for sale
Blue Star Inn
2111 NW Evangeline Thruway | Lafayette, LA 70501
Investment Highlights
- 80 unit independent property
- Two-story, exterior corridor
- Offered at $23,125/key
- 2024 Revenue: $480,811
- 2024 NOI: $256,598
- Offered at a 13.8% cap rate
- Conveniently located near the intersection of Interstate 10 and Interstate 49
Property Description
The Bowman Post Group of NewGen Advisory is pleased to present for sale the Blue Star Inn – Lafayette, LA , an 80-unit economy hotel situated on 1.99 acres. The Blue Star Inn – Lafayette, LA represents a significant investment prospect within a robust regional market. This established property offers considerable scale and immediate operational capacity, providing a compelling opportunity to leverage Lafayette’s dynamic economic environment and consistent demand for accommodation. Interested parties are invited to explore the potential for substantial returns and long-term value appreciation inherent in this well-located asset.
Location Description
Lafayette, Louisiana, strategically positioned along the I-10 corridor and intersected by I-49, serves as the economic hub of the Acadiana region. This central location provides excellent connectivity via major highways, railways, the Intercoastal Waterway, and the Lafayette Regional Airport, fostering a robust environment for commerce and distribution. Historically a stronghold in energy production and services related to the Gulf of Mexico,
Lafayette has diversified its economy into sectors like healthcare (the largest employer), education (home to the University of Louisiana at Lafayette), technology, finance, manufacturing, and tourism, creating a resilient and multifaceted demand base. The presence of a skilled workforce, a pro-business climate, and a unique cultural appeal further enhance Lafayette’s attractiveness for both businesses and residents, driving consistent demand for various types of real estate, including hospitality.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Kevin Bleier
Associate
CA #02225168
(805) 500-2155
kbleier@newgenadv.com
Brendan “Mac” Bleier
Vice President
CA #02084909
(805) 557-8867
mac.bleier@newgenadv.com
BROKER OF RECORD
Charles Loescher
CML Commercial Real Estate Services LLC
LA #BROK.912122967-ACT