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Comfort Suites Lake Charles 1016 N Martin Luther King Hwy

70 Room Hotel Lake Charles, LA 70601 $7,016,229 CAD ($100,232 CAD/Room)

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Investment Highlights

70 units, interior corridor
Partial renovations completed in 2023 - minimal PIP to buyer
Lake Charles has a large athletics draw and is known for its theatrical and cultural events and is one of the highest producing gas and oil areas in t

Priced below replacement cost at $70,714 per key.
Strategically situated in a key location for liquefied natural gas (LNG) plants

Executive Summary

Bharat Patel-Vakil of NewGen Advisory is proud to present for sale the Comfort Suites in Lake Charles, Louisiana, one of the highest producing gas and oil areas in the nation. This 70 suites property was built in 2008 with partial renovations in 2021 & 2023 and represents an excellent opportunity for a qualified hotelier to manage high cash flowing asset with strong brand affiliation. A new owner should benefit from expecting a very little PIP from Choice Hotels. Offered at below replacement cost, the right buyer will have significant upside potential and value-added opportunity.
The hotel caters to interstate traffic, as well as many demand generators, such as the Lake Charles Event Center, Millennium Park, Mardi Gras Museum, North Beach, L'Auberge DuLac Casino and Delta Downs Racetrack & Casino. Lake Charles has some of the largest events and festivals in the state, such as Contraband Days, Mardi Gras, CultureFest, Black Heritage Festival, Live @ the Lakefront Music Festival, Rouge et Blanc, Downtown at Sundown Concert Series, Arts & Crabs Fest, and many more.
Located on Highway 171 in Lake Charles, Louisiana, Comfort Suites Lake Charles hotel offers easy access to casinos, corporate offices, golf courses, parks, lakes, restaurants and ballparks.
The Westlake/Lake Charles area has become a key location for LNG plants: Sempra Cameron LNG, Magnolia LNG, Cheniere Energy, Leucadia and G2x Energy. Additionally the Westlake/Lake Charles area is home to businesses such as Sasol Lake Charles Chemical Complex and Research and Development Laboratory, Phillip 66, Axiall.

Property Facts

Price	$7,016,229 CAD	Building Size	41,400 SF
Price Per Room	$100,232 CAD	No. Rooms	70
Sale Type	Investment	No. Stories	3
Property Type	Hospitality	Year Built/Renovated	2008/2021
Property Subtype	Hotel	Parking Ratio	1.71/1,000 SF
Building Class	B	Corridor	Interior
Lot Size	1.52 AC

Price	$7,016,229 CAD
Price Per Room	$100,232 CAD
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	1.52 AC
Building Size	41,400 SF
No. Rooms	70
No. Stories	3
Year Built/Renovated	2008/2021
Parking Ratio	1.71/1,000 SF
Corridor	Interior