Newly Converted Red Roof Inn
1254 GRAND CAILLOU RD Houma, LA 70363
1254 GRAND CAILLOU RD, Houma, LA, 70363
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For Sale
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Newly converted in February 2026, with zero deferred maintenance and no capex at closing.
Property Size43,560 SF
Price / SF$73.46
Days on Market42
Property Features for 1254 GRAND CAILLOU RD
General Information
- Standard status
- Active
- Size
- 43,560 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 2008
Listing agency
Bracket Real Estate, Inc
Listed by
Josh Oswald · License #810564
Source
Crexi
Added: Jun 11 Updated: Jul 21 at 7:55PM Checked: Jul 21 at 7:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bracket Real Estate, Inc
Investment Insights
Based on property information with market context.
This motel property was newly converted to a Red Roof Inn in February 2026 and currently has four months of branded operating history. The seller’s remarks state there is zero deferred maintenance and no capex at closing, with the branded flag’s revenue impact not yet normalized in the financials.
The property is in Houma, positioned to serve lodging demand tied to the Port Fourchon energy corridor and two major healthcare systems, described as being within minutes.
The offering is available individually, or alongside the Motel 6 at 125 Dixie Ave, with the same owner and in the same market.
The property is in Houma, positioned to serve lodging demand tied to the Port Fourchon energy corridor and two major healthcare systems, described as being within minutes.
The offering is available individually, or alongside the Motel 6 at 125 Dixie Ave, with the same owner and in the same market.
Key Highlights
- Built in 2008
- Newly converted to Red Roof Inn in February 2026
- Zero deferred maintenance and no capex at closing
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $653.4k | $15.00 |
| − Vacancy | −$98.0k | −$2.25 |
| EGI | $555.4k | $12.75 |
| − OpEx | −$291.6k | −$6.69 |
| NOI | $263.8k | $6.06 |
43,560 SF · lease $15.00/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$3.77M
$3.30M – $4.40M
NOI $263,810 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.01M
$10.51M – $14.01M
NOI $840,534 @ 7.0% cap · market cap 26.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Baymont by Wyndham ...
Hotel & Motel
Red Roof Inn ...
Hotel & Motel
Saffron Inn & Suites
Hotel & Motel
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FAQs
What type of property is this?
Hotel - Newly converted in February 2026, with zero deferred maintenance and no capex at closing.
Where is this hotel located?
The property is located at 1254 GRAND CAILLOU RD Houma, LA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Built in 2008; Newly converted to Red Roof Inn in February 2026; Zero deferred maintenance and no capex at closing
