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Hotel-Motel

Days Inn By Wyndham Denham Springs - Baton Rouge East

201 Range 12 Blvd, Denham Springs, LA 70726

Listing Price: Request For Offer

Number of Rooms
62
RevPAR
$41
Year Built
1997

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Days Inn Denham Springs – Baton Rouge East (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered on a call for offers basis. Denham Springs is located east of Baton Rouge in the southeast region of Louisiana. The Hotel sits on 1.34 acres at the Interstate 12 and Louisiana Highway 3002 interchange, collectively recording over 135,000 vehicles per day. The Hotel's strategic location within the Baton Rouge MSA provides easy access to a variety of leisure and business demand generators such as Louisiana State University (15.1 miles), Baton Rouge Metropolitan Airport (16.6 miles), and the Mall of Louisiana (13.3 miles). Denham Springs is home to multiple casinos and event centers that bring in thousands of travelers and conventioneers each year. Furthermore, oil & gas business demand is strong in the area. ExxonMobil's Baton Rouge Refinery in Baton Rouge is the fifth-largest oil refinery in the United States and thirteenth-largest in the world with an input capacity of 502,500 barrels per day. Operationally, the two-story Hotel has consistently outperformed the STR-defined competitive set and posted a RevPAR Penetration Index of 140 percent through 2020. In the same period, the Hotel recorded a RevPAR of over $35.80, room revenues over $798.8 thousand, and a net operating income of $133 thousand or 16.7 percent of total revenues. Trailing twelve-month room revenues are trending upwards through July 2021 and have already increased 15.5 percent since year-end 2020. Current expenses include provisions for a 4 percent capital replacement reserve. The Hotel is offered fee simple, unencumbered by a management contract or debt. Seller financing is available for qualified investors.

Investment Highlights

  • Two-Story, 62-Room, Interior-Corridor, Economy Hotel with Wyndham Brand
  • Expected to Trade Below Replacement Costs
  • Excellent Location Close to Baton Rouge and Several Demand Generators
  • 140 Percent RevPAR Penetration Index Through 2020
  • Room Revenues Trending Upwards
  • Offered Fee Simple, Unencumbered by a Management Contract or Debt

Exclusively Listed By

Hotel-Motel

Days Inn By Wyndham Denham Springs - Baton Rouge East

Listing Price: Request For Offer

Number of Rooms
62
RevPAR
$41
Year Built
1997

Investment Highlights

  • Two-Story, 62-Room, Interior-Corridor, Economy Hotel with Wyndham Brand
  • Expected to Trade Below Replacement Costs
  • Excellent Location Close to Baton Rouge and Several Demand Generators
  • 140 Percent RevPAR Penetration Index Through 2020
  • Room Revenues Trending Upwards
  • Offered Fee Simple, Unencumbered by a Management Contract or Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Days Inn Denham Springs – Baton Rouge East (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered on a call for offers basis. Denham Springs is located east of Baton Rouge in the southeast region of Louisiana. The Hotel sits on 1.34 acres at the Interstate 12 and Louisiana Highway 3002 interchange, collectively recording over 135,000 vehicles per day. The Hotel's strategic location within the Baton Rouge MSA provides easy access to a variety of leisure and business demand generators such as Louisiana State University (15.1 miles), Baton Rouge Metropolitan Airport (16.6 miles), and the Mall of Louisiana (13.3 miles). Denham Springs is home to multiple casinos and event centers that bring in thousands of travelers and conventioneers each year. Furthermore, oil & gas business demand is strong in the area. ExxonMobil's Baton Rouge Refinery in Baton Rouge is the fifth-largest oil refinery in the United States and thirteenth-largest in the world with an input capacity of 502,500 barrels per day. Operationally, the two-story Hotel has consistently outperformed the STR-defined competitive set and posted a RevPAR Penetration Index of 140 percent through 2020. In the same period, the Hotel recorded a RevPAR of over $35.80, room revenues over $798.8 thousand, and a net operating income of $133 thousand or 16.7 percent of total revenues. Trailing twelve-month room revenues are trending upwards through July 2021 and have already increased 15.5 percent since year-end 2020. Current expenses include provisions for a 4 percent capital replacement reserve. The Hotel is offered fee simple, unencumbered by a management contract or debt. Seller financing is available for qualified investors.

Exclusively Listed By

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