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68700 U.s. 190 Service RdCovington, LA 70433
Hampton Inn, Covington, LA
Asset ClassHotel & Hospitality
Deal Size$7 M
overview of deal

Overview

Hotel Brokers of America is pleased to offer, on an exclusive basis, the opportunity to acquire this 72-room Hampton Inn (“Property” or “Hotel”), prominently located in Covington, LA. The hotel is conveniently located just off I-12 and US-190 on Louisiana’s Northshore, less than five miles from downtown Covington. Guests can enjoy the relaxed atmosphere of the Lake Pontchartrain area while remaining within easy reach of New Orleans, located approximately 45 minutes away via the Causeway. The property is minutes from many of the area's top restaurants and just a short drive from Mandeville. Complimentary hot breakfast and Wi-Fi are included to enhance the guest experience

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Investment Highlights

# Keys
72
# Stories
3
Cap Rate
8.65%
Deal Size
$7 M
Occupancy
55.24%
Square Feet
49,969
Year Built
2001
Year Renovated
2026

ADR: $119.66

Revenue: $1,784,317

NOI: $676,365

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68700 U.s. 190 Service RdCovington, LA 70433
New Orleans Overflow
St. Tammany Parish Hospital
Chevron Operations
Southeastern Louisiana University
Fairview-Riverside State Park
Mandeville Sports Complex

Sales Team

Raiyan RabNUMARIX

License #: LA - BROK.0995695759-ACT

Raiyan@numarix.com
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