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Hotel-Motel

OYO Hotel Kinder

13894 US Highway 165, Kinder, LA 70648

Listing Price: $1,300,000

Cap Rate
23.05%
Number of Rooms
62
Price/Room
$20,968
Year Built
1997

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 OYO Hotel Kinder. The Hotel is offered at $1,300,000 or $20,968 per key. This two-story, 62-room Property is located between Lake Charles, Lafayette, and Alexandria and is easily visible off Highway 165 which has the highest traffic counts in Kinder at 11,700 daily travelers. The premier location offers easy access to many key demand drivers in the area such as the Coushatta Casino Resort – Louisiana’s largest casino resort (4.0 miles), Koasati Pines Championship Golf Club and Course – rated eleventh in pace of play and sixth for course conditions in the U.S. by Golf Advisors (5.2 miles), and the Allen Parish Airport (20.0 miles). The Hotel presents a new investor the chance to acquire an opportunistic asset with upside potential. In 2020, the Hotel produced room revenues over $395,800, this represents an increase in revenues of 113 percent from 2019. A further look at operations will show current inefficiencies, with an opportunity to implement better revenue management and cost control strategies to increase overall performance. Furthermore, the Property is undergoing renovations that should boost occupancy and rates to position the Hotel above market competitors. The expenses include provisions for a 4 percent reserve for capital replacement. The Hotel is offered fee simple, unencumbered by a management contract and debt.

Investment Highlights

  • 62-Room, Two-Story, Exterior Corridor Hotel
  • Priced Below Replacement Costs at $20,968 Per Key
  • Priced at 2.14 Times TTM May 2021 Room Revenue
  • Property May 2021 Revenues Have Increased $210,724 Since December 2020
  • Onsite Owner's Apartment with 2 Bedrooms and 2 Bathrooms
  • Close Proximity to Coushatta Casino Resort, the Largest Casino Resort in Louisiana

Exclusively Listed By

Listing Price: $1,300,000

Cap Rate
23.05%
Number of Rooms
62
Price/Room
$20,968
Year Built
1997

Investment Highlights

  • 62-Room, Two-Story, Exterior Corridor Hotel
  • Priced Below Replacement Costs at $20,968 Per Key
  • Priced at 2.14 Times TTM May 2021 Room Revenue
  • Property May 2021 Revenues Have Increased $210,724 Since December 2020
  • Onsite Owner's Apartment with 2 Bedrooms and 2 Bathrooms
  • Close Proximity to Coushatta Casino Resort, the Largest Casino Resort in Louisiana

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 OYO Hotel Kinder. The Hotel is offered at $1,300,000 or $20,968 per key. This two-story, 62-room Property is located between Lake Charles, Lafayette, and Alexandria and is easily visible off Highway 165 which has the highest traffic counts in Kinder at 11,700 daily travelers. The premier location offers easy access to many key demand drivers in the area such as the Coushatta Casino Resort – Louisiana’s largest casino resort (4.0 miles), Koasati Pines Championship Golf Club and Course – rated eleventh in pace of play and sixth for course conditions in the U.S. by Golf Advisors (5.2 miles), and the Allen Parish Airport (20.0 miles). The Hotel presents a new investor the chance to acquire an opportunistic asset with upside potential. In 2020, the Hotel produced room revenues over $395,800, this represents an increase in revenues of 113 percent from 2019. A further look at operations will show current inefficiencies, with an opportunity to implement better revenue management and cost control strategies to increase overall performance. Furthermore, the Property is undergoing renovations that should boost occupancy and rates to position the Hotel above market competitors. The expenses include provisions for a 4 percent reserve for capital replacement. The Hotel is offered fee simple, unencumbered by a management contract and debt.

Exclusively Listed By

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