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Pleased to present the opportunity to acquire a three-hotel portfolio located in two cities in southeastern Louisiana. The hotels include and a Ramada Inn and Plantation Inn in Houma; and a Clarion Inn & Suites Conference Center in Covington. Each hotel has convenient highway accessibility and proximity to tourist attractions and destinations.
The state of Louisiana is the 25th largest state in the nation, with a population of 4.7 million in 2017. The leisure and hospitality sector plays a major role in the state’s economy, ranking fourth in number of jobs created (more than 231,000) in 2016. The state has recently enjoyed record breaking tourism statistics, welcoming 46.7 million visitors in 2016, generating $16.8 billion in spending. Each city offers a unique experience for tourists and IN 2017 business travelers to enjoy. New Iberia is located near the Port of Iberia and Acadiana Regional Airport, and includes local attractions such as Avery Island, home of the TABASCO brand and the 170-acre Jungle Gardens. Houma is in proximity to the Houma–Terrebonne Airport and is close to regional attractions such as the Southland Mall, Southdown Museum, and the Williams Avenue Recreation Center. Covington has direct connections to Baton Rouge and New Orleans as well as a variety of local tourist attractions, highlighted by Lake Pontchartrain.

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Louisiana Hotel Portfolio

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$$12,500,000

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7.94% Cap Rate Sq Ft

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