203 N Canal Blvd
Thibodaux, LA 70301
Thibodaux Inn · Hospitality Property For Sale · 40,000 SF

Hajari Realty, Inc and Ten-X Commercial are pleased to present the opportunity to acquire an 81-room Motel 6 which is one of the leading premium economy hotels in Thibodaux's community, 60 miles South from Louisiana's largest market, New Orleans, Louisiana. The newly renovated hotel is available unencumbered by management, yet likely available for re-licensing with Motel 6 upon completion of a minimal Property Improvement Plan (PIP). Franchise transfer fee of only $5,000. Opened in 1972, as a Sheraton, with approximately 120 guest rooms, features; outdoor swimming pool, fitness room, spacious lobby & breakfast area, guest laundry, business center, and meeting room. The two-story exterior corridor property has approximately 40,000 square feet of building area situated on 1.96 acres located in the Canal Boulevard (Hwy. 20) and LA-308 commercial corridor nearby to restaurants, (Starbuck’s, Raising Cane’s, Taco Bell, McDonald’s, Pizza Hut, Chili’s Grill & Bar, El Paso Mexican Grill, Wendy's, and Sonic Drive-In ) hotels (Hampton Inn and Days Inn) and retail business such as (CVS Pharmacy, Walgreens, Walmart Super Center, Lowe's Home Improvement, Auto Dealership and service businesses). The Motel 6 is the only mixed-use property in Thibodaux providing an underserved and unique offering to the area. The hotel offers spacious well-appointed guestrooms with microwave and refrigerators in all rooms. The hotel has a meeting room located on the first floor with adjacent public breakfast area affording small group business meeting. The hotel also encompasses approximately 40 rooms that are dedicated to retail and office use rental, allowing another stream of revenue generation for maximizing profits from the property. Thibodaux’s location and access to Highway-90 makes it an ideal facility for hosting guest. Annual events such as the much celebrated "Manning Passing Academy" each Summer Weekend in June at Nicholls State University where the city host visitors from around the country to this world class classic football event, also known as the "Premier Camp in the Country"- https://manningpassingacademy.com/. The city offers visitors Acadian Cultural Center, Donner-Peltier Distillers, Nicholls State University, Laurel Valley Village, Bayou Children’s Museum, as well many parks and nearby lake (Houma, LA). The hotels offer significant upside with more hands-on management and direct sales efforts. Today it is operating with stable in-place cash flow. The hotel has potential for increasing the RevPAR upon completion of a PIP and implementation of better revenue management. The ideal buyer will be an Owner-Operators who completes a "Minimal" renovation, takes the time to enhance top-line revenues while staying focused on operating efficiencies, thus achieving a stronger bottom-line. Year End December 2014 Revenues were: $650,797 Year End December 2015 Revenues were: $826,020 Year End December 2016 Revenues were: $694,504 Motel 6 Video #1 Motel 6 Video #2