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Comfort Suites

comfort-suites-new

Property Details

Price                                                       $5,500,000

No. Units                                                 55

Building Size                                        Approx. 30,000 SF

Property Type                                      Hospitality

Property Sub-type                                 Motel

Cap Rate                                                10.0 - 12.0%

No. Stories                                             4

Building Class                                       A

Year Built                                              2011

Tax ID/APN

Status                                                     Off-Market Deal


Property Notes

Property Description

High occupancy, high volume income hotel. Top Tier Choice Branded Hotel.


Highlights

  • PIP completed in 2017 / 2018
  • Right size for Owner / Operator
  • Profitable - Strong NOI
  • Strong market & LOCATION
  • Very close to City of New Orleans - huge YEARLY demand generators!

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