Opportunity to acquire a fee simple interest in the 160-room former Ramada Inn in New Iberia, LA. This property is under-performing within its competitive set and presents new ownership with an excellent value-add opportunity through management and renovation, with the potential of 4 redevelopment or conversion investment scenarios. (1) Renovate the asset and operate as a 160-room hotel as an economy brand or independent. (2) Dual brand the property at different price points with 80 rooms each as an economy brand or independent (3) Reduce the available rooms to 80 and convert the remaining rooms multifamily/long-term rentals or (4) Convert the entire building to multifamily/long-term rentals