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130 Holiday BlvdCovington, LA 70433
Country Inn & Suites By Radisson Covington, LA
Asset ClassHotel & Hospitality
Deal Size$5.75 M
overview of deal

Overview

Hotel Brokers of America is pleased to offer, on an exclusive basis, the opportunity to acquire this 70-room Country Inn & Suites (“Property” or “Hotel”), prominently located in Covington, LA. Located about 45 minutes north of New Orleans off I-12, the Country Inn & Suites by Radisson, Covington, LA offers guests a quiet stay within easy reach of Lake Pontchartrain and the bustling French Quarter. For a bit of local history, guests can visit Abita Mystery House, about 15 minutes off the hotel. Additionally, this hotel offers convenience as its just 45 minutes from Louis Armstrong New Orleans International Airport (MSY).

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Investment Highlights

# Keys
70
# Stories
3
Occupancy
56.49%
Square Feet
37,942
Year Renovated
2015

Projected 2026:

Occupancy - 58.18%

ADR - $111.65

Revenue - $1,659,661

NOI - $564,285

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130 Holiday BlvdCovington, LA 70433
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Sales Team

Corina PalekarBroker

License #: TREC Lic. #838258

661-910-8003Corina@HBofAmerica.com
Brain BrockmanLouisiana Broker

License #: LA BROK.0995684990-ASA

Bor@bangrealty.com
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