The hotel's topline operating performance is considered stable, with an average rooms revenue of $577,000 (rounded) over the last three years. |
With current "hands-off" ownership, numerous improvement opportunities exist, leading to reduced rooms expenses and administrative & general expenses. |
Over the past three years, the hotel has registered an average gross operating profit (GOP) of 13.33%, when it should achieve a GOP margin of 35-40%. |
Stabilized rooms revenue next year is anticipated to exceed $712,000 ($30 RevPAR), with an NOI flow-through of $230,000 (rounded). |
The 65-key count is an ideal size for either a first-time owner/operator or an experienced regional investor looking to expand their portfolio. |
Only three new hotels have opened in Natchitoches over the past 14 years, creating a market with reduced competition. |