1800 Martin Luther King Blvd - Hospitality FOR SALE
Houma, LA 70360 |
1800 Martin Luther King Blvd
Houma, LA 70360
HIGHLIGHTS
- Newly Renovated w/ IHG PIP Satisfied: The property experienced a complete interior/exterior renovation with a total CAP-X investment of $4.5 million
- Limited Incoming Competition: The Louisiana South market has 390 rooms currently under development, indicating a modest 2.3% increase in inventory.
- High Levels of Business Travel: Demand for the property is partly fueled by Terrebonne General Health System, an acclaimed healthcare institution
- Dense Retail Corridor: The property is surrounded by a variety of local restaurants and busy retail spots, including Walmart, Lowe's, Sam's Club
- Strong Brand Identity: IHG Hotels & Resorts ranks among the world’s leading hotel companies, with nearly one million rooms globally
- Prime Location with Easy Access to Major Cities: Strategically located near both New Orleans and Lafayette.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Holiday Inn Houma
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
76564
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2006
PARKING SPACES
119
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C2
APN/PARCEL ID
55540
