Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

916 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Wyndham Garden New Roads, False River, LA 2125 Memorial Blvd

62 Room Hotel New Roads, LA 70760 £3,994,830 (£64,433/Room) 7.56% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Huge Upside: Recently rebranded (Opened October 30th 2024)
High Cash Flow with Owner Managed Operations
Tremendous Revenue Upside with Market Leader Potential. (Projected $1,400,000 PLUS)

Strong Market with Limited Competition with Steady Growth in the Economy
2017 Built Excellent Condition with Minimal PIP

Executive Summary

HIGHLIGHTS AND LOCATIONNew Roads Louisiana located 2 hours from New Orleans best known as the "Little Carnival Capital" of Louisiana, New Roads has hosted Mardi Gras festivities since 1881, drawing numerous visitors annually and selling out nearby hotels in the area. New Roads Louisiana has a combination of both leisure and business travel with steady demand throughout the year offering easy access to Baton Rouge Metropolitan Airport (State Capital) (BTR), situated about 20.7 miles southeast of New Roads.
*
*
*
DEMAND GENERATORS:
*Southern University and A&M College
*French Quarter (New Orleans, 10M+ visitors annually):
*Louisiana State University (Baton Rouge, 1M+ visitors annually):
*Industrial Fabrics | Wilco Industrial Services
*This 15-mile oxbow lake( fishing, boating, and water-skiing, attracting outdoor enthusiast)
*Very Popular Plantation Estates
*Julien Poydras Museum and Arts Center

This hotel will qualify for a SBA 7A, & SBA 504 loan or a conventional loan with approximately 20-25% down.
*
*
LA BROKER OF RECORD:
Brian Brockman
Bor@bangrealty.com
LA BROK.0995684990-ASA
Bang Realty, Inc

Property Facts

Price	£3,994,830	Building Size	31,000 SF
Price Per Room	£64,433	No. Rooms	62
Sale Type	Investment	Number of Floors	3
Net Initial Yield	7.56%	Year Built	2017
Property Type	Hospitality	Parking Ratio	2.42/1,000 SF
Property Subtype	Hotel	Corridor	Interior
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	1.93 AC

Price	£3,994,830
Price Per Room	£64,433
Sale Type	Investment
Net Initial Yield	7.56%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	1.93 AC
Building Size	31,000 SF
No. Rooms	62
Number of Floors	3
Year Built	2017
Parking Ratio	2.42/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.