133-Room Hotel at I-10

Hospitality for Sale
Catylist Listing ID: 30852686
Property Subtypes: Hotel, Motel
Number of Units: 133 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 3.56 Acres
Sale Price: $4,800,000
Unit Price: $36,090.23 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/27/2024

Overview / Comments

Now available for sale, 821 S Lobdell Hwy is a 133 room OYO Hotel located in Port Allen with direct access to I-10. This hotel is fully operational and has undergone substantial renovations under current ownership. It is equipped with a pool and cafe. Lobdell Hwy is located just two exits west of Downtown Baton Rouge and the Louisiana State University campus. The hotel capitalizes on heavy tourism produced by Mardi Gras, LSU sports, the River Center, and the State Capitol. The hotel is positioned to attract the numerous contract and out-of-state industrial workers brought to the area by plants, contractors, and Port of Greater Baton Rouge.

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Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: West Baton Rouge
Submarket/Township: 70
Tax ID/APN: 304520001000
Zoning: C1 – LIMITED COMMERCIAL
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Visibility: Good
Largest Nearby Street: I-10
Traffic/Vehicle Count: 86,721
Airports: Baton Rouge Metropolitan Airport (BTR)
Total Number of Buildings: 1
Number of Stories: 2
Water Recreation: Outdoor Pool
Total Parking Spaces: 150
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,685 16,621 72,314
Median Age: 32.01 34.61 29.98
Households: 651 6,357 28,481

Contact

Photograph of Listing Agent

Jacob Loveland

Elifin Realty Baton Rouge, LA 70801
LACDB Member
Photograph of Listing Agent

Keagan Finley

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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