CBC is pleased to offer for sale the 108 room Marina Motel in Chalmette, LA, located at 5353 Paris Road. The Motel is located in beautiful St. Bernard Parish, a serene and picturesque neighbor to lively New Orleans - 10 miles away. The Marina Motel in Chalmette offers its guests access to all the attractions New Orleans has to offer, but with the added local landscape of the famed sportsman's paradise that is Louisiana, and its bountiful bayous and thriving marshlands. The motel offers an exceptional opportunity for an investor/owner occupant to acquire a cash flowing property with strong upside potential. Currently, the motel operates with no flag, no management, little marketing, and there are only 108, of the potential 130 rooms, in service. A buyer can further add value by reopening the now vacant cafe/casino space attached to the south side of the property. Despite the above, the motel achieved a ADR of $82 and a GRR of $1m in 2017. There is very limited competition in the area, with only 2 other hotels/motels in Chalmette. Marina Motel being the only one that has a dock and water access.
|Max Continuous Area:||60,000|
|Available Date:||Jan 23rd, 2019|