Days Inn Hammond 2150 SW Railroad Ave

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Days Inn by Wyndham Hammond (‘Hotel’ or ‘Property’) located in Hammond, Louisiana. The Wyndham Hotels & Resorts- branded Hotel is offered at $2,600,000 or $41,935 per key.
The Days Inn by Wyndham Hammond is a 62-room, two-story Hotel located at 2150 SW Railroad Avenue in Hammond, LA. The Property is located near Interstate 12, off US Highway 51 which sees over 18,000 vehicles as annual average daily traffic. Various common area amenities at the Property include an outdoor pool and breakfast area.
Hammond, situated in the Hammond Metropolitan Statistical Area (MSA) encompassing Tangipahoa Parish, offers a strategically advantageous location between Louisiana's major cities of Baton Rouge and New Orleans. This positioning, approximately 55 miles from New Orleans and 45 miles from Baton Rouge, provides easy access to the economic and cultural opportunities of these metropolitan areas while establishing Hammond as a distinct regional hub. Hammond is served by Louis Armstrong New Orleans International Airport, just over 40 miles from the property, which serves between 5 and 15 million passengers annually. With its connectivity via Interstate 12 and U.S. Highway 190, Hammond is a critical link in regional commerce, benefiting from the economic spillover of its larger neighbors. The area is also well-connected to Jackson, Mississippi (125 miles), Mobile, Alabama (150 miles), and the Texas border near Beaumont (210 miles), further enhancing its accessibility.
Hammond presents a compelling opportunity for hotel investment, supported by its dynamic economic and educational landscape. Southeastern Louisiana University (SELU), located less than three miles from the property, is a major educational institution and the city's largest employer, with approximately 1,400 employees and an enrollment of around 14,000 students. SELU's broad range of undergraduate and graduate programs drives consistent demand for housing, retail, and hospitality services.
The property benefits from proximity to key regional assets, including North Oaks Medical Center, just 1.2 miles away. This leading healthcare provider, with over 300 beds and more than 2,500 employees, plays a crucial role in the local economy. Neill Corporation, located 1.9 miles from the property, further bolsters the area's economic vitality as a major distributor of Aveda products, employing several hundred people.
Additionally, Hammond serves as a regional retail hub with prominent shopping destinations such as Hammond Square, only 0.5 miles away. This expansive open-air retail center spans over 900,000 square feet and features more than 40 local and national retailers, along with a diverse selection of dining options and entertainment venues.
The property's investment potential is further enhanced by its proximity to premier sports facilities. Pat Kenelly Diamond at Alumni Field, 2.8 miles away, is a top baseball venue with a capacity of approximately 2,000 spectators, part of Southeastern Louisiana University’s athletic complex. The University Center, 3.5 miles from the property, is a 7,500-seat multi-purpose arena serving the university's basketball and volleyball teams. Strawberry Stadium, 3.0 miles away, with over 7,000 seats, hosts Southeastern Louisiana Lions football and track and field events.
Nearby recreational and cultural attractions include the North Oak Park Complex, 3.8 miles away, featuring 41 acres of amenities such as softball fields, playgrounds, and splash pads. The Louisiana Strawberry Festival in Ponchatoula, less than 5 miles from the property, is a major annual event attracting approximately 300,000 visitors with its live performances and parade. Kielbert & Son’s Gator Tours, 4.5 miles away, offers unique wildlife experiences. Downtown Hammond, just 2.1 miles from the property, features over 250 locally owned businesses, including more than 20 retailers, 30 dining establishments, bars, coffee shops, and a range of cultural experiences. This diverse array of nearby attractions and amenities supports a vibrant local economy and enhances the property's potential for high occupancy and strong investment returns.
The Hotel achieved an average RevPAR penetration index of 109 percent from year-end 2021 to July 2024, with projections to exceed 111 percent over the next 5 years. This presents significant advantages for buyers, including increased room revenues, capital for renovations, and operational benefits like improved cash flow and economies of scale.
BROKER OF RECORD
Steve Greer
Louisiana
P: (225) 376-6800
Lic #: LA BROK.995710346-ACT