400 1St St Thibodaux, LA 70301

This exceptional 94-key hotel, situated on a 3.2-acre lot in Thibodaux, Louisiana, presents a compelling investment opportunity. Built in 1972, this two-story, solid block construction property boasts an exterior corridor design and is conveniently located less than a mile from Nicholls State University and downtown Thibodaux. Its prime location offers proximity to numerous demand generators, including a new $40 million cancer center, a recently improved $6 million NSU football stadium, a new $770,000 NSU greenhouse, and an $8.1 million Bayou Side Park. Further development includes a new nursing home under construction and the refurbishment of the Bollinger Education Building. The hotel's strategic position also benefits from its proximity to Nicholls State University (with 7,000 students and 73% student retention), Thibodaux Regional Medical Center, and other key amenities. With several national franchise brand conversions available and bank financing options, this property offers significant potential for new owner-operators seeking an extended-stay or long-term hotel conversion. The asking price is $3,500,000. The property's address is 400 E 1st St, Thibodaux, LA 70301. Its location also places it within easy reach of other attractions such as St. Joseph Co-Cathedral, Laurel Valley Village, and Bayou Lafourche, while being approximately 55 miles from New Orleans.