La Quinta Inn & Suites by Wyndham-Lake Charles-Westlake-LA

1008 Sampson St, Westlake, LA

Market Price

Price

11.32%

Cap Rate

$815,250

NOI

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Street
Map
Overview
Cap Rate
11.32%
NOI
$815,250
Building Size
27,000 sqft
Lot Area
2.18 acres
Keys
69
Year Built
2016
Floors
3
Description

Bharat Patel-Vakil of NewGen Advisory is proud to present for sale the La Quinta Inn & Suites in Westlake, Louisiana. The 69-room property was built in 2016 with partial renovations in 2021 and represents an excellent opportunity for a qualified hotelier to manage high cash flowing asset with strong brand affiliation. To serve extended stay guests, 28 rooms of this hotel have been retrofitted with mini bar/kitchen facilities. A new owner should benefit from expecting a very little PIP from Wyndham. Acquisition today at below replacement cost, should provide the buyer with significant upside potential and value-added opportunity.

The hotel caters to interstate traffic, as well as many demand generators, such as the Lake Charles Civic Center, Millennium Park, Mardi Gras Museum, North Beach, L'Auberge DuLac Casino and Delta Downs Racetrack & Casino. The hotel is situated in one of the highest producing gas and oil areas in the nation. Lake Charles has some of the largest events and festivals in the state, such as Contraband Days, Mardi Gras, CultureFest, Black Heritage Festival, Live @ the Lakefront Music Festival, Rouge et Blanc, Downtown at Sundown Concert Series, Arts & Crabs Fest, and many more.
Broker of Record: Charles Loesher-Commercial Real Estate Service LLC-Louisiana

Located in Lake Charles/Westlake, Louisiana, this hotel offers easy access to all casinos, corporate offices, golf courses, parks, lakes, restaurants and ball parks.
The Westlake/Lake Charles area has become a key location for the LNG plants, business such as Sasol, Phillip 66, Axiall, Sempra Cameron LNG, Magnolia LNG, Cheniere Energy, Leucadia and G2x Energy have facilities nearby.
This property sits on approximately 2.18 acres of land.

Highlights
  • Submit your Offers. Call Brokers for Pricing Guidance.
  • The 69-room La Quinta Inn & Suites was built in 2016 and partially renovated in 2021.
  • To serve extended stay guests, 28 Rooms of this hotel has been retrofitted with mini bar/kitchen facilities.
  • The hotel benefits from multiple demand generators.
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