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142 Library Dr
Houma, LA 70360
Courtyard Houma · Hospitality Property For Sale · 134,704 SF

INVESTMENT HIGHLIGHTS

  • Fee simple interest in this institutionally owned and third-party managed hotel offered at a substantial discount to replacement cost.
  • Individually for sale and part of a larger seven asset Texas and Louisiana portfolio, allowing buyers to acquire multiple strong assets.
  • This hotel continues to grossly outperform national occupancy, with the asset running approximately +80% occupancy over the trailing 12 months.
  • Ability for qualified buyers to retain the Courtyard flag with a new long-term 15-year license upon completing minor deficiency items.
  • The hotel features 4,500 square feet of meeting space and the seller has completed $1.6 million in renovations in recent years.
  • Accessible to all core Houma-area demand generators, including Gulf Island Fabrication, Terrebonne General Medical Center, the airport, and more.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 3.65 AC
Building Size 134,704 SF
No. Stories 4
Year Built 2010
Corridor Interior
Zoning C3

AMENITIES

  • Balcony
  • Fitness Center
  • Pool
  • Restaurant
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Digital key

PROPERTY TAXES

  • Listing ID: 22260760

  • Date on Market: 2/17/2021

  • Last Updated:

  • Address: 142 Library Dr, Houma, LA 70360