Skip to main content

Hotel-Motel

Microtel Inn & Suites Houma

1801 Martin Luther King Blvd, Houma, LA 70360

Listing Price: $3,800,000

Cap Rate
11.34%
Number of Rooms
63
RevPAR
$59
Gross SF
1
Price/Room
$60,317
Price/Gross SF
$3,800,000.00
Year Built
2007

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.

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

  • David J. Altman

    First Vice President Investments

    (954) 245-3426

    Email David

    License(s): FL: SL3256051, AL: 000144449 - 0

    Fort Lauderdale

Hotel-Motel

Microtel Inn & Suites Houma

Listing Price: $3,800,000

Cap Rate
11.34%
Number of Rooms
63
RevPAR
$59
Gross SF
1
Price/Room
$60,317
Price/Gross SF
$3,800,000.00
Year Built
2007

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

  • David J. Altman

    First Vice President Investments

    (954) 245-3426

    Email David

    License(s): FL: SL3256051, AL: 000144449 - 0

    Fort Lauderdale

MM Texture Background
MM Textured Background Lower