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- LoopNet Team
400 Spanish Town Blvd
New Iberia, LA 70560
Hampton Inn & Suites New Iberia, LA · Hospitality Property For Sale · 63,603 SF
Investment Highlights
- • Extensive Forever Young Renovation Completed!
- • Includes Spacious and Profitable Conference and Banquet Center
- • Priced Extremely Well at $88,235 Per Key
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 63,603 SF |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | B | Year Built | 1995 |
| Lot Size | 3.53 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.53 AC |
| Building Size | 63,603 SF |
| No. Stories | 3 |
| Year Built | 1995 |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
About 400 Spanish Town Blvd , New Iberia, LA 70560
• As part of the Hilton brand, this hotel benefits from the worldwide recognition of the Hampton Inn & Suites brand. It is known nationally as the market leader in limited-service hotels across the U.S. • Located less than 20 miles from both the Lafayette Regional and Acadiana Regional Airports o The closest major airport to the hotel is the New Orleans International Airport which is approximately 2 hours away. • The property was built in 2010 and has been under renovation since 2021. Its underperformance in 2021/2022 can be attributed to the renovation of room blocks. o The property after PIP will have tremendous upside which we are now starting to see with the recent increase in revenue. • The property after PIP has tremendous upside which we are now starting to see with the recent increase in revenue reaching $2.2M and targeted to achieve $2.4M-$2.5M o Owners have spent $2,000,000 on the renovation since owning. o The new Owner will expect to receive a new 15-20 year license with Hilton. • We have management companies who will be able to help manage the property for an absentee owner.
PROPERTY TAXES
| Parcel Number | 0504691134D | Improvements Assessment | $661,230 |
| Land Assessment | $82,561 | Total Assessment | $743,791 |
PROPERTY TAXES
zoning
| Zoning Code | C2 |
| C2 |
