Hotel & Motel Property For Sale - Baymont Inn

1004 Highway 171 N., Lake Charles, LA, 70601

 
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Hotel & Motel For Sale
Lake Charles, LA
Louisiana

Baymont Inn

 

1004 Highway 171 N.

Lake Charles, Louisiana 70601
County: Calcasieu
 
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  For Sale Active  
Property Use Type:Investment
Type:Hotel & Motel
Economy/Limited Service
No. Rooms:51
Building Size:20,000 SF
Lot Size:1.00 Acres
Price:$3,200,000
Price/Room:$62,745
Cap Rate:15.00%
Date Last Verified:11/10/2008
Property ID:15751562
 
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 Additional Information 

Property Description:
Built in 2005, 51 Rooms
Perfect for Owner Operator
High Demand Area
Great upside potential

Location Description:
I-10/171 Exit Location
Casinos Closeby
Restaurants within walking distance

Average Daily Rate:$70
Average Occupancy:66%
  Financial Summary Actual  
Net Operating Income:$480,000
 
  Room Mix Information
No Room Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
6/10/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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