Hotels for Sale in Houma

Rare opportunity to own a two-story, 57-room, economy, interior-corridor, branded hotel of one of the largest hotel franchisors in the world. - Louisiana houses a lot of oil and natural gas companies and a bulk of our client contracts are from oil companies that are renewed yearly. - Have an occupancy rate of 61.5% - Our sales have slightly decreased from last year as there was a travel boom in 2022 & our revenue has since come down to its normal range of $1.6M - $1.7M annually. - We pay an annual royalty of 6% on gross sales to the franchisor. - Have 7 permanent staff and the rest hotel staff are contracted. Property facts: Property type: Hospitality No. Rooms 57. Property subtype hotel with 2 stories. Building Class B and year built: 2008. Lot size 2.95 AC & parking ratio: 1.92/1,000 SF. Building size 23,156 sqft corridor interior. Proof of funds along with NDA will be required prior to the distribution of any further financials or information pertaining to this listing.

Rare opportunity to own a two-story, 57-room, economy, interior-corridor, branded hotel of one of the largest hotel franchisors in the world. - Louisiana houses a lot of oil and natural gas companies and a bulk of our client contracts are from oil companies that are renewed yearly. - Have an occupancy rate of 61.5% - Our sales have slightly decreased from last year as there was a travel boom in 2022 & our revenue has since come down to its normal range of $1.6M - $1.7M annually. - We pay an annual royalty of 6% on gross sales to the franchisor. - Have 7 permanent staff and the rest hotel staff are contracted. Property facts: Property type: Hospitality No. Rooms 57. Property subtype hotel with 2 stories. Building Class B and year built: 2008. Lot size 2.95 AC & parking ratio: 1.92/1,000 SF. Building size 23,156 sqft corridor interior. Proof of funds along with NDA will be required prior to the distribution of any further financials or information pertaining to this listing.