Hotel is Fully Renovated. PIP has been completed. There is No PIP for the New Buyer. Property will be delivered with No PIP to the New Buyer. Seller has spent over $1.3M in Capex Improvements to complete all the PIP requirements of La Quinta by Wyndham.
La Quinta Inn and Suites Walker /Denham Springs -Baton Rouge area is an 8-year-old beautiful hotel.65 Guest Rooms, 3 Story Traditional La Quinta Design Hotel with Lobby, Breakfast Area, Meeting Room, Outdoor Pool, Fitness Center, Guest Laundry, and ample parking. Excellent Location. Located just off the Interstate 12 on Exit 15 .Near Baton Rouge, Louisiana State University. Growing Market with upside potential.Absentee Owner. Easy to Manage Hotel.
Ideal location near the Baton Rouge and New Orleans MSAs makes it a smart choice for access to both metropolitan areas. The Hotel is minutes from Baton Rouge, less than an hour from New Orleans. The market has rail and trucking functionality and 2 industrial parks with new construction projects underway, as well as several large companies, including a Fortune 500 company. With the Antiques District and several parks in the area that hold over 50 tournaments per year, the area is also ideal for weekend travelers and tourists.