1110 W Prien Lake Rd
Lake Charles, LA 70601
Staybridge Suites Lake Charles · Hospitality Property For Sale · 43,062 SF

We appreciate your interest in the stunning Staybridge Suites with 106 rooms, prominently positioned in Lake Charles, Louisiana. This hotel is situated in the southwestern part of the state, close to the Gulf of Mexico. It boasts a convenient location near the renowned local casinos and is surrounded by the breathtaking natural landscapes of Prien Lake and Calcasieu Lake. This hotel is a convenient 1-hour flight from the DFW Airport, which is a major connecting airport servicing the United States. MARKET / DEMAND GENERATORS: Lake Charles is a sought-after well-established destination for leisure, gaming, and business travel, constantly attracting a steady stream of visitors throughout the year. The city has seen robust economic growth driven by the energy industry, gaming and tourism, healthcare, education, infrastructure development, manufacturing, and industrial expansion. The city continues to attract investments and offers a conducive environment for businesses to thrive. With ongoing efforts to diversify the economy and invest in infrastructure, Lake Charles is poised for further growth and economic prosperity in the coming years. THE SCOOP / STORY / UPSIDE POTENTIAL The hotel was built in 2018 and is the top-performing extended-stay hotel in the Lake Charles market. The property’s room matrix has 4 suite types, which allows for higher room rates. The property is performing at the top of its comp set in ADR ($176.76) & RevPAR ($130.12). A standout for this hotel is its reception, held Monday, Tuesday, and Wednesday, which is a benefit unique to this property. The Lake Charles market has a large range of demand generators with different drivers throughout the year. There are 16 refineries, 3 major casinos, and LNG plants, as well as typical city demands such as sports teams and contract work. This hotel is consistently strong in occupancy and has grown its ADR throughout its 5-year lifespan. FRANCHISE / PIP: The new owner will expect to receive a new 15–20-year license with IHG. The hotel applies for automatic transfer with IHG and will require no PIP.