2018 Allison StMorgan City, LA 70380

Property Details for 2018 Allison St

Property type

Other commercial real estate

APN

3284341353.00

APU

328434135300

Description

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.

Location Insight

City

Morgan City

County

Saint Mary

State

Louisiana

Latitude

29.6954

Longitude

-91.1817

CBSA code

34020

CBSA name

MORGAN CITY, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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