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10455 Reiger Road - Americas Best Value Inn, Baton Rouge, LA

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10455 Reiger Road - Americas Best Value Inn

Baton Rouge, LA 70809 - East Baton Rouge Parish Submarket

Property Type:Hospitality Number of Rooms:118 Status:Existing Year Built:1976
Stories:2 Building Size:115,010 SF Land Area:5 AC (217,800 SF)
For Sale Price:$3,800,000 Price/Room:$32,203 Cap Rate:8.65 %


Sale Notes:
Price Reduction!!! August 2016 revenue went up to $179k from $74k same time period 2015. Great opportunity!
Marcus & Millichap has been chosen to exclusively market for sale the Americas Best Value Inn, a two-story limited service hotel located 12 miles from Baton Rouge Metropolitan Airport. The hotel consists of 118 exterior corridor rooms within close proximity to Interstates 10 and 12. Amenities include a heated outdoor pool and spa, fitness center, guest laundry facilities and complimentary breakfast buffet with large dining area. Business amenities include a business center and two meeting rooms totaling 2,200 square feet.

The hotel has a total of 118 rooms, of which 9 are offline, being used by the owners for storage purposes, currently leaving 109 rentable rooms. Each guest room is equipped with a 32-inch flat panel television, and a sitting area with a work desk and lamp. Select suites include a separate living area.

Property Renovations
The Americas Best Value Inn is currently being renovated. This renovation includes all guest rooms being upgraded with new beds, box springs, bedding and carpet. New interior and exterior paints.
Excellent location, hotel visible from I-10, next to a major on/off ramps. Across street from McDonald, Taco Bell and adjacent to a new Waffle House and newly built Chevron gas station. The Americas Best Value Inn is located in Baton Rouge, Louisiana, which contains a population in excess of 230,000 residents. Situated on the Mississippi River, Baton Rouge represents the best of Louisiana's vibrant culture. Baton Rouge is the state's second-largest city with a prime, central location one hour between New Orleans and Lafayette. The state capital, Baton Rouge is a thriving city that is home to both Louisiana State University and Southern University and numerous businesses and industrial facilities.

Marcus & Millichap Inc
Gordon Allred
(909) 456-3420

Jake Yee
(909) 456-3400

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