Quality Inn Baton Rouge East I-12
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Quality Inn Baton Rouge East I-12
2 Hospitality Properties Online Auction Sale Baton Rouge, LA
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Investment Highlights
- 112-room Quality Inn with 60 additional rooms approved for Suburban Suites extended stay, which would bring the total room count to 172.
- Located in the state capitol and lies under 15 minutes from Baton Rouge and Louisiana State University (LSU).
- Boasting premier placement in a consumer corridor home to national brands, including Walgreens, Costco, The Home Depot, Smoothie King, and many more.
- Centrally located at the Interstate 12 and US Highway 61 interchange and offering visibility to 125,000 vehicles passing by each day.
- Tremendous investment opportunity with revenue upside due to underperforming RevPAR penetration in its market area.
- Hotel is adjacent to a Holiday Inn that is also available for purchase through Ten-X; please see link below.
Executive Summary
NewGen Advisory is pleased to present a hospitality investment opportunity in Baton Rouge, Louisiana. The offering consists of a 112-guest room Quality Inn with an additional 60 rooms that have been approved to open as Suburban Studios extended stay. The hotel has full-service amenities, including a bar, restaurant, meeting rooms, and a pool.
The property is located along Airline Highway 61, just a quarter-mile north of the highway's intersection with Interstate 12. This makes the property easily accessible from areas north and south via Airline Highway and areas east and west of the property via Interstate 12. Interstate 10 is 2 miles west of the property and connects Baton Rouge to New Orleans and Houston. The hotel is an ideal location for visitors to Baton Rouge, as it is less than 6 miles from the downtown area and Raising Cane’s River Center, less than 8 miles from Louisiana State University, and just over 10 miles from Baton Rouge Metropolitan Airport.
Baton Rouge, the capital of Louisiana, blends French, Spanish, and English influences in its rich history. Home to the tallest state capitol in the US, this city on the Mississippi River thrives with a diverse economy that includes petrochemicals, healthcare, and education. Louisiana State University (LSU), a cornerstone of Baton Rouge, offers renowned academic programs and an abundance of tourism traffic for sporting and school events. From Mardi Gras festivities to Cajun cuisine such as gumbo and jambalaya, Baton Rouge delights with its vibrant culture. Visitors explore historic sites such as the Old State Capitol and USS Kidd Veterans Museum, immersing in this dynamic Southern city. The top employers in the area include IMB, Ochsner Health, Turner Industries, Honeywell, Exxon, and Amedisys. With such a large economic footprint, out-of-town visitors and employees travel to the area throughout the year.
Tours are held by appointment only. Please contact the listing broker to schedule.
The property is located along Airline Highway 61, just a quarter-mile north of the highway's intersection with Interstate 12. This makes the property easily accessible from areas north and south via Airline Highway and areas east and west of the property via Interstate 12. Interstate 10 is 2 miles west of the property and connects Baton Rouge to New Orleans and Houston. The hotel is an ideal location for visitors to Baton Rouge, as it is less than 6 miles from the downtown area and Raising Cane’s River Center, less than 8 miles from Louisiana State University, and just over 10 miles from Baton Rouge Metropolitan Airport.
Baton Rouge, the capital of Louisiana, blends French, Spanish, and English influences in its rich history. Home to the tallest state capitol in the US, this city on the Mississippi River thrives with a diverse economy that includes petrochemicals, healthcare, and education. Louisiana State University (LSU), a cornerstone of Baton Rouge, offers renowned academic programs and an abundance of tourism traffic for sporting and school events. From Mardi Gras festivities to Cajun cuisine such as gumbo and jambalaya, Baton Rouge delights with its vibrant culture. Visitors explore historic sites such as the Old State Capitol and USS Kidd Veterans Museum, immersing in this dynamic Southern city. The top employers in the area include IMB, Ochsner Health, Turner Industries, Honeywell, Exxon, and Amedisys. With such a large economic footprint, out-of-town visitors and employees travel to the area throughout the year.
Tours are held by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- PIP
Market Analytics Click Here to Access
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Market Sale Price per Room
Louisiana South USA
Market Cap Rate
Louisiana South USA
Market Sale Price per Room by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Cap Rate by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Sale Price per Room Distribution
Market Cap Rate Distribution
Property Facts
| Sale Conditions | Auction Sale | Number of Properties | 2 |
| Sale Type | Investment | Total Building Size | 124,015 SF |
| Status | Active | Total Land Area | 4.89 AC |
| Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 124,015 SF |
| Total Land Area | 4.89 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Quality Inn Baton Rouge East I-12
9970 Airline Hwy, Baton Rouge, LA 70816 |
Hospitality | 94,015 SF | 1986 |
|
Suburban Studios Baton Rouge East I-12
9970 Airline Hwy, Baton Rouge, LA 70809 |
Hospitality | 30,000 SF | 2033 |
Sale Advisors
Sale Advisors
Kishan Gohel, Senior Vice President
(480) 766-6014
Contact
Kishan is a graduate of W. P. Carey School of Business at Arizona State University. He brings a wealth of business management knowledge from being around a hard-working family that owned a variety of businesses while growing up. This inspired him to create and manage a disc jockey (DJ) business which has given him the opportunity to work with multi-million-dollar corporate companies.
Kishan has spent his time in hotel brokerage curating new relationships and building existing client friendships. He has extensive experience in market research which sets him apart when he secures a buyer for his listings and helps his clients find the next business opportunity. His ability to build a transaction from start to finish and work closely with his clients to ensure a smooth closing is a driving factor to his clients’ and his own success.
When the world endured the pandemic in 2020, the demand for travel fell and the need for affordable housing increased. With government relief funds distributed through multiple channels, Kishan and his partners saw an opportunity to help clients sell their hotels as a conversion to an alternative use. He has been able to successfully assist non-profit organizations and investors to convert hotels to market rate apartments, affordable/transitional housing, and behavioral health.
In his spare time, he enjoys spending time with his family, going to car shows, and being outdoors in Arizona’s beautiful 300+ days of sunshine.
Kishan has spent his time in hotel brokerage curating new relationships and building existing client friendships. He has extensive experience in market research which sets him apart when he secures a buyer for his listings and helps his clients find the next business opportunity. His ability to build a transaction from start to finish and work closely with his clients to ensure a smooth closing is a driving factor to his clients’ and his own success.
When the world endured the pandemic in 2020, the demand for travel fell and the need for affordable housing increased. With government relief funds distributed through multiple channels, Kishan and his partners saw an opportunity to help clients sell their hotels as a conversion to an alternative use. He has been able to successfully assist non-profit organizations and investors to convert hotels to market rate apartments, affordable/transitional housing, and behavioral health.
In his spare time, he enjoys spending time with his family, going to car shows, and being outdoors in Arizona’s beautiful 300+ days of sunshine.
Jigar Desai, Senior Vice President
(520) 664-4091
Contact
Jigar “Jay” Desai joined the NewGen Advisory team of Arizona in 2017. He is focused throughout the Southwestern regions of Texas to California assisting our clients with all their hotel and lodging transactional needs. Jay has a unique ability to connect prospective buyers with sellers while focusing on and balancing the critical financial needs of both making him a true asset to any team and every client.
Jay’s extensive background in the hotel industry has given him the insight to better understand the critical needs of his clients. Having grown up in the hotel industry, Jay’s ability to relate and understand the rigorous demands of hotel operations has provided the insight which has led to facilitate successful transactions. Furthermore, prior to joining the NewGen team, Jay was immersed into the financing and lending world with a large national bank which gave him the unique view into the lending world and provided the connections which allow his clients to seek out financing for even the most challenging assets.
Jigar graduated from the University of Arizona in 2011 attaining a dual degree from Eller College of Management in Finance and Real Estate. Jigar is a member and ambassador for the Asian American Hotel Owners Association (AAHOA) and holds certifications for Choice Hotels and Best Western.
Jay’s extensive background in the hotel industry has given him the insight to better understand the critical needs of his clients. Having grown up in the hotel industry, Jay’s ability to relate and understand the rigorous demands of hotel operations has provided the insight which has led to facilitate successful transactions. Furthermore, prior to joining the NewGen team, Jay was immersed into the financing and lending world with a large national bank which gave him the unique view into the lending world and provided the connections which allow his clients to seek out financing for even the most challenging assets.
Jigar graduated from the University of Arizona in 2011 attaining a dual degree from Eller College of Management in Finance and Real Estate. Jigar is a member and ambassador for the Asian American Hotel Owners Association (AAHOA) and holds certifications for Choice Hotels and Best Western.
About Baton Rouge, LA
Baton Rouge is the capital of Louisiana, located on the eastern bank of the Mississippi River at the intersection of interstates 10 and 12. The Baton Rouge Metropolitan Airport, also known as Ryan Field, serves the second-largest city in the state. This city also benefits from one of the busiest ports in the country, the Greater Port of Baton Rouge.
One of the largest demand generators for Baton Rouge is Louisiana State University, home to over 30,000 students and 6,500 faculty and staff across 14 schools and colleges. LSU has a strong following for its sports teams, as a member of both the NCAA and SEC.
Business travel is supported by several industries including industrial, medical, research, and petrochemical. The natural resources and construction sector is vital to Baton Rouge; in fact, this sector is more than twice as concentrated in this market as the U.S. average. Companies with a large presence in Baton Rouge include ExxonMobile, Community Coffee, Dow Chemical Company, BASF, and IBM.
Leisure visitors to Baton Rouge will also find plenty to do in this city that is steeped in French, Spanish, Creole, and Native American history. Large attractions include the Capitol Park Museum, Magnolia Mound, and Celebration Station.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr BROK.0995692305-CORP Irvine, CA; Auction Firm LA AB-446
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Quality Inn Baton Rouge East I-12
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