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Hotel-Motel

Comfort Inn & Suites - Baton Rouge Airport

2949 Varsity St, Baton Rouge, LA 70807

Listing Price: $4,600,000

Number of Rooms
77
RevPAR
$40
Price/Room
$59,740
RRM
4.05
Year Built
2000

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 Comfort Inn & Suites–Baton Rouge Airport (‘Hotel’ or ‘Property’). The limited-service Choice hotels International-branded Hotel is offered at $4,600,000 or $59,740 per key.

The Comfort Inn & Suites–Baton Rouge Airport is a three-story, 77-room hotel stationed at 2949 Varsity Street, just off Interstate 110. The hotel features an outdoor pool, business center, guest laundry facilities, and 360 square feet of meeting and event space. Spacious guest rooms offer a flat-screen television, a work desk with an ergonomic chair, a microwave, and a refrigerator. The Hotel has been thoughtfully maintained by current ownership, having install new flooring as required by the Choice Hotels property improvement plan. The property is located less than half a mile from Baton Rouge Metropolitan Airport (BTR). BTR serves as a hub for domestic flights, connecting Baton Rouge to major cities across the United States. Baton Rouge Metropolitan passenger traffic increased 16.5 percent in comparison to the corresponding period in 2022.

Baton Rouge is the capital of Louisiana and its second-largest city on the eastern bank of the Mississippi River and is the parish seat of East Baton Rouge Parish. The region is a major industrial, petrochemical, medical, research, motion picture, and growing technology center of the American South. Major corporations that contribute to the economy of Baton Rouge and its metropolitan statistical area include Amazon, Dow Chemical Company, ExxonMobil, Shell, Lamar Advertising Company, BBQ Guys, Marucci Sports, Piccadilly Restaurants, Raising Cane’s Chicken Fingers, and Brown & Root.

Louisiana State University, located less than 10 miles from the Property, hosts several events year-round, especially at LSU Tiger Stadium which has a maximum capacity of over 100,000. The largest institution of higher education in the state, LSU boasts enrollment of nearly 36,000 students. Additionally, located just two miles from the Hotel, AW Mumford Stadium is a multi-purpose area that can host football, soccer, and track field events. At full capacity, the stadium can hold over 28,500 people. The FG Clark Activity Center (2.1 miles), also known as the "mini dome," is a 16,000 sq. ft. facility that can accommodate over 8,000 people for basketball and other campus events, community events, concerts, and other events.

Investment Highlights

  • 77-Room, Three-Story, Limited-Service Hotel within the Greater Baton Rouge MSA
  • Excellent Access to Interstate 110 and the Closest Hotel to the Airport - Less than Half a Mile from the Baton Rouge Metropolitan Airport
  • Prominent Nearby Business Demand Generators Like Amazon, Dow Chemical Company, ExxonMobil, Shell, Lamar Advertising Company, BBQ Guys, Marucci Sports, Piccadilly Restaurants, Raising Cane's
  • Located Less than 10 Miles from the Property, Louisiana State University Helps Facilitate Room Demand to the Area
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Financing By

Hotel-Motel

Comfort Inn & Suites - Baton Rouge Airport

Listing Price: $4,600,000

Number of Rooms
77
RevPAR
$40
Price/Room
$59,740
RRM
4.05
Year Built
2000

Investment Highlights

  • 77-Room, Three-Story, Limited-Service Hotel within the Greater Baton Rouge MSA
  • Excellent Access to Interstate 110 and the Closest Hotel to the Airport - Less than Half a Mile from the Baton Rouge Metropolitan Airport
  • Prominent Nearby Business Demand Generators Like Amazon, Dow Chemical Company, ExxonMobil, Shell, Lamar Advertising Company, BBQ Guys, Marucci Sports, Piccadilly Restaurants, Raising Cane's
  • Located Less than 10 Miles from the Property, Louisiana State University Helps Facilitate Room Demand to the Area
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

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 Comfort Inn & Suites–Baton Rouge Airport (‘Hotel’ or ‘Property’). The limited-service Choice hotels International-branded Hotel is offered at $4,600,000 or $59,740 per key. The Comfort Inn & Suites–Baton Rouge Airport is a three-story, 77-room hotel stationed at 2949 Varsity Street, just off Interstate 110. The hotel features an outdoor pool, business center, guest laundry facilities, and 360 square feet of meeting and event space. Spacious guest rooms offer a flat-screen television, a work desk with an ergonomic chair, a microwave, and a refrigerator. The Hotel has been thoughtfully maintained by current ownership, having install new flooring as required by the Choice Hotels property improvement plan. The property is located less than half a mile from Baton Rouge Metropolitan Airport (BTR). BTR serves as a hub for domestic flights, connecting Baton Rouge to major cities across the United States. Baton Rouge Metropolitan passenger traffic increased 16.5 percent in comparison to the corresponding period in 2022. Baton Rouge is the capital of Louisiana and its second-largest city on the eastern bank of the Mississippi River and is the parish seat of East Baton Rouge Parish. The region is a major industrial, petrochemical, medical, research, motion picture, and growing technology center of the American South. Major corporations that contribute to the economy of Baton Rouge and its metropolitan statistical area include Amazon, Dow Chemical Company, ExxonMobil, Shell, Lamar Advertising Company, BBQ Guys, Marucci Sports, Piccadilly Restaurants, Raising Cane’s Chicken Fingers, and Brown & Root. Louisiana State University, located less than 10 miles from the Property, hosts several events year-round, especially at LSU Tiger Stadium which has a maximum capacity of over 100,000. The largest institution of higher education in the state, LSU boasts enrollment of nearly 36,000 students. Additionally, located just two miles from the Hotel, AW Mumford Stadium is a multi-purpose area that can host football, soccer, and track field events. At full capacity, the stadium can hold over 28,500 people. The FG Clark Activity Center (2.1 miles), also known as the "mini dome," is a 16,000 sq. ft. facility that can accommodate over 8,000 people for basketball and other campus events, community events, concerts, and other events.

Exclusively Listed By

Financing By

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