Hotel-Motel
Microtel Inn & Suites Houma
1801 Martin Luther King Blvd, Houma, LA 70360
Listing Price: $3,800,000
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 63 room Microtel Inn & Suites by Wyndham located in Houma, Louisiana. The Microtel Inn & Suites is a 2007-build, three-story property located near State Highway 24, one of the major routes through Houma, providing ease of access for tourism. Houma is the principal city of the Houma-Bayou Cane-Thibodaux MSA, which comprises the entirety of Terrebonne Parish. Houma is known for its Cajun food, music, charter boat fishing, and swamps. The property provides the opportunity for a new owner to enjoy a mid-size hotel that has been completely renovated following damage from Hurricane Ida in September 2021.
Microtel Inn & Suites Houma
Investment Highlights
- The Microtel Inn & Suites has been closed for 16 months following Hurricane Ida and has been completely renovated
- Located directly off MLK Boulevard and within close proximity to other major roads including U.S. Route 90, a major thoroughfare in Louisiana which provides a direct route into New Orleans
- Upside potential to increase cash flows from operations by allowing a new operator to employ more aggressive sales and marketing and expense management techniques
Exclusively Listed By
Listing Price: $3,800,000
Investment Highlights
- The Microtel Inn & Suites has been closed for 16 months following Hurricane Ida and has been completely renovated
- Located directly off MLK Boulevard and within close proximity to other major roads including U.S. Route 90, a major thoroughfare in Louisiana which provides a direct route into New Orleans
- Upside potential to increase cash flows from operations by allowing a new operator to employ more aggressive sales and marketing and expense management techniques
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 63 room Microtel Inn & Suites by Wyndham located in Houma, Louisiana. The Microtel Inn & Suites is a 2007-build, three-story property located near State Highway 24, one of the major routes through Houma, providing ease of access for tourism. Houma is the principal city of the Houma-Bayou Cane-Thibodaux MSA, which comprises the entirety of Terrebonne Parish. Houma is known for its Cajun food, music, charter boat fishing, and swamps. The property provides the opportunity for a new owner to enjoy a mid-size hotel that has been completely renovated following damage from Hurricane Ida in September 2021.
Exclusively Listed By
