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Hotel-Motel

Red Roof Inn

234 N Lobdell Hwy, Port Allen, LA 70767

Listing Price: $5,000,000

Cap Rate
8.28%
Number of Rooms
100
RevPAR
$33
Gross SF
54,226
Price/Room
$50,000
Price/Gross SF
$92.21
Year Built
1978

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 100-room, interior corridor, Red Roof Inn hotel located off of Lobdell Highway in Port Allen, Louisiana. Port Allen, known for the popular Port of Greater Baton Rouge, is part of the fast growing Baton Rouge Metro Area (MSA), which has a population of over 825,000. Port Allen is part of West Baton Rouge Parish County, and is located just minutes away from the city of Baton Rouge and Louisiana State University (LSU). LSU is the largest university in the state, enrolling nearly 36,000 students. The hotel is a short drive from major demand drivers such as LSU Tiger Stadium, Southern University and A&M College, Capitol Park Museum, and Downtown Baton Rouge. Red Roof Inn offers investors the opportunity to acquire a 100- room, interior corridor hotel in a rapidly expanding location in Louisiana.

Investment Highlights

  • The Red Roof Port Allen is a 100-room, interior corridor hotel located in Port Allen, Louisiana. This hotel is just minutes away from Louisiana State University (LSU) and Port of Greater Baton Rouge
  • Four Separate Buildings, All Interior Corridor Hotel Located Less Than 20 Minutes Away From Baton Rouge Metropolitan Airport Which Provides Flights For Over 800,000 Passengers A Year
  • Opportunity For A New Owner to Increase RevPAR By Boosting Average Daily Rate (ADR). Opportunity For A New Owner to Increase Net Operating Income by Lowering Historically High Room Expense.

Exclusively Listed By

  • David M. Greenberg

    Senior Managing Director Investments

    (954) 245-3449

    Email David

    License(s): FL: SL3140783

    Fort Lauderdale

Hotel-Motel

Red Roof Inn

Listing Price: $5,000,000

Cap Rate
8.28%
Number of Rooms
100
RevPAR
$33
Gross SF
54,226
Price/Room
$50,000
Price/Gross SF
$92.21
Year Built
1978

Investment Highlights

  • The Red Roof Port Allen is a 100-room, interior corridor hotel located in Port Allen, Louisiana. This hotel is just minutes away from Louisiana State University (LSU) and Port of Greater Baton Rouge
  • Four Separate Buildings, All Interior Corridor Hotel Located Less Than 20 Minutes Away From Baton Rouge Metropolitan Airport Which Provides Flights For Over 800,000 Passengers A Year
  • Opportunity For A New Owner to Increase RevPAR By Boosting Average Daily Rate (ADR). Opportunity For A New Owner to Increase Net Operating Income by Lowering Historically High Room Expense.

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 100-room, interior corridor, Red Roof Inn hotel located off of Lobdell Highway in Port Allen, Louisiana. Port Allen, known for the popular Port of Greater Baton Rouge, is part of the fast growing Baton Rouge Metro Area (MSA), which has a population of over 825,000. Port Allen is part of West Baton Rouge Parish County, and is located just minutes away from the city of Baton Rouge and Louisiana State University (LSU). LSU is the largest university in the state, enrolling nearly 36,000 students. The hotel is a short drive from major demand drivers such as LSU Tiger Stadium, Southern University and A&M College, Capitol Park Museum, and Downtown Baton Rouge. Red Roof Inn offers investors the opportunity to acquire a 100- room, interior corridor hotel in a rapidly expanding location in Louisiana.

Exclusively Listed By

  • David M. Greenberg

    Senior Managing Director Investments

    (954) 245-3449

    Email David

    License(s): FL: SL3140783

    Fort Lauderdale

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