Former Richmond Inn & Suites

Investment Overview

The property at 2683 Energy Drive in Baton Rouge, formerly operated as the Richmond Suites hotel, consists of approximately 96,229 square feet of improvements situated on a 4.6-acre site. Built in 1995 and renovated in 2011, the improvements include 145 guestrooms with an extended-stay orientation. The hotel is laid out with in-room amenities such as refrigerators, microwaves, and sinks, and features a range of on-site facilities including an outdoor pool and whirlpool, sport court, fitness center, business center, meeting rooms, laundry, and ample surface parking. The location is highly visible and accessible from Interstate 10 at the College Drive interchange, positioned within a strong retail and hospitality node that benefits from proximity to LSU and surrounding office and medical demand drivers.

Investment Highlights

• Prime Location & Excellent Visibility Just Off Interstate 10 at the College Drive Interchange
• Easy Access to LSU, Medical Centers, & Corporate Demand Drivers
• Direct Visibility from I-10 Enhances Long-Term Value & Marketability for Both Residential & Hospitality Uses, & Any Future Full-Scale Redevelopment
• Large ±4.6-Acre Site with Surface Parking, Pool, Fitness, Business Center, Sport Court, & Other Amenities that Add Value for Either Hospitality or Residential Conversion
• Building Design (Extended-Stay Suites with Kitchenettes) Lends Itself to Adaptive Reuse for Multifamily Units, Reducing the Scope of Reconfiguration Compared to Traditional Hotel Formats
• Favorable C-AB-2 Zoning that Supports a Wide Range of Commercial Uses, Providing Flexibility for both Continued Hotel Operation or Residential Redevelopment Concepts