- This is a 4 story, 83 room Hampton Inn & Suites
- Wood frame construction, built in 2010 on a 2.01-acre site
- Outdoor swimming pool, sundry shop, business center and large fitness center
- 650 square ft. of meeting room space
- Only Hilton product for 40 mi East and West along Hwy 90 (Future I-49)
- Morgan City is located in the Cajun Coast, directly between New Orleans & Lafayette
Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to announce to qualified investors the Hampton Inn & Suites-Morgan City, LA. The subject property is a 4 story, 83 room limited service hotel, built in 2010 on a 2.01-acre site. Situated in the heart of the Cajun Coast, the property offers great visibility and access from Hwy 90 (future I-49), which sees over 40,000 CPD. The Hampton Inn & Suites is priced below replacement cost and exhibits a history of strong and stable cash flow. Even so, investors can expect to see significant ADR growth after the completion of Hampton’s “Forever Young” package. In turn, the investment will have a direct impact on the new owner’s bottom line and will offer tremendous upside and value add for years to come.
St Mary’s Parish has five (5) municipalities and a Native American country within its borders. The municipalities are Morgan City, Franklin, Patterson, Berwick, and Baldwin. Protection and recreation are key facets of St. Mary Parish’s beautiful ecology. This allows residents and visitors alike to enjoy the counties' many outdoor activities including sport fishing, birding, nature trail hikes, and boating. All the while, successfully supporting a diverse industrial base and high quality of living. In doing so, the Parish has attracted a tremendous amount of new business, with future projections of ~$750 million in capital investment. The economic surge will be concentrated in the driver industries and is expected to create 500-600 more jobs to the area.
The Parish is located at the center of the Gulf of Mexico Industrial Complex. Due to its strategic location, the county is able to draw on a highly skilled workforce of 400,000 people focused on robotics, diving, welding, and mechanical technologies. In turn, offering businesses lower capital costs, operating costs, and improved revenue opportunities. With access to 38 states and all Latin American Gulf countries, the region has earned the name, “The Energy Corridor” as nearly 80% of all offshore oil and gas comes through this region, bringing an economic impact of over $70 billion annually. To strengthen the supply chain, a multi-state coalition was created to connect Hwy 90, I-10, I-49, and I-29. This infrastructure improvement project has been in progress since 2012. Once completed, the route will create direct access westward to Houston, Eastward to New Orleans, and Northward through Kansas City and into Winnipeg, Canada. In turn, opening our borders and the port's ability to quickly transport goods throughout the US.