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Hotel-Motel

OYO Hotel Baton Rouge East I-12

9999 Gwenadele Ave, Baton Rouge, LA 70816

Listing Price: $4,700,000

Cap Rate
12.64%
Number of Rooms
130
RevPAR
$28
Price/Room
$36,154
RRM
3.52
Year Built
1983

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the OYO Hotel Baton Rouge East I-12 (‘Hotel’ or ‘Property’). The OYO Hotels-branded Hotel is offered at $4,700,000 or $36,154 per key. The OYO Hotel Baton Rouge East I-12 is located at 9999 Gwenadele Ave in Baton Rouge, Louisiana just off Interstate 12 and Highway 61. The 130-room, exterior-corridor, two-story building was built in 1983 and is situated on a 2.49-acre plot. With approximately 60,000 square feet between two floors, the Property maintains common area amenities such as an outdoor swimming pool, vending machines, and guest laundry facility. Baton Rouge, the capital and second-largest city of Louisiana, is in the southwest region of the state about 81 miles northwest of New Orleans. The city has a metropolitan airport, a diverse economy, a myriad of attractions, and a university, providing many reasons for people to live in and visit. As a result of it being one of the most populated cities in Louisiana, the city’s strong economy is driven by many different industries. From the motion picture industry to the industrial sector of the economy, Baton Rouge has the capacity to meet the needs of all kinds of production demands. With Louisiana sitting as the seventh biggest producer in overall oil and gas production, one of Baton Rouge’s many major economic contributors includes the petrochemical industry. Within this sector of the economy, ExxonMobil and Dow Chemical Company operate as two of the top employers in the city. Other major industries include medical, research, and growing technology, which play smaller, yet important roles in the local economy. The economy is also greatly supported by top employers in the region such as Louisiana State University, Lamar Advertising Company, BBQ Guys, Marucci Sports, and Piccadilly Restaurants. While the city persists in its business output, major attractions such as the State Capitol, Capitol Park Museum, the Louisiana Art & Science Museum, and a variety of city tours all drive tourism that supports the local economy. In 2021, the Hotel recorded room revenues of over $1.33 million, coupled with an ideal net operating income flow-through of 45 percent of total revenue, which equates to over $594 thousand. The limited-service Hotel is an ideal investment for an owner-operator who can continue maximizing returns through healthy cash flows and continual RevPAR growth.

Investment Highlights

  • Two-Story, 130-Room, Exterior-Corridor, OYO Hotels-Branded Hotel
  • Priced Below Replacement Costs at $36,154Per Key
  • Excellent Highway Accessibility from Highway 61 and Interstate 12
  • Surrounded by Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Over $1.33 Million of Room Revenue Through Year-End 2021

Exclusively Listed By

Hotel-Motel

OYO Hotel Baton Rouge East I-12

Listing Price: $4,700,000

Cap Rate
12.64%
Number of Rooms
130
RevPAR
$28
Price/Room
$36,154
RRM
3.52
Year Built
1983

Investment Highlights

  • Two-Story, 130-Room, Exterior-Corridor, OYO Hotels-Branded Hotel
  • Priced Below Replacement Costs at $36,154Per Key
  • Excellent Highway Accessibility from Highway 61 and Interstate 12
  • Surrounded by Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Over $1.33 Million of Room Revenue Through Year-End 2021

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the OYO Hotel Baton Rouge East I-12 (‘Hotel’ or ‘Property’). The OYO Hotels-branded Hotel is offered at $4,700,000 or $36,154 per key. The OYO Hotel Baton Rouge East I-12 is located at 9999 Gwenadele Ave in Baton Rouge, Louisiana just off Interstate 12 and Highway 61. The 130-room, exterior-corridor, two-story building was built in 1983 and is situated on a 2.49-acre plot. With approximately 60,000 square feet between two floors, the Property maintains common area amenities such as an outdoor swimming pool, vending machines, and guest laundry facility. Baton Rouge, the capital and second-largest city of Louisiana, is in the southwest region of the state about 81 miles northwest of New Orleans. The city has a metropolitan airport, a diverse economy, a myriad of attractions, and a university, providing many reasons for people to live in and visit. As a result of it being one of the most populated cities in Louisiana, the city’s strong economy is driven by many different industries. From the motion picture industry to the industrial sector of the economy, Baton Rouge has the capacity to meet the needs of all kinds of production demands. With Louisiana sitting as the seventh biggest producer in overall oil and gas production, one of Baton Rouge’s many major economic contributors includes the petrochemical industry. Within this sector of the economy, ExxonMobil and Dow Chemical Company operate as two of the top employers in the city. Other major industries include medical, research, and growing technology, which play smaller, yet important roles in the local economy. The economy is also greatly supported by top employers in the region such as Louisiana State University, Lamar Advertising Company, BBQ Guys, Marucci Sports, and Piccadilly Restaurants. While the city persists in its business output, major attractions such as the State Capitol, Capitol Park Museum, the Louisiana Art & Science Museum, and a variety of city tours all drive tourism that supports the local economy. In 2021, the Hotel recorded room revenues of over $1.33 million, coupled with an ideal net operating income flow-through of 45 percent of total revenue, which equates to over $594 thousand. The limited-service Hotel is an ideal investment for an owner-operator who can continue maximizing returns through healthy cash flows and continual RevPAR growth.

Exclusively Listed By

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