


HIGHLIGHTS

  • Priced to sell at $3,300,000
  • Historical Revenues Exceeding $1M
  • Capable of Generating Revenues Nearing $1.6M!
  • Massive Upside Potential with PIP Completion and New Management
  • 5,314 SQFT Meeting Space

OVERVIEW

Thank you for your interest in the 160-room Ramada located in New Iberia, Louisiana. * * Highlights & Location: *Amazing Price Per Key at $20K *Recent Interior and Exterior Renovations Completed *1700SQFT Newly Remodeled Residence On-Site Home * * Corporate/Top Employers: *Bristow Group Inc.: Bristow Group, an offshore helicopter transportation company, has a significant presence in New Iberia, providing employment opportunities in the aviation sector. *Iberia Medical Center: This healthcare facility provides a range of medical services and is a notable employer in the healthcare sector. *Acadian Ambulance: Acadian Ambulance is a large medical transportation and emergency services provider, offering job opportunities in healthcare and emergency response. *The Bayou Companies: This company specializes in pipe coating and insulation services for the oil and gas industry, contributing to employment opportunities in the energy sector. *Avery Island (McIlhenny Company): Avery Island is home to the McIlhenny Company, known for producing Tabasco hot sauce. Jobs related to the production and visitor experience are available here. *Halliburton: Halliburton, a global oilfield services company, has a presence in the region and may employ individuals in the energy sector. *Local Government: Various local government offices and agencies, including the city and parish government, offer public sector employment opportunities. * * Demand Generators: *Avery Island: Avery Island is famous for being the home of Tabasco hot sauce. Visitors can tour the Tabasco factory, explore beautiful gardens, and learn about the history of this iconic condiment. *Jungle Gardens: Located on Avery Island, Jungle Gardens is a lush botanical garden and wildlife sanctuary. It features scenic trails, exotic plants, and a variety of wildlife, including alligators and egrets. *Shadows-on-the-Teche: This historic plantation home is a National Historic Landmark. Visitors can take guided tours to learn about the history of the region and the plantation. *Bayou Teche: The Ramada New Iberia is situated near Bayou Teche, offering opportunities for scenic boat rides, fishing, and bird-watching. *Konriko Rice Mill and Store: This historic rice mill, located in New Iberia, offers tours where you can learn about the rice industry and even purchase locally-produced rice products. *Cajun and Creole Cuisine: New Iberia is known for its delicious Cajun and Creole cuisine. Visitors can explore local restaurants and savor dishes like gumbo, jambalaya, and crawfish étouffée. * * LOAN & FINANCING: This hotel will qualify for an SBA 7A and Conventional Financing. * * Louisiana Broker of Record:Brian Brockman   Bang Realty E: Bor@bangrealty.com LA DRE BROK.0995684990-ASA

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$51 USD /SF

# OF ROOMS

160

PRICE/ROOM

$20,625 {currency}

CAP RATE

8.96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ramada by Wyndham New Iberia

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1977

PARKING SPACES

240

LAND DETAILS

LAND ACRES

6.49 AC

LAND SF

282,704 SF

ZONING

C-4

APN/PARCEL ID

0502750646

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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