Hotel-Motel
Ramada by Wyndham New Iberia
2915 LA-14, New Iberia, LA 70560
Starting Bid: $300,000
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
Financing By
Starting Bid: $300,000
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
Financing By

