12340 I-10 Service RdNew Orleans, LA 70128

Property Details for 12340 I-10 Service Rd

Year built

1996

Lot size

2.75 AC

Property size (Sq ft)

119,790 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional 141-room hotel in New Orleans, Louisiana, presents a compelling investment opportunity. Boasting 119,790 square feet on a 2.75-acre lot, this four-story property underwent extensive renovations in 2012 and 2017, featuring updated soft and hard goods, new carpeting and luxury vinyl flooring, and marble countertops. The hotel, built in 1996, currently operates independently but offers the flexibility to affiliate with a midscale brand, requiring minimal property improvement plan (PIP) investment. Its strategic location, approximately 4 miles from the Port of New Orleans expansion, 12 miles from the French Quarter and Biomedical District, and 3 miles from NASA's Michoud Assembly Facility, positions it to benefit from multiple demand generators, including tourism, manufacturing, distribution, and the medical sector. The property includes two elevators, an interior corridor, and on-site manager's living quarters. With 130 keys and a recent asking price of $9,900,000 ($82.64 per square foot), this hotel offers significant long-term potential and diverse operating strategies. The address is 12340 I-10 Service Rd, New Orleans, LA 70128.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

30.0495

Longitude

-89.9537

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