LOGIN
Hotel Project Leads
Hotel Project Leads
  • Marketplace
    • Stores
    • Featured Products
  • Industry
    • News
      • Signup for News!
      • Submit News
      • Technology & Management
    • Hotel Listings
      • Commercial Brokers
      • Real Estate Agents
    • Trade Shows
    • Brand Franchise Fees
    • Equities
  • Subscribe
    • Membership Signup
    • How It Works
    • 12-Point Value Marketing System
    • Sample Leads
    • Testimonials
    • Terms & Conditions
  • Preferred Vendors
    • Vendor News
    • Search Vendors
    • Category Request
    • Cost Estimating
  • Submit RFP
    • Submit Product or Service RFP
    • Submit Your Project
  • Members
    • Account Management
    • Store Manager
    • Project Manager
    • Insider News
    • Price Your Project
    • Broker Support
    • Staffing & Recruitment
    • Network
    • Search Projects & RFPs
    • Project Reports
  • Careers
    • About Careers
    • Employer Catalog
    • Candidate Registration
    • Applications & Profile
    • Employment Search
  • About Us
    • Announcements
    • Contact Us
    • User Feedback
    • Mobile App
    • Survey & Polls
  • 0 Item
×
Search Results View Cart Checkout

Blog

  • Home
  • |
  • Listings
  • |
  • Best Western Plus Lake Charles
09
Dec 2023

Best Western Plus Lake Charles


Hotel1245 E Prien Lake Rd, Lake Charles, LA 70601, USA
  • Featured
  • Compare
  • Save
  • Share
+7
  • Featured
  • Compare
  • Save
  • Share
  • Hotel

1245 E Prien Lake Rd, Lake Charles, LA 70601, USA

1245 E Prien Lake Rd, Lake Charles, LA 70601, USA
  • 69 beds
  • 72 baths
$9,250,000

Share this home

Copy

Or share with

Basics

  • Date added: Added 2 years ago
  • Category: Hotel
  • Status: For Sale
  • Guestrooms: 69
  • Bedrooms: 69
  • Bathrooms: 72
  • Half baths: 2
  • Total rooms: 80
  • Meeting space sq ft: 500
  • Floors: 4
  • Year built: 2016
  • Year remodeled: 2023
  • Price per sq ft: $198.09
  • Price Per Key: $134,057
  • Cap rate: 10.28%
  • NOI: $1,023,917
  • Occupancy: 73.13%

Description

  • Description:

    The Best Western Plus in Lake Charles, LA, stands out as a lucrative opportunity with higher-than-average revenue, profitability, and promising investment potential. Highlights & Location: 69 well-appointed rooms, this upper midscale hotel boasts a prime location and a host of impressive features that make it an attractive destination. 2022 statistics reveal a higher-than-average occupancy rate, a significantly elevated Average Daily Rate (ADR), and an impressive Net Operating Income (NOI), reinforcing its reputation as a financially sound investment. This property was completely renovated in 2020 and has the benefit of an automatic franchise transfer, saving a new buyer a typical transfer fee of $26,000. The hotel has an occupancy rate of 72.40%, which is competitive within the industry. Its Average Daily Rate (ADR) of $119.86 significantly surpasses the competitive set of $80.41. This higher ADR signifies the hotel's ability to charge a premium price per room per night, which contributes to its strong financial performance. The hotel's RevPAR is equally impressive, standing at $86.95 in 2023, well above the national average of $58.27. Investment Highlights Priced at $9,250,000 Completely Renovated in 2020 Impressive NOI, RevPAR and Occupancy Automatic Franchise Transfer

    Show all description

Location

  • Neighborhoods: City center

Building Details

  • Cooling features: PTAC
  • Heating features: PTAC
  • Floor covering: Carpet, Concrete, Hard wood, Laminate, Linoleum/vinyl, Slate, Softwood, Tile
  • Basement: Partially finished
  • Exterior material: Brick, Stone, Wood
  • Roof: Asphalt
  • Parking: Carport, Garage - attached, Garage - detached, Off-street, On-street, Parking lot

Amenities & Features

  • Amenities:
    Bar/LoungeCable TVDishwasherDryerElevatorFitness CenterGarbage DisposalIndoor PoolIronJacuzziLaundry FacilitiesMicrowaveOvenRefrigeratorRestaurantRoom ServiceSpaTrash CompactorTVWifi
  • Features:
    24-Hour Front DeskAir ConditioningBalconyBeach FrontBellhopCarbon Monoxide DetectorElevatorFire AlarmFireplaceFree BreakfastGardenHeatingInterior CorridorsLaundryParkingSmoke DetectorSwimming PoolTerraceTrash RemovalTruck ParkingWaterviewWifi
Show all amenities & features

Share this property

Copy

Or share with

Powered by Estatik

Previous Article

Hampton Inn

Next Article

Baymont Inn & Suites

Recent Posts


  • Luxury Hotel Planned Downtown
  • Utilizing Smart Access Management Technology Bolsters Security
  • Microtel Inn & Suites by Wyndham Proposed for Berlin
  • Casino Hotel Tower Planned
  • AC Marriott Hotel Planned for Aspiria Campus

Recent Comments


    Archives


    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020

    Categories


    • Announcements
    • Project News
    • Vendor News

    Meta


    • Register
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    © Copyright - Azoom Theme

    Sign in or register

    to save your favourite homes and more

    Log in with email

    Don't have an account? Sign up

    Real estate professional?

    Manage your listings, profile and more.

    Sign up as agent

    Sign in or register

    to save your favourite homes and more

    All log in options
    Forgot password?

    Don't have an account? Sign up

    Reset password

    Enter your email address and we will send you a link to change your password.

    Back to login

    Get started with your account

    to save your favourite homes and more

    Sign up with email

    Already have an account? Log in

    Real estate professional?

    Manage your listings, profile and more.

    Sign up as agent

    Get started with your account

    to save your favourite homes and more

    All sign up options
    By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy

    Already have an account? Log in

    Real estate professional?

    Manage your listings, profile and more.

    Sign up as agent

    Create an agent account

    Manage your listings, profile and more

    All sign up options
    By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy

    Already have an account? Log in

    Create an agent account

    Manage your listings, profile and more

    Sign up with email

    Already have an account? Log in

    Powered by Estatik

    Report

    There was a problem reporting this post.

    Harassment or bullying behavior
    Contains mature or sensitive content
    Contains misleading or false information
    Contains abusive or derogatory content
    Contains spam, fake content or potential malware

    Block Member?

    Please confirm you want to block this member.

    You will no longer be able to:

    • See blocked member's posts
    • Mention this member in posts
    • Invite this member to groups
    • Message this member
    • Add this member as a connection

    Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

    Report

    You have already reported this .