Renovated Hampton Inn &
For Sale
Contact for pricing
400 Spanish Town Blvd, New Iberia, LA 70560
102-room Hampton Inn & Suites in New Iberia, Louisiana.
Property Size63,603 SF
Price / SF$102.20
Days on Market168
Property Features for 400 Spanish Town Blvd
General Information
Standard status
Active
Size
63,603 SF
Property subtype
Hospitality
Occupancy
60%
Building Details
Year Built
2009
Year Renovated
2024
Buildings
1
Stories
3
Listing Agency:
Matthews
Listed By:
Mitchell Glasson · License #02016029
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Jul 15 at 8:49PM
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 Matthews
Investment Insights
Based on property information with market context.
The Hampton Inn & Suites in New Iberia, Louisiana, features 102 rooms. Constructed in 2009, the property completed a renovation in 2024. Situated along Highway 90, the property benefits from interstate visibility. The property is currently operated under absentee ownership. The hotel provides a turnkey investment with an extended franchise license term. The property's location between Lafayette and the broader Acadiana region provides convenient regional connectivity while maintaining limited upper-midscale competition in the immediate trade area. The property represents an opportunity for investors seeking stable cash flow with revenue growth potential.
Key Highlights
- Recently renovated in 2024 with 'Forever Young' renovation.
- Priced at $72,550 per key, a low price‑per‑key opportunity.
- Strong interstate visibility and location along Highway 90.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$342,598
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,851,960
$6.9M
Cap Rate 7%
$4,894,257
$4.9M
Cap Rate 9%
$3,806,644
$3.8M
Market Conditions
NOI Build-Up for 63,603 SF
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.
Gross rent
$1.14M $18.00/SF
− Vacancy
−$423.6K −$6.66/SF
EGI
$721.3K $11.34/SF
− OpEx
−$378.7K −$5.95/SF
NOI
$342.6K $5.39/SF
Area
Iberia County, LA
Vacancy
37.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,851,960
Cap Rate 7%
$4,894,257
Cap Rate 9%
$3,806,644
Alternative Uses
Best Use
Hotel Hospitality
$4.89M
$4.28M – $5.71M
NOI $342,598 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.52M
$9.20M – $12.27M
NOI $736,370 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 102-room Hampton Inn & Suites in New Iberia, Louisiana.
Where is this hotel located?
The property is located at 400 Spanish Town Blvd New Iberia, LA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Recently renovated in 2024 with 'Forever Young' renovation.; Priced at $72,550 per key, a low price‑per‑key opportunity.; Strong interstate visibility and location along Highway 90.
