PLANTATION MOTOR INN - VALUE ADDED DEAL! | 2810 NE Evangeline Trwy
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PLANTATION MOTOR INN - VALUE ADDED DEAL! 2810 NE Evangeline Trwy
88 Room Hotel Lafayette, LA 70507 $3,977,875 CAD ($45,203 CAD/Room) 8.73% Cap Rate
INVESTMENT HIGHLIGHTS
- VALUE ADDED DEAL ON MAJOR INTERSTATE-88 KEYS-$31,534 PER KEY - 8.73 CAP
- UPDATING OFFICE, LOBBY, MEETING ROOM, RESTAURANT INTO SELF -SERVE & UPDATING GUEST ROOMS
- COULD BE AN EASY CONVERSION TO APTS!
- RECENTLY RENOVATED EXTERIOR INCLUDING ROOFS - BUILDINGS IN VERY GOOD CONDITION!
- WILL SUBSTANTIALLY INCREASE OCCUPANCY AND ARR.
EXECUTIVE SUMMARY
VALUE ADDED DEAL! - 88 KEYS - ASKING $31,534 PER KEY.
8.73 CAP CASH ON CASH
ON INTERSTATE 49 - 1.2 MILES NORTH OF 1-10.
COULD BE AN EASY CONVERSION TO APTS!
STANDALONE OFFICE BUILDING HAS RESTAURANT AND MEETING ROOM THAT ARE CLOSED.
RECENTLY RENOVATED EXTERIOR INCLUDING ROOFS-BUILDINGS IN VERY GOOD CONDITION.
UPDATING OFFICE, LOBBY, MEETING ROOM, RESTAURANT INTO SELF -SERVE & UPDATING GUEST ROOMS,
WILL SUBSTANTIALLY INCREASE OCCUPANCY AND ARR.
1/2+/- OF ROOMS HAVE WEEKLY GUESTS.
WIFI
Laundry Room
Plenty of Free Onsite Parking
Wheelchair Access to Common/Public Areas
Balcony/Terrace
Coffeemaker (some)
Refrigerator (some)
Cable/Satellite TV
8.73 CAP CASH ON CASH
ON INTERSTATE 49 - 1.2 MILES NORTH OF 1-10.
COULD BE AN EASY CONVERSION TO APTS!
STANDALONE OFFICE BUILDING HAS RESTAURANT AND MEETING ROOM THAT ARE CLOSED.
RECENTLY RENOVATED EXTERIOR INCLUDING ROOFS-BUILDINGS IN VERY GOOD CONDITION.
UPDATING OFFICE, LOBBY, MEETING ROOM, RESTAURANT INTO SELF -SERVE & UPDATING GUEST ROOMS,
WILL SUBSTANTIALLY INCREASE OCCUPANCY AND ARR.
1/2+/- OF ROOMS HAVE WEEKLY GUESTS.
WIFI
Laundry Room
Plenty of Free Onsite Parking
Wheelchair Access to Common/Public Areas
Balcony/Terrace
Coffeemaker (some)
Refrigerator (some)
Cable/Satellite TV
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 88 | $91.13 CAD | - |
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PROPERTY TAXES
| Parcel Number | 6021250 | Improvements Assessment | $233,893 CAD |
| Land Assessment | $42,082 CAD | Total Assessment | $275,975 CAD |
PROPERTY TAXES
Parcel Number
6021250
Land Assessment
$42,082 CAD
Improvements Assessment
$233,893 CAD
Total Assessment
$275,975 CAD
ZONING
| Zoning Code | R3 (Hospitality) |
| R3 (Hospitality) |
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PLANTATION MOTOR INN - VALUE ADDED DEAL! | 2810 NE Evangeline Trwy
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