105 Lamar St | Houma, LA 70360
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105 Lamar St
Houma, LA 70360
Howard Johnson by Wyndham Houma · Hospitality Property For Sale
·
57,934 SF
Investment Highlights
- Two-Story, 57-Room, Economy, Interior-Corridor, Wyndham-Branded Hotel
- Over 30 Oil and Gas Companies Operating in the Surrounding Area, Providing Contractual Business Opportunities
- Priced at a 38.54% Cap Rate Based on August 2022 T-12
- Priced Below Replacement Cost at $50,789 Per Key
- Operating as the Leading Hotel in STR-Defined Competitive Set for RevPAR Growth Through Trailing Twelve-Month August 2022
- Property is Priced at a 1.34x Room Revenue Multiplier with a Projected Total Return of 171%
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 2008 |
| Building Class | B | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 2.95 AC | Corridor | Interior |
| Building Size | 57,934 SF | ||
| Zoning | C-2 - General Commercial District | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.95 AC |
| Building Size | 57,934 SF |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 1.33/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 - General Commercial District |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Number | 26203 | Improvements Assessment | $135,610 |
| Land Assessment | $27,750 | Total Assessment | $163,360 |
Property Taxes
Parcel Number
26203
Land Assessment
$27,750
Improvements Assessment
$135,610
Total Assessment
$163,360
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