Wingate by Wyndham Lake Charles Casino Area
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 7,500,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available INQUIRE
Date Available 04/18/2019
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Description

Location
Lake Charles is a city in southwest Louisiana. Downtown, the Mardi Gras Museum explores the history of the iconic festival through colorful costumes. The 1911 Historic City Hall Arts & Cultural Center features traveling exhibitions and local art. Nearby, the giant, centuries-old Sallier Oak tree stands on the grounds of the Imperial Calcasieu Museum, a visual arts center. The city also has several large casinos.

Lousiana Broker of Record: JDS Real Estates Services Inc. Lic No. 0995689716

Sale
The Wingate by Wyndham is a 77 room interior corridor in the heart of the Lake Charles Hotel Casino District. Located just 1 mile away from L'Auberge Casino and Golden Nugget Casino Resort - which attracts over 4 million visitors a year, generating over $300 Million in revenue annually. Additionally, there are over $44 Billion worth of projects that have broken ground in the Lake Charles area, with another $65 Billion in the approval process. Oil has been a major industry that's been contributing to this level of growth to the city - with over $31 Billion worth of projects currently under development. Acquiring the Wingate in Lake Charles presents an opportunity for the new owner to capitalize on this future growth in a market that's benefiting from two strong demand generators - Casino tourism and energy.

Lousiana Broker of Record: JDS Real Estates Services Inc. Lic No. 0995689716

Location