WINGATE BY WYNDHAM LAKE CHARLES CASINO AREA Exclusive Listing 1731 W Prien Lake Rd, Lake Charles, LA 70605 For More Information: newgenadv.com Dinesh Dan Rama Ryan J. Bodine T 602.648.2700 C 602.478.9636 T 602.648.2703 C 480.236.9918 [email protected][email protected]
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WINGATE BY WYNDHAM LAKE CHARLES CASINO AREA
Exclusive Listing
1731 W Prien Lake Rd, Lake Charles, LA 70605
For More Information:
newgenadv.com
Dinesh Dan Rama Ryan J. BodineT 602.648.2700C 602.478.9636
WINGATE BY WYNDHAM LAKE CHARLES CASINO AREA1731 W Prien Lake Rd, Lake Charles, LA 70605
Table of Contents
CONTENTS
CONFIDENTIALITY & DISCLAIMER
P R O P E R T Y I N F O R M A T I O N 3
F I N A N C I A L A N A L Y S I S 6
L O C A T I O N I N F O R M A T I O N 8
P R O P E R T Y I M P R E S S I O N S 1 3
S A L E C O M P A R A B L E S 1 7
A D V I S O R B I O S 2 1
All materials and information received or derived from JDS Real Estate Services in association with NewGen, Dinesh S Rama and its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither JDS Real Estate Services in association with NewGen, Dinesh S Rama and its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. JDS Real Estate Services in association with NewGen, Dinesh S Rama will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. JDS Real Estate Services in association with NewGen, Dinesh S Rama makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. JDS Real Estate Services in association with NewGen, Dinesh S Rama does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by JDS Real Estate Services in association with NewGen, Dinesh S Rama in compliance with all applicable fair housing and equal opportunity laws.
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Dinesh Dan Rama Ryan J. BodineT 602.648.2700C 602.478.9636
This Wingate by Wyndham is a 77 room interior corridorproperty located in the heart of the Lake Charles HotelCasino District. Located just 1 mile away from the L'AubergeCasino and Golden Nugget Casino Resort. The Casinos are amajor tourist destination attracting over four millionvisitors a year.
Oil and gas is another major industry that is contributing tothe unprecedented growth in the City. In all, there is $44billion worth of projects that are currently underdevelopment in the Lake Charles area with another $65billion currently in the development pipeline.
Acquiring the Wingate in Lake Charles presents anopportunity for a new owner to capitalize on this futuregrowth in a market.
PROPERTY OVERVIEW
WINGATE BY WYNDHAM LAKE CHARLES CASINO AREA1731 W Prien Lake Rd, Lake Charles, LA 70605
Executive Summary
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Dinesh Dan Rama Ryan J. BodineT 602.648.2700C 602.478.9636
ABOUT LAKE CHARLESLake Charles is the fifth - largest incorporated city in the state ofLouisianna, located on Lake Charles, Prien Lake, and the CalcasieuRiver. Founded in 1861 in Calcasieu Parish, it is a major industrial,cultural, and educational center in the southwest region of thestate.
As of the 2010 census, the population was 71,993. Lake Charles isconsidered a regionally significant center of petrochemical refining,gaming, tourism, and education - being home to McNeese StateUniversity and Sowela Technical Community College. Because ofthe lakes and waterways throughout the city, metropolitan LakeCharles is often referred to as the Lake Area.
Southwest Louisianna leads the nation with over $100 Billion inindustrial projects recently completed, underway, or announced. Atotal of $44 Billion worth of projects are currently in development -spurring significant economic growth.
MCKNEESE STATE UNIVERSITYMcKneese State University is a public university and was founded in1939. McNeese is part of the University of Louisianna System and isclassified as a Master's University. The selective admissionsuniversity consists of six colleges.
The main campus occupies 121 acres - which includes 68 mainbuildings. McNeese is the first university in the State of Louisiana tooffer a concentration in forensic chemistry, and is one of the firstschools in the nation to offer a concentration in terrorism,preparedness and security.
The College of Business is accredited by the Association of toAdvance Collegiate Schools of Business - a prestigious accreditationthat has only been awarded to 5% of the business schools in theworld. The College of Engineering is closely linked to the nearbypetrochemical industries and refineries through the Lake AreaIndustry Alliance/McNeese Engineering Partnership.
WINGATE BY WYNDHAM LAKE CHARLES CASINO AREA1731 W Prien Lake Rd, Lake Charles, LA 70605
The City of Lake Charles
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Dinesh Dan Rama Ryan J. BodineT 602.648.2700C 602.478.9636
GOLDEN NUGGET & L'AUBERGE CASINO GOLF RESORTThe Golden Nugget and the L'auberge Casino golf resort is the areas premier destination. Both resortshave over 2000 luxury rooms, 140,000 square feet of non-stop Vegas style slot machines, poker roomand table games, 36 holes of championship golf, and high end luxury shopping and dining. Bothresorts also host year around conferences - each having over 30,000 square feet of meeting space.
The casino resorts are the closest Vegas style gambling and experience in a 400 mile radius, attractingover 4 million visitors a year from Baton Rouge to San Antonio and Houston. The Resorts have broughta diversity of visitors and have contributed a great deal to the local economy, driving over $300 milliona year in revenues. In addition to casino gaming, the resorts also attract conventions and musicentertainment that have contributed significantly to the Wingate's revenue stream - offering guests anaffordable room rate with close proximity and free transportation to both of the resorts.
WINGATE BY WYNDHAM LAKE CHARLES CASINO AREA1731 W Prien Lake Rd, Lake Charles, LA 70605
Golden Nugget & L'auberge Casino Resort
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Dinesh Dan Rama Ryan J. BodineT 602.648.2700C 602.478.9636
SASOL - $12B CHEMICAL COMPLEXThe Lake Charles Chemical Complex has seven manufacturing unitssituated on 400 acres. Primary products that are produced areused in the cleaning and personal care markets to manufactureingredients for soaps, detergents, shampoos, cosmetics,pharmaceuticals, and enhanced oil recovery markets.
Sasol is constructing a world-scale petrochemical complex - a $12Billion complex which will triple the company's chemical productioncapacity in the U.S. and enable it to build on its strong positions inthe robust and growing markets.
At the core of the project is an ethane cracker that will produce 1.5million tons of ethylene every year, a core building block for plasticsand other industrial products. The complex will include six chemicalmanufacturing plants. 90 percent of the cracker's ethylene outputwill be converted into a diverse slate of commodity andhigh-margin specialty chemicals for markets.
NOTABLE CONSTRUCTION$15.2 BILLION - BECHTEL OIL, GAS AND CHEMICALS - liquefiednatural gas facility.
$1.6 BILLION - BIG LAKE FUELS BY GTX- world- scale methanolproduction facility.
$800 MILLION - ENTERGY GENERATION PROJECT FOR LAKECHARLES POWER STATION - a 994MW natural gas-fired,combined-cycle power plant being developed in the Westlakeregion of Calcasieu Parish, Louisiana.
$300 MILLION - ENTERGY LOUISIANA TRANSMISSION PROJECT
$44 BILLION - TOTAL AMOUNT OF PROJECTS THAT ARECURRENTLY UNDER CONSTRUCTION:
WINGATE BY WYNDHAM LAKE CHARLES CASINO AREA1731 W Prien Lake Rd, Lake Charles, LA 70605
Petrochemical and Energy in Lake Charles
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