Comfort Suites Lake Charles

70 Room Hotel | Lake Charles, LA 70601 | $5,250,000 ($75,000/Room)

Asking Price $5,250,000

Property Type: Hospitality
Square Feet: 41,400 SF

Listing Contacts

Bharat Vakil-Patel

Verified Profile

Property Info

Property Overview

Bharat Patel-Vakil of NewGen Advisory is proud to present for sale the Comfort Suites in Lake Charles, Louisiana, one of the highest producing gas and oil areas in the nation. This 70 suites property was built in 2008 with partial renovations in 2021 & 2023 and represents an excellent opportunity for a qualified hotelier to manage high cash flowing asset with strong brand affiliation. A new owner should benefit from expecting a very little PIP from Choice Hotels. Offered at below replacement cost, the right buyer will have significant upside potential and value-added opportunity.
The hotel caters to interstate traffic, as well as many demand generators, such as the Lake Charles Event Center, Millennium Park, Mardi Gras Museum, North Beach, L'Auberge DuLac Casino and Delta Downs Racetrack & Casino. Lake Charles has some of the largest events and festivals in the state, such as Contraband Days, Mardi Gras, CultureFest, Black Heritage Festival, Live @ the Lakefront Music Festival, Rouge et Blanc, Downtown at Sundown Concert Series, Arts & Crabs Fest, and many more.
Located on Highway 171 in Lake Charles, Louisiana, Comfort Suites Lake Charles hotel offers easy access to casinos, corporate offices, golf courses, parks, lakes, restaurants and ballparks.
The Westlake/Lake Charles area has become a key location for LNG plants: Sempra Cameron LNG, Magnolia LNG, Cheniere Energy, Leucadia and G2x Energy. Additionally the Westlake/Lake Charles area is home to businesses such as Sasol Lake Charles Chemical Complex and Research and Development Laboratory, Phillip 66, Axiall.

Property Details

Class: B
Year Built/Renovated: 2008/2021
Stories: 3
Property Subtype: Hotel
Lot Size (sq. ft): 66,211 SF
Units: 70

Highlights

70 units, interior corridor
Priced below replacement cost at $78,571
Partial renovations completed in 2023 - minimal PIP to buyer
Strategically situated in a key location for liquefied natural gas (LNG) plants
Lake Charles has a large athletics draw and is known for its theatrical and cultural events and is one of the highest producing gas and oil areas in t

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