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Quality Inn & Suites

Property Details

Price                                                       $7,500,000

No. Units                                                 142

Building Size                                       Approx. 48,000 SF

Property Type                                  Hospitality

Property Sub-type                         Hotel

Cap Rate                                              10.0 - 12.0%

No. Stories                                            4

Building Class                                      A

Year Built                                              Around 2000

Tax ID/APN

Status                                                     Off-Market Deal


Property Notes

Property Description

Top Tier Choice Branded Hotel. Totally Renovated (Like BRAND NEW!), minimal to no PIP.


Highlights

  • Increasing income after rebranding completed in 2017!
  • Profitable
  • Dual Branding options available with Choice Hotels (Mainstay Suites / Quality Inn).
  • Strong demand market and INTERSTATE location
  • Very close to City of New Orleans - huge YEARLY demand generators!

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