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Hotel-Motel

Comfort Suites Alexandria

6015 Old Boyce Road, Alexandria, LA 71303

Listing Price: $5,500,000

Cap Rate
8.93%
Number of Rooms
80
Price/Room
$68,750
Year Built
2008

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Group is pleased to present for sale to qualified investors the recently renovated Comfort Suites Alexandria. The Choice Hotels International - branded Hotel is offered at $5,500,000 or $68,750 per key. This three-story, 80-room, Hotel is located just off Interstate 49, which boasts over 18,900 daily traffic counts which positions it in a heavily trafficked region near several room demand generators. The Property is less than 2.5 miles from the Alexandria International Airport and offers easy access to downtown Alexandria which houses the Alexandria Zoo – a 33 Acre zoo and the areas number one year round family attraction (7.1 miles), Alexandria Museum of Art – hosting a variety of events (5.8 miles), and Northwestern State University – Cenla Campus – which holds many athletic and scholastic events (2.5 miles). In 2020, the Hotel’s RevPAR was $45.15, and achieved revenues around $1.3 million. The Hotel has seen a year-over-year growth in revenues above ten percent, resulting in revenues above $1,475,000 through the trailing twelve-months March 2021. In the same period, the Hotel outperformed the STR-defined competitive market set recording a RevPAR of $50.02 and a RevPAR penetration index of 115 percent. Current expenses include provisions for a three percent management fee and four percent capital replacement reserve. The Hotel is offered fee simple, unencumbered by a management contract or debt.

Investment Highlights

  • Priced Below Replacement Cost at $68,750 Per Key
  • Three-Story, 80-Room, Upper-Midscale Hotel Built in 2008 - Recently Renovated in 2019/2020
  • Less than 2.5 Miles from Alexandria International Airport
  • Outperforming STR-Defined Competitive Market Set by 15 Percent
  • Offered Fee Simple, Unencumbered by Management Contract or Debt
  • Trailing Twelve-Months March 2021 RevPAR Penetration Index of 115 percent

Exclusively Listed By

Listing Price: $5,500,000

Cap Rate
8.93%
Number of Rooms
80
Price/Room
$68,750
Year Built
2008

Investment Highlights

  • Priced Below Replacement Cost at $68,750 Per Key
  • Three-Story, 80-Room, Upper-Midscale Hotel Built in 2008 - Recently Renovated in 2019/2020
  • Less than 2.5 Miles from Alexandria International Airport
  • Outperforming STR-Defined Competitive Market Set by 15 Percent
  • Offered Fee Simple, Unencumbered by Management Contract or Debt
  • Trailing Twelve-Months March 2021 RevPAR Penetration Index of 115 percent

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Group is pleased to present for sale to qualified investors the recently renovated Comfort Suites Alexandria. The Choice Hotels International - branded Hotel is offered at $5,500,000 or $68,750 per key. This three-story, 80-room, Hotel is located just off Interstate 49, which boasts over 18,900 daily traffic counts which positions it in a heavily trafficked region near several room demand generators. The Property is less than 2.5 miles from the Alexandria International Airport and offers easy access to downtown Alexandria which houses the Alexandria Zoo – a 33 Acre zoo and the areas number one year round family attraction (7.1 miles), Alexandria Museum of Art – hosting a variety of events (5.8 miles), and Northwestern State University – Cenla Campus – which holds many athletic and scholastic events (2.5 miles). In 2020, the Hotel’s RevPAR was $45.15, and achieved revenues around $1.3 million. The Hotel has seen a year-over-year growth in revenues above ten percent, resulting in revenues above $1,475,000 through the trailing twelve-months March 2021. In the same period, the Hotel outperformed the STR-defined competitive market set recording a RevPAR of $50.02 and a RevPAR penetration index of 115 percent. Current expenses include provisions for a three percent management fee and four percent capital replacement reserve. The Hotel is offered fee simple, unencumbered by a management contract or debt.

Exclusively Listed By

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