Ramada by Wyndham New Iberia | 2915 LA-14
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Ramada by Wyndham New Iberia 2915 LA-14
160 Room Hotel New Iberia, LA 70560 $3,300,000 ($20,625/Room) 8.96% Cap Rate
Investment Highlights
- Priced to sell at $3,300,000
- Capable of Generating Revenues Nearing $1.6M!
- 5,314 SQFT Meeting Space
- Historical Revenues Exceeding $1M
- Massive Upside Potential with PIP Completion and New Management
Executive Summary
Thank you for your interest in the 160-room Ramada located in New Iberia, Louisiana.
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Highlights & Location:
*Amazing Price Per Key at $20K
*Recent Interior and Exterior Renovations Completed
*1700SQFT Newly Remodeled Residence On-Site Home
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Corporate/Top Employers:
*Bristow Group Inc.: Bristow Group, an offshore helicopter transportation company, has a significant presence in New Iberia, providing employment opportunities in the aviation sector.
*Iberia Medical Center: This healthcare facility provides a range of medical services and is a notable employer in the healthcare sector.
*Acadian Ambulance: Acadian Ambulance is a large medical transportation and emergency services provider, offering job opportunities in healthcare and emergency response.
*The Bayou Companies: This company specializes in pipe coating and insulation services for the oil and gas industry, contributing to employment opportunities in the energy sector.
*Avery Island (McIlhenny Company): Avery Island is home to the McIlhenny Company, known for producing Tabasco hot sauce. Jobs related to the production and visitor experience are available here.
*Halliburton: Halliburton, a global oilfield services company, has a presence in the region and may employ individuals in the energy sector.
*Local Government: Various local government offices and agencies, including the city and parish government, offer public sector employment opportunities.
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Demand Generators:
*Avery Island: Avery Island is famous for being the home of Tabasco hot sauce. Visitors can tour the Tabasco factory, explore beautiful gardens, and learn about the history of this iconic condiment.
*Jungle Gardens: Located on Avery Island, Jungle Gardens is a lush botanical garden and wildlife sanctuary. It features scenic trails, exotic plants, and a variety of wildlife, including alligators and egrets.
*Shadows-on-the-Teche: This historic plantation home is a National Historic Landmark. Visitors can take guided tours to learn about the history of the region and the plantation.
*Bayou Teche: The Ramada New Iberia is situated near Bayou Teche, offering opportunities for scenic boat rides, fishing, and bird-watching.
*Konriko Rice Mill and Store: This historic rice mill, located in New Iberia, offers tours where you can learn about the rice industry and even purchase locally-produced rice products.
*Cajun and Creole Cuisine: New Iberia is known for its delicious Cajun and Creole cuisine. Visitors can explore local restaurants and savor dishes like gumbo, jambalaya, and crawfish étouffée.
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LOAN & FINANCING:
This hotel will qualify for an SBA 7A and Conventional Financing.
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Louisiana Broker of Record:Brian Brockman
Bang Realty E: Bor@bangrealty.com
LA DRE BROK.0995684990-ASA
*
*
Highlights & Location:
*Amazing Price Per Key at $20K
*Recent Interior and Exterior Renovations Completed
*1700SQFT Newly Remodeled Residence On-Site Home
*
*
Corporate/Top Employers:
*Bristow Group Inc.: Bristow Group, an offshore helicopter transportation company, has a significant presence in New Iberia, providing employment opportunities in the aviation sector.
*Iberia Medical Center: This healthcare facility provides a range of medical services and is a notable employer in the healthcare sector.
*Acadian Ambulance: Acadian Ambulance is a large medical transportation and emergency services provider, offering job opportunities in healthcare and emergency response.
*The Bayou Companies: This company specializes in pipe coating and insulation services for the oil and gas industry, contributing to employment opportunities in the energy sector.
*Avery Island (McIlhenny Company): Avery Island is home to the McIlhenny Company, known for producing Tabasco hot sauce. Jobs related to the production and visitor experience are available here.
*Halliburton: Halliburton, a global oilfield services company, has a presence in the region and may employ individuals in the energy sector.
*Local Government: Various local government offices and agencies, including the city and parish government, offer public sector employment opportunities.
*
*
Demand Generators:
*Avery Island: Avery Island is famous for being the home of Tabasco hot sauce. Visitors can tour the Tabasco factory, explore beautiful gardens, and learn about the history of this iconic condiment.
*Jungle Gardens: Located on Avery Island, Jungle Gardens is a lush botanical garden and wildlife sanctuary. It features scenic trails, exotic plants, and a variety of wildlife, including alligators and egrets.
*Shadows-on-the-Teche: This historic plantation home is a National Historic Landmark. Visitors can take guided tours to learn about the history of the region and the plantation.
*Bayou Teche: The Ramada New Iberia is situated near Bayou Teche, offering opportunities for scenic boat rides, fishing, and bird-watching.
*Konriko Rice Mill and Store: This historic rice mill, located in New Iberia, offers tours where you can learn about the rice industry and even purchase locally-produced rice products.
*Cajun and Creole Cuisine: New Iberia is known for its delicious Cajun and Creole cuisine. Visitors can explore local restaurants and savor dishes like gumbo, jambalaya, and crawfish étouffée.
*
*
LOAN & FINANCING:
This hotel will qualify for an SBA 7A and Conventional Financing.
*
*
Louisiana Broker of Record:Brian Brockman
Bang Realty E: Bor@bangrealty.com
LA DRE BROK.0995684990-ASA
Property Facts
| Price | $3,300,000 | Lot Size | 6.49 AC |
| Price Per Room | $20,625 | Building Size | 65,000 SF |
| Sale Type | Investment | No. Rooms | 160 |
| Cap Rate | 8.96% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1977 |
| Property Subtype | Hotel | Parking Ratio | 3.81/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $3,300,000 |
| Price Per Room | $20,625 |
| Sale Type | Investment |
| Cap Rate | 8.96% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 6.49 AC |
| Building Size | 65,000 SF |
| No. Rooms | 160 |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 3.81/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- Fitness Center
- Pool
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $119.00 | - |
| Guest Room | 152 | $79.00 | - |
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PROPERTY TAXES
| Parcel Number | 0502750646 | Improvements Assessment | $90,868 |
| Land Assessment | $68,888 | Total Assessment | $159,756 |
PROPERTY TAXES
Parcel Number
0502750646
Land Assessment
$68,888
Improvements Assessment
$90,868
Total Assessment
$159,756
zoning
| Zoning Code | C-4 (Highway Commercial District) |
| C-4 (Highway Commercial District) |
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Ramada by Wyndham New Iberia | 2915 LA-14
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