Deluxe Inn | 221 S Preston St
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Deluxe Inn 221 S Preston St
28 Room Hotel Marksville, LA 71351 $599,000 ($21,393/Room) 9.24% Cap Rate
Executive Summary
Marksville, Louisiana, has experienced notable economic growth and an increase in employment opportunities in recent years. A significant development is the $1.6 million grant awarded by the U.S. Economic Development Administration to the Tunica-Biloxi Tribe of Louisiana. This funding is designated for constructing a multi-enterprise manufacturing facility in Marksville, aiming to bolster the local manufacturing sector and generate new jobs.
The local job market reflects this positive trend, with approximately 2,300 positions available in Marksville, as listed on Indeed.com. These opportunities span various sectors, including sales, healthcare, and food service, indicating a diverse and expanding employment landscape.
Economic indicators further underscore this growth. Between 2021 and 2022, Marksville's median household income rose by 30.4%, from $25,786 to $33,635. This substantial increase suggests an improving standard of living for residents.
Additionally, the Tunica-Biloxi Tribe has been proactive in fostering economic development. In 2023, the tribe secured over $70 million in grants to support workforce development, enhance internet access, and provide small business assistance, all contributing to the region's economic vitality.
In summary, Marksville's local economy is on an upward trajectory, with significant investments and a growing job market offering residents enhanced employment prospects and economic well-being.
Conveniently located in the charming Marksville area, Deluxe Inn is the ideal destination for travelers passing
through or visiting family, friends, and the many events that the vibrant city of Marksville and Paragon Casino
have to offer. Whether you're here for leisure, work, or one of the many local festivals, we’re dedicated to
making your stay comfortable and memorable.
Room Features
We offer a variety of accommodations to suit your needs:
Rooms with Two Double Beds – Perfect for families or groups, these rooms provide a cozy and elegant atmosphere.
Rooms with King Size Bed – These rooms feature added conveniences such as a refrigerator, microwave, and a spacious office work area for business travelers.
Amenities
At Deluxe Inn, we prioritize your comfort and convenience with the following amenities in all our rooms:
FREE High-Speed Wi-Fi
Expanded cable TV service
Microwaves and refrigerators
Hairdryers
Alarm clocks
King and queen bed options
Ample parking for large trucks and RVs
Low daily and weekly rates
Local Attractions
Explore the rich history, vibrant culture, and exciting activities nearby:
Paragon Casino Resort – Just minutes away, offering entertainment, dining, and more.
Marksville State Historic Site – Discover the region's unique history.
Hypolite Bordelon House – A step back into 19th-century Cajun life.
Fort DeRussy State Historic Site – A significant Civil War landmark.
Fishing and Hunting – Enjoy the outdoors with local opportunities for fishing and hunting.
Local Festivals – Experience the lively Cajun culture through numerous festivals held throughout the year.
Whatever brings you to Marksville, Deluxe Inn is proud to be your home away from home. We look forward to
welcoming you soon!
The local job market reflects this positive trend, with approximately 2,300 positions available in Marksville, as listed on Indeed.com. These opportunities span various sectors, including sales, healthcare, and food service, indicating a diverse and expanding employment landscape.
Economic indicators further underscore this growth. Between 2021 and 2022, Marksville's median household income rose by 30.4%, from $25,786 to $33,635. This substantial increase suggests an improving standard of living for residents.
Additionally, the Tunica-Biloxi Tribe has been proactive in fostering economic development. In 2023, the tribe secured over $70 million in grants to support workforce development, enhance internet access, and provide small business assistance, all contributing to the region's economic vitality.
In summary, Marksville's local economy is on an upward trajectory, with significant investments and a growing job market offering residents enhanced employment prospects and economic well-being.
Conveniently located in the charming Marksville area, Deluxe Inn is the ideal destination for travelers passing
through or visiting family, friends, and the many events that the vibrant city of Marksville and Paragon Casino
have to offer. Whether you're here for leisure, work, or one of the many local festivals, we’re dedicated to
making your stay comfortable and memorable.
Room Features
We offer a variety of accommodations to suit your needs:
Rooms with Two Double Beds – Perfect for families or groups, these rooms provide a cozy and elegant atmosphere.
Rooms with King Size Bed – These rooms feature added conveniences such as a refrigerator, microwave, and a spacious office work area for business travelers.
Amenities
At Deluxe Inn, we prioritize your comfort and convenience with the following amenities in all our rooms:
FREE High-Speed Wi-Fi
Expanded cable TV service
Microwaves and refrigerators
Hairdryers
Alarm clocks
King and queen bed options
Ample parking for large trucks and RVs
Low daily and weekly rates
Local Attractions
Explore the rich history, vibrant culture, and exciting activities nearby:
Paragon Casino Resort – Just minutes away, offering entertainment, dining, and more.
Marksville State Historic Site – Discover the region's unique history.
Hypolite Bordelon House – A step back into 19th-century Cajun life.
Fort DeRussy State Historic Site – A significant Civil War landmark.
Fishing and Hunting – Enjoy the outdoors with local opportunities for fishing and hunting.
Local Festivals – Experience the lively Cajun culture through numerous festivals held throughout the year.
Whatever brings you to Marksville, Deluxe Inn is proud to be your home away from home. We look forward to
welcoming you soon!
Data Room Click Here to Access
Property Facts
| Price | $599,000 | Lot Size | 0.98 AC |
| Price Per Room | $21,393 | Building Size | 14,984 SF |
| Sale Type | Investment | No. Rooms | 28 |
| Cap Rate | 9.24% | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1983 |
| Property Subtype | Hotel | Parking Ratio | 2.14/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | $599,000 |
| Price Per Room | $21,393 |
| Sale Type | Investment |
| Cap Rate | 9.24% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 14,984 SF |
| No. Rooms | 28 |
| No. Stories | 1 |
| Year Built | 1983 |
| Parking Ratio | 2.14/1,000 SF |
| Corridor | Interior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 28 | $47.00 | - |
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PROPERTY TAXES
| Parcel Number | 017-71244310 | Improvements Assessment | $17,930 |
| Land Assessment | $7,460 | Total Assessment | $25,390 |
PROPERTY TAXES
Parcel Number
017-71244310
Land Assessment
$7,460
Improvements Assessment
$17,930
Total Assessment
$25,390
zoning
| Zoning Code | C2 (Commercial) |
| C2 (Commercial) |
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Deluxe Inn | 221 S Preston St
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