142 Library Dr | Houma, LA 70360
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142 Library Dr
Houma, LA 70360
Courtyard Houma · Hospitality Property For Sale · 134,704 SF
Investment Highlights
- Fee simple interest in this institutionally owned and third-party managed hotel offered at a substantial discount to replacement cost.
- Individually for sale and part of a larger seven asset Texas and Louisiana portfolio, allowing buyers to acquire multiple strong assets.
- This hotel continues to grossly outperform national occupancy, with the asset running approximately +80% occupancy over the trailing 12 months.
- Ability for qualified buyers to retain the Courtyard flag with a new long-term 15-year license upon completing minor deficiency items.
- The hotel features 4,500 square feet of meeting space and the seller has completed $1.6 million in renovations in recent years.
- Accessible to all core Houma-area demand generators, including Gulf Island Fabrication, Terrebonne General Medical Center, the airport, and more.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 134,704 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2010 |
| Lot Size | 3.65 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.65 AC |
| Building Size | 134,704 SF |
| No. Stories | 4 |
| Year Built | 2010 |
| Corridor | Interior |
Amenities
- Fitness Center
- Pool
- Restaurant
- Meeting Event Space
PROPERTY TAXES
| Parcel Number | 60647 | Improvements Assessment | $780,040 |
| Land Assessment | $78,790 | Total Assessment | $858,830 |
PROPERTY TAXES
Parcel Number
60647
Land Assessment
$78,790
Improvements Assessment
$780,040
Total Assessment
$858,830
zoning
| Zoning Code | C3 |
| C3 |
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