The Louisiana Workers’ Compensation Corp. has acquired the Red Roof Inn property near S. Acadian Thruway, visible from I-10, with plans to demolish the closed hotel.
In a deal that closed Monday, LWCC acquired the property for $4 million from Kalpesh Patel, who sold the property through Jayvivek La LLC. The hotel has been closed for several weeks.
LWCC Chief Marketing Officer Seth Irby says the owners of the Red Roof Inn approached the insurance carrier after it acquired the La Quinta Inn, adjacent to LWCC, in November. Demolition began yesterday on the La Quinta property and could run through April, says Irby.
LWCC doesn’t have plans for the La Quinta or Red Roof Inn properties beyond demolition, he says, adding that the company is evaluating its options with the board of directors and that a decision could be made within the coming months.
“We saw it as an opportunity to improve the community and local area,” Irby says, “and it also gives us a larger area surrounding our property.”
