Suburban Studios Berwick - Morgan City 2033 Highway 90 78 Room Hotel Berwick, LA 70342 For Sale
INVESTMENT HIGHLIGHTS
- The property has recently been renovated by the current owner and will likely have a very small PIP.
- Morgan City is now in its design and construction phase of its $30 million Ports West Dock Expansion Project.
- The current owner is out-of-state and operating the hotel absentee. This project has strong upside potential for a more hands-on owner to cut costs.
EXECUTIVE SUMMARY
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the Suburban Studio in Morgan City, Louisiana. The property is located off Highway 90, just less than five miles from both South Central Louisiana Technical College and the Cajun Coast Convention Bureau. Morgan City is located 1 hour southwest of Lafayette, LA and 1 and a half hours east of New Orleans.
PROPERTY FACTS
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.23 AC |
| Building Size | 43,061 SF |
| No. Rooms | 78 |
| No. Stories | 3 |
| Year Built/Renovated | 2009/2022 |
| Parking Ratio | 2.15/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 78 | $134.00 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $190,500 | |
| Land Assessment | $32,436 | Total Assessment | $222,936 |
