Wingate by Wyndham - Lafayette Airport

$4,800,000

702 E Kaliste Saloom Rd, Lafayette, LA 70508

Details

  • $4,800,000
  • Midscale , Limited Service

Investment Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Wingate Inn & Suites Lafayette Airport. The 82-room hotel, built in 2008, is located in Lafayette, Louisiana. This hotel is located across the highway from the Lafayette Regional Airport. The building has great highway access and visibility. The property is offered for sale at $4,800,000 or $58,540 price per key. This property, at current list price, is being offered with a capitalization rate of 8.57% or 3.98 times April’s trailing-twelve-month room revenue.

Property Overview:

The Wingate Inn & Suites Lafayette Airport is an 82-room, three-story, midscale, interior corridor hotel built in 2008. The property boasts many common area and guest room amenities. Common area amenities include an indoor spa, fitness center, business center, conference space, meeting rooms, free continental breakfast, a free airport shuttle, and community-wide internet. The guest room encompasses many amenities such as a microwave, refrigerator, work desk, flat-screen television with premium channels, a lounge area, and a minibar.

Location Overview:

Lafayette, Louisiana is a city located in Lafayette Parish in the southern region of the state. The Wingate Inn & Suites Lafayette Airport is positioned on East Kaliste Saloom Road just off Hwy-90. The hotel is located near many popular revenue generators and the city’s major employers. Nearby revenue generators include Lafayette Regional Airport (1.5 miles), Vermilionville Historic Village (1.6 miles), Alexandre Mouton House (2.2 miles), Cathedral of St John (2.5 miles), Blackham Coliseum (3 miles), South College Shopping Center (3 miles), the Cajundome (3.4 miles), and the Kart Ranch Family Fun Center (4.3 miles). The city’s major employers in close proximity to the property are Baker Hughes (0.4 miles), the University of Louisiana Lafayette (1.6 miles), Lafayette General Medical Center (1.6 miles), WHC Inc (3.8 miles), and the Wood Group Production Services (5.3 miles).

Agent for this listing

Lisa Hankamer

Senior Associate, National Hospitality Group
Office: (713) 452-4247
Mobile: (713) 992-3343
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Manish Sthanki

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