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Hotel-Motel

Super 8 by Wyndham Kinder

12312 US-165, Kinder, LA 70648

Listing Price: $2,125,000

Cap Rate
15.98%
Number of Rooms
56
RevPAR
$29
Price/Room
$37,946
RRM
3.54
Year Built
1998

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 Super 8 Kinder/Coushatta Near Casino (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel is offered at $2,125,000 or $37,946 per key. The Super 8 Kinder/Coushatta Near Casino is located just off Highway 165 at 12312 Highway 165 in Kinder, Louisiana. The 56-room, interior-corridor, select-service building was built in 1998 and maintains approximately 25,000 square feet between two floors. Recently renovated, the Property has refurbished the roof, paint, mattresses, and other case goods. The Hotel also provides common area amenities such as RV and truck parking, a vending machine, and a breakfast area. Kinder is located in Allen Parish, Louisiana, about 33 miles northeast of Lake Charles and 68 miles northwest of Lafayette. Positioned in the eastern part of the state, the town of Kinder is home to the largest casino resort in Louisiana: Coushatta Casino Resort. The casino boasts a plethora of amenities including the featured Koasati Pines Golf Course, an 18-hole, par 72 golf course. In addition to maintaining a championship layout golf course, the casino also provides 50,000 square feet of meeting space, restaurants, live entertainment, RV accommodations, and employs over 2,600 people. While the largest economic contributor is the Coushatta Casino, Kinder also benefits from business brought in by Louisiana’s scenic waterways. The Calcasieu and the Ouiska Chitto are two of the most frequented waterways that provide ample settings for fishing, canoeing, and site-seeing. Lastly, the West Bay Wildlife Management Area is popular among avid members of the duck and goose hunting community. In 2021, the 56-room, limited-service Hotel recorded room revenues over $752,000 and a 56.8 percent net operating income flow through, which translates to over $428,000, after a four percent capital replacement reserve. With a RevPAR of $36.44, the Hotel shows a RevPAR penetration index of 74 percent compared to the STR-defined competitive set, presenting significant upside potential. A prospective buyer can optimize Hotel operations through strategic marketing and revenue management, not only boosting RevPAR but furthering overall value.

Investment Highlights

  • Two-Story, 56-Room, Interior-Corridor, Limited-Service, Wyndham Hotels-Branded Hotel
  • Priced to sell at a 15.98 Percent Cap Rate and Below Replacement Cost at $37,946 Per Key
  • Excellent Highway Visibility and Accessibility from Highway 165
  • Converted to Super 8 in July 2020, The Recently Renovated Property is Expected to Have Minimal PIP at Transfer
  • Located Approximately 1 Mile from Coushatta Casino Resort

Exclusively Listed By

Financing By

Hotel-Motel

Super 8 by Wyndham Kinder

Listing Price: $2,125,000

Cap Rate
15.98%
Number of Rooms
56
RevPAR
$29
Price/Room
$37,946
RRM
3.54
Year Built
1998

Investment Highlights

  • Two-Story, 56-Room, Interior-Corridor, Limited-Service, Wyndham Hotels-Branded Hotel
  • Priced to sell at a 15.98 Percent Cap Rate and Below Replacement Cost at $37,946 Per Key
  • Excellent Highway Visibility and Accessibility from Highway 165
  • Converted to Super 8 in July 2020, The Recently Renovated Property is Expected to Have Minimal PIP at Transfer
  • Located Approximately 1 Mile from Coushatta Casino Resort

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 Super 8 Kinder/Coushatta Near Casino (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel is offered at $2,125,000 or $37,946 per key. The Super 8 Kinder/Coushatta Near Casino is located just off Highway 165 at 12312 Highway 165 in Kinder, Louisiana. The 56-room, interior-corridor, select-service building was built in 1998 and maintains approximately 25,000 square feet between two floors. Recently renovated, the Property has refurbished the roof, paint, mattresses, and other case goods. The Hotel also provides common area amenities such as RV and truck parking, a vending machine, and a breakfast area. Kinder is located in Allen Parish, Louisiana, about 33 miles northeast of Lake Charles and 68 miles northwest of Lafayette. Positioned in the eastern part of the state, the town of Kinder is home to the largest casino resort in Louisiana: Coushatta Casino Resort. The casino boasts a plethora of amenities including the featured Koasati Pines Golf Course, an 18-hole, par 72 golf course. In addition to maintaining a championship layout golf course, the casino also provides 50,000 square feet of meeting space, restaurants, live entertainment, RV accommodations, and employs over 2,600 people. While the largest economic contributor is the Coushatta Casino, Kinder also benefits from business brought in by Louisiana’s scenic waterways. The Calcasieu and the Ouiska Chitto are two of the most frequented waterways that provide ample settings for fishing, canoeing, and site-seeing. Lastly, the West Bay Wildlife Management Area is popular among avid members of the duck and goose hunting community. In 2021, the 56-room, limited-service Hotel recorded room revenues over $752,000 and a 56.8 percent net operating income flow through, which translates to over $428,000, after a four percent capital replacement reserve. With a RevPAR of $36.44, the Hotel shows a RevPAR penetration index of 74 percent compared to the STR-defined competitive set, presenting significant upside potential. A prospective buyer can optimize Hotel operations through strategic marketing and revenue management, not only boosting RevPAR but furthering overall value.

Exclusively Listed By

Financing By

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