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29939951
29939952

400 Spanish Town Blvd, New Iberia, LA 70560

MG
CA 02016029
Matthews
Matthews
Listed by Matthews
$7,400,000
100 days on market
Updated 8 days ago

Hampton Inn & Suites

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 63,603
Keys 102
Cap Rate 8.36%
Occupancy 60.54%
Brand/Tenant Hampton Inn
Price per SqFt $116
Year Built 2009
Year Renovated 2024
Buildings 1
Stories 3
Acreage 3.530
Ownership Fee Simple

Recently Renovated Forever Young Hampton Inn & Suites | $72,550/Key | 2009 Build

Marketing description

Youssef Alkalabani and Mitchell Glasson are pleased to present the opportunity to acquire the well-positioned 102-room Hampton Inn & Suites in New Iberia, LA. Located along Highway 90 with strong interstate visibility. Built in 2009 and completing a 2024 Forever Young renovation, the property is currently operated under absentee ownership, presenting a compelling opportunity for a hands-on owner-operator to drive performance. The asset offers a turnkey investment and an extended franchise license term.

Offered at $72,550 per key, this asset represents one of the lowest price-per-key opportunities for a recently renovated Hampton currently available on the market, providing investors an attractive basis well below replacement cost.

New Iberia’s strategic location between Lafayette and the broader Acadiana region provides convenient regional connectivity while maintaining limited upper-midscale competition in the immediate trade area. With the strength of the Hilton brand, completed renovation, and operational upside under active management, the Hampton Inn & Suites New Iberia represents a compelling opportunity for investors seeking stable cash flow with revenue growth potential.

This is an exclusive listing - Please do not contact the owner, staff, or go to the property without scheduling a tour directly with the listing agent, Youssef Alkalabani or Mitch Glasson. Contact Youssef Alkalabani for the full Due Diligence folder.

Investment highlights

  • Recent Renovation: Completed Hilton’s Forever Young renovation program in 2024, delivering refreshed guestrooms and modernized public spaces.

  • Minimal Change-of-Ownership PIP: Minimal property improvement plan required, significantly limiting near-term capital requirements and reducing execution risk.

  • Strong Guest Reception: Achieved 4.0-star Google ratings post-renovation, reflecting improved guest satisfaction and asset condition.

  • Hilton Branding: Institutional-quality Hilton branding supports premium ADR, consistent occupancy, and durable demand from business and leisure travelers.

  • Operational Efficiency: Limited-service, upper-midscale asset with 102 keys benefits from efficient select-service operations and strong margin scalability.

  • Attractive Cash Flow: NOI of $618,802 demonstrates meaningful cash flow potential relative to targeted pricing.

  • Limited Competitive Supply: Only 1 hotel proposed and 1 under construction in the Louisiana South submarket, supporting long-term occupancy stability.

  • Owner-Operator Opportunity: Modern construction, minimal PIP, and strong branding make this ideal for owner-operators or regional investors.

  • Prime Highway Visibility: Located along U.S. Highway 90 with excellent interstate visibility and adjacent to a new Love’s Travel Stop.

  • Proximity to Demand Drivers: Close to Avery Island (Tabasco Factory), airports, healthcare, government, and employment centers.

Listing Contacts

MG
CA 02016029
Matthews
Matthews
Listed by Matthews

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Additional Information

Name
Donnie Jarreau
License
BROK.995704351-CORP, BROK.32688-ACT (LA)
Brokerage
Jarreau Real Estate
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
16161 Perkins Road, Baton Rouge, LA 70810
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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