- Absentee Ownership
- On-Site Manager Quarters
- Easy Access to Interstate 10
- Seller Financing Available (for Qualified Buyer)
- Listed below Appraisal Value
- Huge Upside Potential
- The Hotel is being Offered Below Replacement Cost at $36,574 per room
Marcus & Millichap presents for sale the Super 8 of Lafayette-West, a limited service, economy hotel, located in Duson, Louisiana. This three story property has 54 rooms with interior corridors. Also, located on the property is a one bedroom, one bathroom, fully furnished kitchen and living quarters, which is ideal for an owner operator or manager to live on the premises.
The Super 8 is priced below replacement at $1,975,000 ($36,574 per room). In addition, experienced business owners can take full potential of this investment by growing sales through improved operations, since the property lacks professional day to day management, and a targeted sales and marketing strategy.
The Super 8 is visible from Interstate 10, a major corridor that connects California to Florida and the many states in-between. The average daily traffic count is approximately 75,000 vehicles per day. Post-pandemic this traffic count is expected to increase as many domestic travelers will favor road trips in less densely populated locations.
During the last twelve trailing twelve months, September 2020, this property has a net actual annual operating income of $263,616. Given the current pricing, this stabilized asset is offered at a 13.3 cap rate. Impressively, under current financial conditions, this property is expected to produce $140,818 net cash flow after debt service, a 35.65% return
The hotel is the only lodging option at this intersection of I-10 with FIVE (5) Truckstops, which increases the propensity of commuting vehicles to stop.
Finally, given the momentum of the town of Duson to expand their middle income housing plus the national movements towards suburban markets, the town of Duson will natural create need for hotel demand. Given that scenario, the Super 8 of Lafayette-West will be only hotel in the market
The Super 8 Lafayette West is a 54-room, three-story investment property, built in 2000. The hotel is positioned on one acre and offers several amenities. Each guest room offers a flat-screen television and kitchens are available. The common area amenities include a business center, bus/truck parking, elevator, fitness center, hot tub and pool, and laundry facilities.
Duson, Louisiana is positioned in the southern part of the state and part of the Lafayette MSA, which is located 12 miles outside of the city center. The Super 8 Lafayette West is stationed on 3001 Daulat Drive with direct access to Interstate 10. The region boasts diverse demand generators and has several development projects underway. LHC Group (17 miles), an in-home healthcare service company based in the city, announced an expansion of 200,000 square feet adding 500 new local jobs to the region. The investment into Lafayette will total $46 million, and the first phase will begin immediately. In addition, a Swiss helicopter manufacturer, Koper (21.5 miles), announced the region will be the home of its U.S. subsidiary and will take up residence in the vacated Bell Helicopter facility, an 84,700 square foot turnkey solution. The state is providing Kopter $2.5 million of economic incentives to help it establish a presence. There are a variety of banquet, meeting and reception venues available in close proximity to the investment property. The Oil Center Association (14.2 miles) holds three venues available for business and private events. The region is home to one of the nation's best institutions according to the 2019 edition of "The Best 381 Colleges" published by Princeton Review, the University of Louisiana Lafayette (12.9 miles). The University had a record enrollment of over 19,000 students and the graduation rate has risen over 49 percent during the last decade. This has generated room demand to the area due to increased graduation rates, scholastic and sporting events, and regional conferences. Furthermore, more than 400,000 travelers utilize the Lafayette Regional Airport (13.7 miles) and offers flights to major domestic destinations.
Broker of Record
License: LA BROK.0095692662-ACT