This Hospitality Property is no longer advertised on LoopNet.com.
1606 W Pinhook Rd
Fairfield Inn & Suites Lafayette South · Hospitality Property For Sale
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48,948 SF
INVESTMENT HIGHLIGHTS
Fee simple interest in the 2007 built, 81-room Fairfield Inn & Suites Lafayette South offered at a substantial discount to replacement cost
Third-party managed hotel with significant upside for a perspective buyer to complete deferred maintenance and transition to an owner/operator model
Unencumbered of management and debt with the ability to retain the Marriott flag for a long-term license upon completion of the change-of-owneship PIP
Strong in-place positive cash flow will allow for buyers to generate immediate walk-in yield
Asset recovery well underway with current T12 occupancy of +70%
Readily accessible via US Route 90 with approximately 62,000 vehicles passing the location daily
PROPERTY FACTS
Property Type
Hospitality
Property Subtype
Hotel
Building Class
B
Lot Size
1.86 AC
Building Size
48,948 SF
No. Stories
3
Year Built/Renovated
2007/2019
Parking Ratio
1.43/1,000 SF
Corridor
Interior
Zoning
CH - Commercial Heavy
AMENITIES
Business Center Fitness Center Pool
High Speed Internet Access Patio
Meeting Event Space Public Access Wifi
PROPERTY TAXES
Parcel Number
6092058
Improvements Assessment
$469,847
Land Assessment
$52,635
Total Assessment
$522,482
