57-Room Branded Hotel for Sale in Houma, LA with Real Estate Included

This listing presents a rare opportunity to acquire a 57-room, two-story, economy, interior-corridor, branded hotel located in Houma, Louisiana. Situated in a region with a strong presence of oil and natural gas companies, the hotel benefits from a stable client base with yearly renewed contracts, primarily from these industries. The property boasts a 61.5% occupancy rate and generates annual revenue in the range of $1.6M - $1.7M with a 40% margin, operating with no debt. The sale includes the land and building, appraised at $5 million. The hotel is part of a franchise agreement with a major global franchisor. Key operational aspects include 7 permanent staff members, with the remainder of the hotel staff being contracted. The business was built in 2008 and is located on a 2.95 AC lot. Proof of funds and an NDA are required for further information. Management is willing to stay post-acquisition.