AUCTION: Jan. 25-27 (Holiday Inn - Morgan City, LA)
Auction.com presents the opportunity to acquire a non-performing loan secured by a 221-room full service exterior corridor Holiday Inn located in Morgan City, St. Mary Parish, Louisiana. This hotel was built in 1974 and is situated on a 5.31 acre site that is just off of Highway 90, the area’s major traffic carrier. The subject location provides easy access to the Gulf of Mexico and the offshore oilfield companies and fishing fleets, both primary room demand generators in the market. The top commercial developments nearby in the market include the Teche Regional Medical Center and the Morgan Civic Center. For all of 2014, the Hotel generated $5,713,402 in total revenues. The property generated $2,928,766 YTD through July 2015.
For more information, please contact Michael Bernath at 770-692-1605 or [email protected].published: 01-14-2016