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Best Western Morgan City Inn 610 Martin Luther King Jr Blvd 57 Room Hotel Morgan City, LA 70380 $4,200,000 ($73,684/Room) 11.56% Cap Rate
Investment Highlights
- Extremely attractive Cap Rate at 11%+
- Centrally located within Morgan City’s Cajun Coast region
- USDA Financing Eligible
- Perfect owner operator opportunity with aggresive cash flow day one - 26%+ Net Cash on Cash Return
- Proximity to major employers, medical facilities, higher education, and government operations
Executive Summary
**ACTUAL NOI IS SLIGHTLY HIGHER at $485,501***
Rooms: 57
2 Stories
Rooms: 57
2 Stories
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,200,000 | Lot Size | 1.32 AC |
| Price Per Room | $73,684 | Building Size | 28,500 SF |
| Sale Type | Investment | No. Rooms | 57 |
| Cap Rate | 11.56% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 2007/2022 |
| Property Subtype | Hotel | Parking Ratio | 2.39/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C-2 - General Commercial Zone | ||
| Price | $4,200,000 |
| Price Per Room | $73,684 |
| Sale Type | Investment |
| Cap Rate | 11.56% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.32 AC |
| Building Size | 28,500 SF |
| No. Rooms | 57 |
| No. Stories | 2 |
| Year Built/Renovated | 2007/2022 |
| Parking Ratio | 2.39/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 - General Commercial Zone |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 13 | $129.00 | - |
| Guest Room | 44 | $116.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3284341258 | Improvements Assessment | $96,500 |
| Land Assessment | $19,000 | Total Assessment | $115,500 |
Property Taxes
Parcel Number
3284341258
Land Assessment
$19,000
Improvements Assessment
$96,500
Total Assessment
$115,500
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Best Western Morgan City Inn | 610 Martin Luther King Jr Blvd
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