818-339-6506
2915 LA-14, New Iberia, LA for Sale
Hospitality - FOR SALE
1/28
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2915 LA-14
New Iberia, LA 70560


HIGHLIGHTS

  • Excellent garden-style, 160-room hotel with an exterior corridor and an outdoor pool over a 6.29-acre parcel just off LA Highway 14 in New Iberia.
  • Sought-after visibility at a signalized intersection just off US Highway 90 with over 32,800 VPD, 21 miles from Downtown Lafayette and LFT Airport.
  • Value-add opportunity to acquire a well-established Ramada by Wyndham encircled by similar businesses primed for revitalization and new management.
  • Ideal proximity to major corporations and demand drivers within a flourishing submarket seeing annual increases in occupancies, ADR, and RevPAR.

FOR SALE DETAILS

PRICE

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# OF ROOMS

160

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

REO Sale | Ramada by Wyndham New Iberia

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1977

PARKING SPACES

240

LAND DETAILS

LAND ACRES

6.49 AC

LAND SF

282,704 SF

ZONING

C-4

APN/PARCEL ID

0502750646

ASK ABOUT THIS PROPERTY

Eddy NevarezMarcus & MillichapMore Info
818-339-6506

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Eddy NevarezMarcus & MillichapMore Info
818-339-6506

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.