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Hotel-Motel

Ramada by Wyndham New Iberia

2915 LA-14, New Iberia, LA 70560

Starting Bid: $300,000

Number of Rooms
160
RevPAR
$1
Gross SF
65,000
Price/Room
$1,875
Price/Gross SF
$4.62
Year Built
1977
Auction Type
Reserve
Auction Start Date
Aug 4, 2025
Auction End Date
Aug 6, 2025

Investment Overview

Marcus & Millichap is pleased to exclusively represent the bank in the sale of the Ramada by Wyndham New Iberia, a 160-room, two-story, exterior corridor hotel located at 2915 Louisiana Highway 14 in New Iberia, Louisiana. This Real Estate Owned (REO) asset represents a rare opportunity to acquire a value-oriented hotel with strong repositioning potential in a market supported by both corporate and leisure demand drivers.
Built in 1977 and situated on 6.49 acres, the property features a centralized outdoor pool, 240 surface parking spaces, and prominent visibility at a signalized intersection just off US Highway 90—a major regional artery with over 32,890 vehicles per day.

Investment Highlights

  • REO Sale: Bank-owned asset with flexible closing and value pricing
  • Prime Visibility: Signalized corner location with over 32,890 VPD
  • Underperforming Asset: Operated by absentee ownership, offering significant room for revenue improvement
  • Submarket Growth: Southern Louisiana hospitality submarket has experienced 2.1% ADR and 2.8% RevPAR growth year-over-year
  • Dense Demand Drivers: Located within a 3-mile radius of Walmart Supercenter, T.J. Maxx, restaurants, and 14,000+ daytime workers
  • Strategic Access: 30 minutes from Lafayette Regional Airport (LFT) and Downtown Lafayette

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s) LA: BROK.995710346-ASA

    Louisiana

Financing By

Hotel-Motel

Ramada by Wyndham New Iberia

Starting Bid: $300,000

Number of Rooms
160
RevPAR
$1
Gross SF
65,000
Price/Room
$1,875
Price/Gross SF
$4.62
Year Built
1977
Auction Type
Reserve
Auction Start Date
Aug 4, 2025
Auction End Date
Aug 6, 2025

Investment Highlights

  • REO Sale: Bank-owned asset with flexible closing and value pricing
  • Prime Visibility: Signalized corner location with over 32,890 VPD
  • Underperforming Asset: Operated by absentee ownership, offering significant room for revenue improvement
  • Submarket Growth: Southern Louisiana hospitality submarket has experienced 2.1% ADR and 2.8% RevPAR growth year-over-year
  • Dense Demand Drivers: Located within a 3-mile radius of Walmart Supercenter, T.J. Maxx, restaurants, and 14,000+ daytime workers
  • Strategic Access: 30 minutes from Lafayette Regional Airport (LFT) and Downtown Lafayette

Investment Overview

Marcus & Millichap is pleased to exclusively represent the bank in the sale of the Ramada by Wyndham New Iberia, a 160-room, two-story, exterior corridor hotel located at 2915 Louisiana Highway 14 in New Iberia, Louisiana. This Real Estate Owned (REO) asset represents a rare opportunity to acquire a value-oriented hotel with strong repositioning potential in a market supported by both corporate and leisure demand drivers. Built in 1977 and situated on 6.49 acres, the property features a centralized outdoor pool, 240 surface parking spaces, and prominent visibility at a signalized intersection just off US Highway 90—a major regional artery with over 32,890 vehicles per day.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s): LA: BROK.995710346-ASA

    Louisiana

Financing By

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