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Hotel-Motel

Holiday Inn Express Eunice

1698 U.S. Hwy 190, Eunice, LA 70535

Listing Price: Request For Offer

Number of Rooms
68
RevPAR
$56
Year Built
2009

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 Holiday Inn Express Eunice (‘Hotel’ or ‘Property’). The IHG-branded Hotel is offered at a "call for offers" basis. Please reach out to the listing agent for more information. The Holiday Inn Express Eunice is located at 1698 Highway 190 West in Eunice, Louisiana, positioned just off U.S. Highway 190. The 68-room, three-story, building was constructed in 2009 and renovated with a complete Formula Blue property improvement plan (PIP) in 2019. The Hotel maintains a wide variety of high-quality amenities and common areas, such as an indoor pool with a hot tub, breakfast area, fitness center, 400 square feet of board-style meeting room space, and 1.5 acres of unused land that could potentially be developed into a storage facility, another hotel, or an event venue. Known as the “prairie” Cajun capital of Louisiana, Eunice is strategically located in St Landry Parish surrounded by multiple natural gas oil and natural resource pipelines both upstream and downstream. In addition, Eunice is home to 1,160-megawatt power plant operated by CLECO and 580-megawatt plant operated by Entergy Louisiana LLC closely situated to LSU- Eunice. Furthermore, LSU-Eunice is the only community college in the state offering associate degrees with over 4,000 full and part-time students. In addition, the Acadiana Medical Center and hospital that provides medical services to all the surrounding towns, plus assisted living facilities are close by. Situated within three parishes, with the St. Landry portion as a part of the Opelousas-Eunice micropolitan statistical area and the Acadia portion as a part of the Crowley micropolitan statistical area, Eunice is situated along U.S. Highway 190. Much like the rest of Louisiana, Cajun culture is a prominent staple of Eunice, influencing the city’s art, food, and music. Eunice is famous for its Cajun music and the local government furthers this reach by The City of Eunice and the National Park Service sponsoring a live Cajun music show every Saturday night at the Liberty Theatre. A popular destination to celebrate Courir de Mardi Gras, the traditional rural French Louisiana Mardi Gras observance, Eunice is also host to the concurrently occurring World Championship Crawfish Étouffée Cook-Off. Lastly, the city is home to the Prairie Acadian Cultural Center, a unit of Jean Lafitte National Historical Park and Preserve, as well as the Cajun Music Hall of Fame and Museum. In the trailing twelve-month period ending in July 2022, the Property achieved nearly $1.4 million in room revenues while maintaining more than $530 thousand in net operating income, or 37.3 percent of gross revenues after a three percent management fee and four percent capital replacement reserve.

Investment Highlights

  • Fully Renovated 68-Room IHG Property that Sits on More Than 3 Acres of Prime Property on Hwy 190 in Eunice – the "Prairie" Cajun Capital of Louisiana
  • Property is Owned by Inexperienced Absentee, Out of State Operator
  • Board Style Meeting Room On – Site
  • Holiday Inn is a Globally Recognized Hospitality Franchise with 6,000 Hotels - One (1) Million Guest Rooms
  • Holiday Inn Express - One of the Fastest-Growing Brands in the IHG Portfolio, Emphasizes Operational Efficiency, with 80 Percent of a Location's Space Dedicated towards Revenue Generation
  • Holiday Inn Express Outperforms Other Hotels on Amenities that Impact Guest Satisfaction Scores Which Included their Proprietary Express Start Breakfast, Express Recharge, Express Essentials and the Power Shower
  • Franchise Term Expires in 2031 – Formula Blue Completed in 2019 – Estimated Costs $2.2M
  • Offered below Replacement Costs and Appraisal Value

Exclusively Listed By

Financing By

Hotel-Motel

Holiday Inn Express Eunice

Listing Price: Request For Offer

Number of Rooms
68
RevPAR
$56
Year Built
2009

Investment Highlights

  • Fully Renovated 68-Room IHG Property that Sits on More Than 3 Acres of Prime Property on Hwy 190 in Eunice – the "Prairie" Cajun Capital of Louisiana
  • Property is Owned by Inexperienced Absentee, Out of State Operator
  • Board Style Meeting Room On – Site
  • Holiday Inn is a Globally Recognized Hospitality Franchise with 6,000 Hotels - One (1) Million Guest Rooms
  • Holiday Inn Express - One of the Fastest-Growing Brands in the IHG Portfolio, Emphasizes Operational Efficiency, with 80 Percent of a Location's Space Dedicated towards Revenue Generation
  • Holiday Inn Express Outperforms Other Hotels on Amenities that Impact Guest Satisfaction Scores Which Included their Proprietary Express Start Breakfast, Express Recharge, Express Essentials and the Power Shower
  • Franchise Term Expires in 2031 – Formula Blue Completed in 2019 – Estimated Costs $2.2M
  • Offered below Replacement Costs and Appraisal Value

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 Holiday Inn Express Eunice (‘Hotel’ or ‘Property’). The IHG-branded Hotel is offered at a "call for offers" basis. Please reach out to the listing agent for more information. The Holiday Inn Express Eunice is located at 1698 Highway 190 West in Eunice, Louisiana, positioned just off U.S. Highway 190. The 68-room, three-story, building was constructed in 2009 and renovated with a complete Formula Blue property improvement plan (PIP) in 2019. The Hotel maintains a wide variety of high-quality amenities and common areas, such as an indoor pool with a hot tub, breakfast area, fitness center, 400 square feet of board-style meeting room space, and 1.5 acres of unused land that could potentially be developed into a storage facility, another hotel, or an event venue. Known as the “prairie” Cajun capital of Louisiana, Eunice is strategically located in St Landry Parish surrounded by multiple natural gas oil and natural resource pipelines both upstream and downstream. In addition, Eunice is home to 1,160-megawatt power plant operated by CLECO and 580-megawatt plant operated by Entergy Louisiana LLC closely situated to LSU- Eunice. Furthermore, LSU-Eunice is the only community college in the state offering associate degrees with over 4,000 full and part-time students. In addition, the Acadiana Medical Center and hospital that provides medical services to all the surrounding towns, plus assisted living facilities are close by. Situated within three parishes, with the St. Landry portion as a part of the Opelousas-Eunice micropolitan statistical area and the Acadia portion as a part of the Crowley micropolitan statistical area, Eunice is situated along U.S. Highway 190. Much like the rest of Louisiana, Cajun culture is a prominent staple of Eunice, influencing the city’s art, food, and music. Eunice is famous for its Cajun music and the local government furthers this reach by The City of Eunice and the National Park Service sponsoring a live Cajun music show every Saturday night at the Liberty Theatre. A popular destination to celebrate Courir de Mardi Gras, the traditional rural French Louisiana Mardi Gras observance, Eunice is also host to the concurrently occurring World Championship Crawfish Étouffée Cook-Off. Lastly, the city is home to the Prairie Acadian Cultural Center, a unit of Jean Lafitte National Historical Park and Preserve, as well as the Cajun Music Hall of Fame and Museum. In the trailing twelve-month period ending in July 2022, the Property achieved nearly $1.4 million in room revenues while maintaining more than $530 thousand in net operating income, or 37.3 percent of gross revenues after a three percent management fee and four percent capital replacement reserve.

Exclusively Listed By

Financing By

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