Best Western Plus Regency Park

$4,800,000

13600 Hartman Lane, Walker, LA 70785

Details

  • $4,800,000
  • Midscale

The Best Western Plus Regency Park is a 63-unit, interior corridor, midscale hotel. It is one of the first interior corridor branded Best Western Plus properties to be constructed in the state of Louisiana.
This upper midscale brand offers guests significant luxuries such as stylish, well-appointed rooms, modern amenities and well designed tailoring to meet the needs of both business and leisure travelers. Furthermore, the brand has been recognized as the “Best Upper Midscale Hotel Chain” in 2014 and 2015 by Business Travel News Survey.

Listed at $80,000 a room or $4,800,000, this investment is expected to stabilize with 70 percent occupancy and ADR around $90, given historic STR indicates that ADR for the Baton Rouge MSA competitive set is $85.78. However, these figures are prior to the “historic, unprecedented flooding event” that occurred in August 2016 when rainfall exceeded 31 inches in 15 hours. In the aftermath, 70 percent of the parish and 50,000 were damaged in Livingston parish alone. As the rebuilding process continues, the demand for hotel rooms should continue to remain strong for months, if not years.
Since the property is a member of Best Western, it has also has the opportunity to take advantage of the world’s largest lodging affiliation, Including: a powerful global brand, advantageous fee structures, shorter contract terms, participation in company initiatives, worldwide reservation’s/ booking channels and a multitude of regional and global marketing services.

Agent for this listing

Manish Sthanki

Associate, National Hospitality Group
Office: (225) 753-4881
Mobile: (225) 892-4181
Fax: (225) 376-6710
Other listings

Back to Top