Red Roof Inn & Suites Houma, LA 1254 Grand Caillou Rd 62 Pièce Hôtel Houma, LA 70363 3 222 438 $ CAD (51 975 $ CAD/Pièce)

Zero deferred maintenance, no capex at closing.
Newly converted to Red Roof Inn in February 2026. Four months of branded operating history means the flag's revenue impact hasn't normalized into the financials yet — buyer acquires before the upside is priced in.
Houma's Port Fourchon energy corridor and two major healthcare systems within minutes provide non-seasonal, structural lodging demand.
Available individually or alongside the Motel 6 at 125 Dixie Ave — same owner, same market.
Turnkey, stabilized asset. The 2025/2026 fully completed PIP eliminates the near-term capital requirements that burden many economy hotel acquisitions. A buyer steps into a clean, code-compliant, brand-compliant physical plant.
Transfer PIP ~ $18,000
$37,096 per key, about half of replacement. A new 62-key economy build runs $90,000 to $130,000 per key ($5.6M to $8.0M).
Energy sector demand driver. Houma anchors the Tri-Parish oilfield services corridor. Upstream and midstream contractor activity generates extended-stay, repeat business demand that is non-seasonal and largely rate-inelastic.
Medical demand proximity. Leonard J. Chabert Medical Center is within walking distance. Terrebonne General Health System is a five-minute drive. Healthcare-related transient demand provides a stable, recession-resistant occupancy floor.
Nationally recognized flag. Red Roof's reservation system, loyalty program, and brand recognition reduce customer acquisition costs and provide rate support versus independent operators in the same submarket.
Strategic location on US-90. The property's position on the primary commercial corridor connecting Houma to New Orleans captures both destination and pass-through demand from a broad regional catchment.
Efficient economy flag operations. Red Roof's lean operating model — no restaurant, limited F&B, minimal amenity overhead — translates to strong GOP margins relative to full-service and select-service competitors.
Pet-friendly positioning. Red Roof's brand-wide pet policy is a documented occupancy driver that captures incremental demand from a traveler segment with limited economy hotel options in this market.