Investment Overview

Marcus & Millichap is pleased to present the Holiday Inn Express & Suites Opelousas, a 78-room, interior corridor hotel located directly off I-49 in Opelousas, Louisiana. Originally built as a Holiday Inn and converted to a Holiday Inn Express in 2022, the property benefits from a strong franchise with minimal anticipated Change of Ownership PIP. The current IHG franchise agreement is in place through 2036, offering long-term brand stability for an incoming owner. The hotel has consistently outperformed its competitive set with a 3-year average RevPAR index of 148.8 percent, ranking #1 in Occupancy, ADR, and RevPAR for both 2023 and 2024. The property is strategically located near major demand drivers, including Evangeline Downs Racetrack & Casino, the GEO Group’s South Louisiana ICE Processing Center, Tony Chachere’s facility, and the Walmart Distribution Center. This offering presents a rare opportunity to acquire a top-performing, recently converted IHG asset in a stable tertiary market with proven upside and limited nearby competition.