Hotel Business in Louisiana

Sale of immovable property located at 3411 U.S. Highway 165, Pineville, Louisiana, on which is contained the Sleep Inn & Suites together with certain movable assets which are primarily furniture fixtures and equipment.

Legal Description:
A certain piece, parcel or tract of land, containing 1.841 acres, more or less, together with all buildings and improvements located thereon, and all rights, ways, and privileges thereunto appertaining, being, lying, and situated in the NW ¼ of the SW ¼ of Section 36, Township 5 North - Range 1 East, Rapides Parish, Louisiana, being more particularly described as follows, to-wit:
Commence at the Northwest Corner of Lot A of Kings Center as per plat recorded at Plat Book 22, Page 29, of the of the records of Rapides Parish, Louisiana, thence proceed South 89 degrees, 40 minutes East a distance of 218.97 feet to a point which is the Northeast corner of Lot A of Kings Center;
thence proceed South 01 degrees, 50 minutes East a distance of 390.25 feet to a corner in a tree root; thence proceed South 89 degrees, 43 minutes East a distance of 203.49 feet to the Point of Beginning; from said Point of Beginning proceed North 0 degrees, 17 minutes East a distance of 97.78 feet to a point; thence proceed North 35 degrees, 06 minutes, 14 seconds East a distance of 151.85 feet to a point; thence proceed South 89 degrees, 43 minutes East a distance of 400.00 on the West right-of-way line of U.S. Highway 165; thence proceed South 36 degrees 21 minutes 15 seconds West, along the West right-of-way line of U.S. Highway 165 a distance of 200.00 to a point; thence proceed South 83 degrees, 29 minutes, 53 seconds West a distance of 94.28 feet to a point; thence proceed South 42 degrees 34 minutes 15 seconds West a distance of 67.38 feet to a point; thence proceed North 89 degrees 43 minutes West a distance of 230 feet back to the Point of Beginning; being more particularly shown on Certificate of Survey dated February 29, 2000, by Frank L. Willis, RPLS, and being that property acquired by Act of Cash Sale dated, filed and recorded August 13, 1998, at Conveyance Book 1539, Page 116, of the conveyance records of Rapides Parish, Louisiana.