1606 W Pinhook Rd | Lafayette, LA 70508
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1606 W Pinhook Rd
Lafayette, LA 70508
Fairfield Inn & Suites Lafayette South · Hospitality Property For Sale · 48,948 SF
Investment Highlights
- Fee simple interest in the 2007 built, 81-room Fairfield Inn & Suites Lafayette South offered at a substantial discount to replacement cost
- Third-party managed hotel with significant upside for a perspective buyer to complete deferred maintenance and transition to an owner/operator model
- Unencumbered of management and debt with the ability to retain the Marriott flag for a long-term license upon completion of the change-of-owneship PIP
- Strong in-place positive cash flow will allow for buyers to generate immediate walk-in yield
- Asset recovery well underway with current T12 occupancy of +70%
- Readily accessible via US Route 90 with approximately 62,000 vehicles passing the location daily
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2007/2019 |
| Building Class | B | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 1.86 AC | Corridor | Interior |
| Building Size | 48,948 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.86 AC |
| Building Size | 48,948 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2007/2019 |
| Parking Ratio | 1.43/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 6092058 | Improvements Assessment | $469,847 |
| Land Assessment | $52,635 | Total Assessment | $522,482 |
PROPERTY TAXES
Parcel Number
6092058
Land Assessment
$52,635
Improvements Assessment
$469,847
Total Assessment
$522,482
zoning
| Zoning Code | CH (Commercial Heavy) |
| CH (Commercial Heavy) |
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