For Sale
$3,300,000

2018 Allison StMorgan City, LA 70380

53-Room Hotel, Prime Location, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 53-key La Quinta Inn & Suites, built in 2008, presents a lucrative investment opportunity in Morgan City, Louisiana. Situated on a 1.45-acre lot, this two-story hotel features an interior corridor design and boasts a recently updated interior. Improvements include fresh exterior paint, new luxury vinyl tile (LVT) flooring, and new interior paint in all guest rooms and bathrooms. Every guest room is equipped with new LED lighting, flat-screen TVs, and HVAC systems, ensuring optimal guest comfort. The hotel also includes an elevator for convenient access. Its strategic location offers easy access to US Highway 90, placing it within convenient driving distance to major cities like New Orleans and Lafayette. The property benefits from its proximity to significant industrial areas, including major oil and gas companies, and is also near numerous restaurants, shopping centers, and recreational attractions such as Lake End Park and the Atchafalaya Basin. The hotel's location near Teche Regional Medical Center, McDermott International, and Conrad Industries ensures a consistent stream of business travelers. This property is offered well below replacement cost and presents significant upside potential for an owner-operator focused on improving operational efficiency and driving top-line revenue. Bank financing is available. The absentee owner is motivated to sell. This is a rare opportunity to acquire a well-maintained, updated hotel in a high-demand location.

Highlights

  • 53 guest rooms
  • Interior corridor design
  • 2008 construction
  • 1.45-acre lot
  • Two-story building with elevator
  • Recently updated exterior and interior, including new paint, LVT flooring, LED lighting, flat-screen TVs, and HVAC systems in all guest rooms

Property Details for 2018 Allison St

Property type
Hospitality properties, Hotels
Year Built
2008
Stories
2
Lot Size (sq. ft)
63,162 SF

Location Insight

City
Morgan City
County
St Mary Parish
State
Louisiana
Latitude
29.695439715482
Longitude
-91.181739234934
2018 Allison St, Morgan City, Louisiana

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2018 Allison St
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