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Lender Owned | Vacant 71-Room Hotel on I-49 2224 NE Evangeline Trwy 71 Hotel Rooms Online Auction Sale Lafayette, LA 70501
Matterport 3D Tours
Investment Highlights
- 2224 NE Evangeline Thruway features existing hospitality infrastructure, including an updated front lobby, swimming pool, and ample on-site parking.
- Discover a value-add hospitality opportunity with this vacant 71-room hotel, offering flexibility for repositioning, rebranding, or redevelopment.
- Take advantage of HC zoning and fee simple ownership, providing long-term flexibility for commercial use and future operational strategies.
- Benefit from direct Interstate 49 frontage with exposure to approximately 60,772 vehicles daily and convenient access just 1 mile from Interstate 10.
- Reach Downtown Lafayette in about 2 miles and Lafayette Regional Airport in 4 miles, supporting regional travel and lodging demand.
- Supported by roughly 88,297 employees within a 5-mile radius, the corridor benefits from a substantial daytime population and activity.
Executive Summary
Situated along a well-traveled commercial corridor in Lafayette, the former Americas Best Value Inn presents a compelling value-add hospitality investment for investors and experienced hotel operators. Offered as a vacant, fee simple asset, the property provides a rare chance to reposition, renovate, and reintroduce a 71-room hotel in a location with established lodging demand and excellent regional connectivity. Vacancy at closing provides investors and operators with the flexibility to implement a range of operational, branding, or redevelopment strategies.
The hotel was renovated in 2005 and includes amenities designed to support guest accommodations, including a front lobby, swimming pool, and ample on-site parking. Its existing hospitality infrastructure provides a foundation for future improvements, enabling ownership to implement upgrades and operational enhancements aligned with market demand. HC zoning further supports the property's commercial utility and long-term flexibility.
Located at 2224 NE Evangeline Thruway, the property benefits from direct frontage along Interstate 49 with exposure to approximately 60,772 vehicles per day. The site is easily accessible and situated just 1 mile from Interstate 10, providing connectivity throughout Lafayette and the broader Gulf Coast region. Additional demand drivers include proximity to Downtown Lafayette, approximately 2 miles away, and Lafayette Regional Airport, approximately 4 miles away. The surrounding area is supported by a daytime employment base of roughly 88,297 individuals within a 5-mile radius, helping reinforce commercial activity and visitation throughout the corridor.
The opportunity combines a recognizable lodging asset, strategic interstate visibility, and a vacant operational platform that can be repositioned to unlock value. With strong transportation access, established market connectivity, and the flexibility to execute a new vision for the property, this hotel offers investors and operators a chance to capitalize on a well-located hospitality asset in one of Lafayette's primary commercial gateways.
Property tours are by appointment only. Please contact the listing broker to schedule.
The hotel was renovated in 2005 and includes amenities designed to support guest accommodations, including a front lobby, swimming pool, and ample on-site parking. Its existing hospitality infrastructure provides a foundation for future improvements, enabling ownership to implement upgrades and operational enhancements aligned with market demand. HC zoning further supports the property's commercial utility and long-term flexibility.
Located at 2224 NE Evangeline Thruway, the property benefits from direct frontage along Interstate 49 with exposure to approximately 60,772 vehicles per day. The site is easily accessible and situated just 1 mile from Interstate 10, providing connectivity throughout Lafayette and the broader Gulf Coast region. Additional demand drivers include proximity to Downtown Lafayette, approximately 2 miles away, and Lafayette Regional Airport, approximately 4 miles away. The surrounding area is supported by a daytime employment base of roughly 88,297 individuals within a 5-mile radius, helping reinforce commercial activity and visitation throughout the corridor.
The opportunity combines a recognizable lodging asset, strategic interstate visibility, and a vacant operational platform that can be repositioned to unlock value. With strong transportation access, established market connectivity, and the flexibility to execute a new vision for the property, this hotel offers investors and operators a chance to capitalize on a well-located hospitality asset in one of Lafayette's primary commercial gateways.
Property tours are by appointment only. Please contact the listing broker to schedule.
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- Property Information
- Purchase Agreement
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Property Facts
| Sale Type | Investment | Building Size | 27,249 SF |
| Sale Condition | Auction Sale | No. Rooms | 71 |
| Type of Ownership | Fee Simple | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1984/2005 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.04 AC | Parcel Number | 6023149 |
| Zoning | HC | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 27,249 SF |
| No. Rooms | 71 |
| No. Stories | 3 |
| Year Built/Renovated | 1984/2005 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | HC |
| Parcel Number | 6023149 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 71 | $47.00 | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
About Lafayette
Lafayette is in Southern Louisiana and is easily accessible by interstates 10 and 49, as well as U.S. Highway 90. The Lafayette Airport (LFT) is a regional airport served by American, Delta, and United Airlines providing direct access to major domestic destinations such as Dallas-Fort Worth, Atlanta, Houston, and Charlotte.
Leisure visitors are drawn by Lafayette’s rich Cajun and Creole history, which influences everything from the culinary and music scene to the area’s tourist attractions. Known for being the unofficial capital of Cajun Country, Lafayette has been named Best Food City in the USA, and the culinary scene continues to evolve. Popular attractions in the area include the Acadian Village, Lafayette Science Museum, Hilliard Art Museum, Vermilionville Historic Village, and Zoosiana.
Several events celebrating the area’s cultural roots attract thousands of visitors to Lafayette each year. The Festival International de Louisiane is an arts and music festival celebrating the region’s French heritage, and the Festivals Acadiens et Creoles is a three-day collection of festivals that takes place in October. Lafayette is also home to the second-largest Mardi Gras in Louisiana.
Lafayette is a regional hub for both healthcare and the oil and gas industry. Lafayette General Health provides more than 4,000 jobs, and over 6% of all jobs in the area are tied to oil exploration. The University of Louisiana at Lafayette is the second-largest university in the state, with over 15,000 students.
Sale Advisor
Sale Advisor
Eddy Nevarez, First Vice President of Investments
A professional in the real estate industry for more than 20 years, Eddy is armed with an arsenal of intellect, class, and experience that shines through to each of her clients and colleagues. Eddy started her Real Estate career as an investor along with her father. Together, they would invest in value-add properties, fix them up and sell then for a higher value. Eddy took this opportunity and started working with developers and very well-known investors in the industry to learn more about the business. Eddy’s enthusiasm and passion for Real Estate led her to start working commercial investments deal, which lead from multi-family, retail, development and hospitality. In 2014 Eddy became part of the very well-known Marcus & Millichap Real Estate Investment Services. Eddy was hired by the firm and became part of the National Hospitality Group of Marcus & Millichap. In a very short time, Eddy has developed great relationships with some of the best-known clients in the industry.
Eddy loves real estate because of the challenges the industry presents. No two transactions are the same, and Eddy thrives off the opportunity to help her clients in whatever situations are presented to them. A master in the art of negotiation, with Eddy there are no problems, only opportunities to find a solution. Eddy is a devoted and dedicated agent to her clients. Eddy will go above and beyond to meet her client needs. Her reputation speaks for itself. Her clientele is anywhere from small business owners, corporate institutions to worldwide national funds, which indicates the trust people have in her integrity, devotion, experience, and know how.
In 2021 had a record breaking year. Eddy is the ONLY FEMALE at Marcus & Millichap's 52+ year history to receive The Chairman's Club Circle of Excellence Award, an achievement only designated to the highest producing investment professionals through the company.
Eddy loves real estate because of the challenges the industry presents. No two transactions are the same, and Eddy thrives off the opportunity to help her clients in whatever situations are presented to them. A master in the art of negotiation, with Eddy there are no problems, only opportunities to find a solution. Eddy is a devoted and dedicated agent to her clients. Eddy will go above and beyond to meet her client needs. Her reputation speaks for itself. Her clientele is anywhere from small business owners, corporate institutions to worldwide national funds, which indicates the trust people have in her integrity, devotion, experience, and know how.
In 2021 had a record breaking year. Eddy is the ONLY FEMALE at Marcus & Millichap's 52+ year history to receive The Chairman's Club Circle of Excellence Award, an achievement only designated to the highest producing investment professionals through the company.
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Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr BROK.0995692305-CORP Irvine, CA; Auction Firm LA AB-446
1 of 26
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Lender Owned | Vacant 71-Room Hotel on I-49 | 2224 NE Evangeline Trwy
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Lender Owned | Vacant 71-Room Hotel on I-49 | 2224 NE Evangeline Trwy
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