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28350721
28350684

9008 Westbank Expy, Westwego, LA 70094

MS
LA Louisiana 0099561907-ASA, LA Mississippi 21633
Stirling
JS
LA 995719093
Stirling Properties Lafayette
Listed by Stirling, Stirling Properties Lafayette
$5,100,000
199 days on market
Updated 39 days ago

Best Western Bayou Inn

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 34,144
Keys 67
Beds 120
Cap Rate 8.41%
NOI $429,076
Occupancy 57%
Brand/Tenant Best Western
Pro-Forma Cap Rate 7.92%
Pro-Forma NOI $403,705
Price per SqFt $149
Broker Co-Op No
Year Built 2003
Year Renovated 2
Buildings 1
Stories 2
Acreage 1.500
Zoning Commercial
Parking Spaces 85 spaces
Parking Per SqFt 2.49
Occupancy Date 12/31/2024
Ownership Private

Greater New Orleans Area | 67 Keys | $76,119/key

Marketing description

Introducing the BEST WESTERN BAYOU INN - WESTWEGO, a prime hospitality offering located at 9008 Westbank Expressway, Westwego, LA 70094. This well-positioned property features 67 rooms within a single 2-story building, offering a comfortable stay for guests. Strategically located just 12 miles from downtown New Orleans and 15 miles from Louis Armstrong New Orleans International Airport, this investment opportunity boasts easy access to key attractions. The area is witnessing growth with proximity to Avondale Shipyard, Churchill Farms, and TPC of Louisiana, presenting a lucrative market for hospitality businesses. Ideal for a hands-on operator, the property offers a Gross Building Area of 34,144 SF on a spacious 1.50-acre land size. Renovated in 2023, the Best Western Bayou Inn - Westwego presents exceptional value with a ProForma NOI of $403,705 in year 1. Don't miss out on this opportunity to own a well-established branded property in a thriving location.

Investment highlights

Prime Location - Twelve (12) Miles to Downtown New Orleans

Contemporary Amenities

Member of Best Western International, leading global hotel enterprise (4,300 hotels in 100 countries)

Easy access along Westbank Expressway (40,000+ VPD avg)

15 miles to Louis Armstrong New Orleans International Airport

High Growth Area - Close to Avondale / TPC of Louisiana / Churchill Technology Park

Complete Renovation in 2023, Minimal PIP expected

Ideal for hands on operators

Unencumbered by Debt and Third Party Management

Listing Contacts

MS
LA Louisiana 0099561907-ASA, LA Mississippi 21633
Stirling
JS
LA 995719093
Stirling Properties Lafayette
Listed by Stirling, Stirling Properties Lafayette

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$429,076.00
$35,756.33/mo

Valuation Metrics

0
DSCR
8.41%
Cap Rate
8.41%
ROI

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Additional Information

Name
Manish D Sthanki
License
Louisiana 0099561907-ASA
Name
Josh Stevenson
License
995719093
Brokerage
Stirling Properties
Brokerage Phone
3375720278
Title
CRE Advisor
Brokerage Address
1819 West Pinhook Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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