- 77-Room, 3-Story, Limited-Service Hotel within the Greater Baton Rouge MSA
- Priced Below Replacement Cost at $55,195 Per Key
- Excellent Visibility and Access from Interstate 110 Less than Half a Mile from the Baton Rouge Metropolitan Airport
- RevPAR Increase of 80 Percent from Year-End 2020
- Baton Rouge Airport to Receive $4.25 million in funding from the Federal Aviation Administration’s Airport Improvement Program and $3.22 million from the Infrastructure Investment and Jobs Act
- Prominent Nearby Business Demand Generators Like Lamar Advertising Company, BBQ Guys, Marucci Sports, Piccadilly Restaurants, ExxonMobil, Dow Chemical Company, and Louisiana State University
- Southern University is 1 of only 2 public law schools in Louisiana, which focuses on napoleon law and sits on 512 acres, with an agricultural experimental center that
 sits on an additional 372 acres
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the Comfort Inn & Suites–Baton Rouge Airport (‘Hotel’ or ‘Property’). The Choice hotels International-branded Hotel is offered at $4,250,000 or $55,195 per key.
The Comfort Inn & Suites–Baton Rouge airports a three-story, 77-room hotel stationed at 2949 Varsity Street, just off Interstate 110. This Hotel features an outdoor pool, business center, guest laundry facilities, vending machines, and 360 square feet of meeting and event space. Spacious guest rooms offer a flat-screen television, a work desk with an ergonomic chair, an iron and ironing board, a microwave, and a refrigerator.
Baton Rouge is the capital of Louisiana and its second-largest city on the eastern bank of the Mississippi River and is the parish seat of East Baton Rouge Parish. The region is a major industrial, petrochemical, medical, research, motion picture, and growing technology center of the American South. Major corporations that contribute to the economy of Baton Rouge and its metropolitan statistical area include Lamar Advertising Company (10.9 miles), BBQ Guys (10.1 miles), Marucci Sports (12.6 miles), Piccadilly Restaurants (12.7 miles), ExxonMobil (4.5 miles), and Dow Chemical Company (0.6 miles). 
Louisiana State University, located less than 10 miles from the Property, helps facilitate room demand to the area. LSU is the largest institution of higher education in the state, with nearly 36,000 students. The FG Clark Activity Center (2.1 miles), also known as the "mini-dome," is a 16,000 sq. ft. facility that can accommodate 8k+ for basketball and other campus events, community events, concerts, and other events. Also, home to AW Mumford Stadium (2.5 miles), a multi-purpose area that can hosts football, soccer, and track field events. At full capacity, the stadium can hold 28,500+ attendees.
The Hotel further benefits from its location near the Baton Rouge Metropolitan Airport, located less than half a mile away. The BTR Airport recorded over 560 thousand travelers in 2021, a healthy 55 percent increase from 2020 while maintaining over 80 percent seats on average per flight. In 2021, the BTR airport became eligible for a$1 Million Federal Grant to establish direct flights to Washington, DC and has been granted over $4.25 million in funding from the Federal Aviation Administration’s Airport Improvement Program. Additionally, $3.22 million of the Infrastructure Investment and Jobs Act will be awarded to the BTR Airport.
The limited-service Hotel recorded room revenues of over $1.28 million through the twelve-month period ending October 2021, a significant jump of 80 percent from year-end 2020. In the same period, the Hotel maintained a healthy cash flow of nearly $300 thousand or 26.2 percent as a percentage of total income, after a 4 percent capital replacement reserve. Although the Property is in good condition, a minor renovation would present a substantial value-add opportunity and assist new ownership significantly in garnering real rate growth.