Holiday Inn Express & Suites South Casino
1150 W Prien Lake Rd,
Lake Charles, LA 70601
 
$14,600,000
Offering Price
$1,393,714
NOI
9.55%
Cap Rate
4.33
RRM
92
Total Rooms
$158,696
Price Per Key
Previous
Next
$14,600,000
Offering Price
$1,393,714
NOI
9.55%
Cap Rate
4.33
RRM
92
Total Rooms
$158,696
Price Per Key
INVESTMENT SUMMARY
The Holiday Inn Express and suites consists of 92 rooms and suites. The hotel was built in 2018 . The new formula blue has been completed with complete upgrades to the interior and exterior of the hotel. The hotel offers 24-hour business center and 950-square-foot meeting facility for corporate needs. free high-speed internet access, a desk and phone, pantry with a mini-fridge, coffee maker and microwave. all rooms come with living areas that are equipped with microwave, refrigerator, and free wired & wireless high-speed internet access.
INVESTMENT CONSIDERATION
The hotel is offered unencumbered by Management and debt
The franchise license agreement will be extended to the new ownership.
Franchise Attributes The Holiday Inn Express is one of the must successful brands in the IHG Group of hotels, with over 2800 hotels worldwide and 300,000 rooms. IHG features a strong loyalty program with over 100 million members. its considered the first and largest guest loyalty program in the hotel industry.
The Holiday Inn Express Inn & Suites is offered as part of the portfolio with the Avid in Beaumont, Texas.
Excellent Location
The new Holiday Inn Express & Suites Lake Charles South Casino Area is conveniently located to the downtown business district, lakefront boardwalk, and the Civic Center. The hotel sits just East of the Golden Nugget and L'Auberge Casinos. Lake Charles has established itself as one of the top business, medical and educational locations with Northrop Grumman, Siemens, Weatherford, McNeese State University, Lake Charles Memorial Hospital, CHRISTUS St. Patrick Hospital, and Westlake Chemical Corporation in our area.
Lake Charles provides a great convenience to many points of interests such as Charpentier Historic District, Bord Du Lac Park, Creole Nature Trail Mardi Gras Museum of Imperial Calcasieu, Adventure Cove, parks, beaches, and so much more.
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
Michael Cherry
Managing Director
(562) 842-6553
mcherry@mazilihotelgroup.com
Copyright ©
CREOP
, LLC. All Rights Reserved.