Renovated Hampton Inn &
400 Spanish Town Blvd, New Iberia, LA 70560
For Sale
$6,500,000
102-room Hampton Inn & Suites in New Iberia, Louisiana.
Property Size63,603 SF
Price / SF$102.20
Days on Market229
Property Features for 400 Spanish Town Blvd
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Building Details
Units
Listed By:
Youssef Alkalabani · License TN #383025, AL 000169899-0
(615) 234-5749
Source:
Matthews
Added: Mar 27
Changed: Nov 6
Last Checked: Nov 10 at 5:03AM
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 Youssef Alkalabani
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$342,598
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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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.
