La Quinta Inn & Suites | Morgan City LA
Market Price
2018 Allison Street, Morgan City, LA 70380
27,000 sqft
Building Size
1.45 acres
Lot Area
Details:
Highlights:
- Turnkey Condition: Situated on 1.45-acre, Built in 2008 and recently renovated, the property features new LVT flooring, HVAC units, LED lighting, and flat-screen TVs in all guest rooms. Th interior and exterior have been freshly painted, minimizing the PIP for the new owner.
- Investment Potential: Current absentee owner, strong upside potential through strategic management and targeted marketing efforts.
- Strategic Location & Accessibility: Just off of US Hwy 90 located in Morgan City, aptly described as "right in the middle of everywhere," situated approximately 68 miles southeast of Lafayette, 64 miles south of Baton Rouge, and 86 miles west of New Orleans.
- Diverse Demand Drivers: Close to key corporations including Halliburton, Baker Hughes, Conrad Shipyard, Cameron/Schlumberger, Oceaneering International Inc, and South-Central Louisiana Technical College, Murphy Exploration & Production. It is also within a short distance to the major medical care provider in the area - Oschner St. Mary.
- Economic Growth & Industrial Development: Morgan City is undergoing a $30M Ports West Dock Expansion Project, anticipated to boost economic activity and attract increased industrial traffic to the area.
- Tourism & Cultural Attractions: Minutes from attractions like the Cajun Coast Byway, Petroleum Museum, Atchafalaya Basin and hosts the Louisiana Shrimp & Petroleum Festival.
Description:
Bracket Real Estate, in conjunction with RealINSIGHT Marketplace, has been exclusively retained in connection with the solicitation of offers to acquire the 53-room La Quinta Inn & Suites in Morgan City, Louisiana (the ‘Hotel’, ‘Property, or ‘Asset’) through a sale via RI Marketplace. Strategically positioned in the heart of Morgan City, Louisiana, the La Quinta Inn by Wyndham offers a rare opportunity for investors seeking a turnkey asset with both strong fundamentals and immediate revenue potential. Built in 2008 and recently updated, this 53-room, exterior-corridor hotel sits on a generous 1.45-acre parcel just off U.S. Highway 90, providing high visibility and ease of access for both corporate and leisure travelers. With fresh interior and exterior paint, brand-new LVT flooring, HVAC units, LED lighting, and flat-screen TVs in every room, capital expenditures are minimal—allowing an investor to focus on operational improvements from day one.
The property’s location supports a diverse and dependable customer base year-round. Proximity to major employers like Halliburton, Baker Hughes, and Teche Regional Medical Center makes it ideal for workforce and extended-stay bookings. In addition, Morgan City's positioning along the Cajun Coast Byway and its proximity to local attractions such as the Atchafalaya Basin and the International Petroleum Museum enhance its appeal to tourists and leisure travelers. The area’s economic foundation in energy, maritime, and healthcare industries ensures stable demand, making this property a strategic choice for an investor seeking dependable cash flow with upside.
With underutilized potential and room to increase RevPAR through direct, hands-on ownership, this hotel is primed for a growth-minded investor. The expansive lot offers additional possibilities—whether through expanded parking, added amenities, or even future development. Given its solid physical condition, strategic location, and growth potential, the La Quinta Inn Morgan City is an ideal acquisition for an investor looking to enter or expand in the resilient Louisiana Gulf Coast lodging market.
Documents:
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OFFERING_MEMORANDUM_-_LA_QUINTA_INN___SUITES_BY_WYNDHAM.pdf
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