La Quinta Inn & Suites by Wyndham Morgan City | 2018 Allison St
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La Quinta Inn & Suites by Wyndham Morgan City 2018 Allison St
53 Room Hotel Morgan City, LA 70380 $3,300,000 ($62,264/Room)
Investment Highlights
- Rooms: 53, Interior Corridor, Year Built: 2008
- All Guest Rooms/Bathrooms have New Interior Paint
- New HVAC's All Guest Rooms,
- Lot Size: 1.45 acres, 2 Stories Hotel with an Elevator, New Exterior Paint has been Completed, All Guest Rooms have New LVT Flooring
- LED Lighting in All Guest Rooms, New Flat Screen TV's All Guest Rooms
- Close to all demand generators, Bank Financing Available
Executive Summary
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.
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.
Property Facts
| Price | $3,300,000 | Building Size | 27,000 SF |
| Price Per Room | $62,264 | No. Rooms | 53 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 2008 |
| Property Subtype | Hotel | Parking Ratio | 2.04/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.45 AC |
| Price | $3,300,000 |
| Price Per Room | $62,264 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.45 AC |
| Building Size | 27,000 SF |
| No. Rooms | 53 |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 2.04/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 13 | $130.00 | - |
| Guest Room | 40 | $110.00 | - |
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PROPERTY TAXES
| Parcel Number | 3284341353 | Improvements Assessment | $137,827 |
| Land Assessment | $19,100 | Total Assessment | $156,927 |
PROPERTY TAXES
Parcel Number
3284341353
Land Assessment
$19,100
Improvements Assessment
$137,827
Total Assessment
$156,927
zoning
| Zoning Code | C-2 (Commercial) |
| C-2 (Commercial) |
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La Quinta Inn & Suites by Wyndham Morgan City | 2018 Allison St
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