| Price/Rent PSF | $ 7,500,000.00 |
| Asset Type | Hospitality |
| Trade Type | Sale |
| SQ. FT. Available | INQUIRE |
| Date Available | 12/10/2019 |
| Spaces | Show |
| Additional URL | Link |
| Additional parameters | Show |
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