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Hotel-Motel

Quality Inn New Orleans

10020 I-10 Service Rd, New Orleans, LA 70127

Listing Price: $5,500,000

Cap Rate
15.49%
Number of Rooms
130
RevPAR
$39
Gross SF
100,623
Price/Room
$42,308
Price/Gross SF
$54.66
Year Built
1972

Investment Overview

Marcus & Millichap, has been exclusively retained to offer for sale the fee simple interest in the 130-room Quality Inn located in New Orleans, Louisiana. The hotel is a 2-story property built in 1972 located directly off Interstate I-10, providing ease of access for commerce and tourism. Quality Inn New Orleans provides the opportunity for a new owner to acquire a recently renovated Choice hotel with the potential to realize significant RevPAR growth through hands-on management and a complete re-branding and utilization of the Choice name, reservation system, and loyal base of guests.

Investment Highlights

  • Recent Renovation/Conversion to Quality Inn from Days Inn
  • Property and the Market Have Rebounded Well in 2022 Following the Pandemic
  • May 2022 Running 12-Month RevPAR is Nearly $27 Higher Than it Was Last Year
  • Minimal PIP is Anticipated for a New Owner
  • The property is Just Off I-10
  • Located in New Orleans MSA
  • Close Proximity to: Nasa Michoud Assembly Facility, New Orleans East Hospital, New Orleans Lakefront Airport, Folgers Coffee, U.S. Coast Guard Base New Orleans, French Quarter, CBD & More!

Exclusively Listed By

  • David J. Altman

    First Vice President Investments

    (954) 245-3426

    Email David

    License(s): FL: SL3256051, AL: 000144449 - 0

    Fort Lauderdale

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

Hotel-Motel

Quality Inn New Orleans

Listing Price: $5,500,000

Cap Rate
15.49%
Number of Rooms
130
RevPAR
$39
Gross SF
100,623
Price/Room
$42,308
Price/Gross SF
$54.66
Year Built
1972

Investment Highlights

  • Recent Renovation/Conversion to Quality Inn from Days Inn
  • Property and the Market Have Rebounded Well in 2022 Following the Pandemic
  • May 2022 Running 12-Month RevPAR is Nearly $27 Higher Than it Was Last Year
  • Minimal PIP is Anticipated for a New Owner
  • The property is Just Off I-10
  • Located in New Orleans MSA
  • Close Proximity to: Nasa Michoud Assembly Facility, New Orleans East Hospital, New Orleans Lakefront Airport, Folgers Coffee, U.S. Coast Guard Base New Orleans, French Quarter, CBD & More!

Investment Overview

Marcus & Millichap, has been exclusively retained to offer for sale the fee simple interest in the 130-room Quality Inn located in New Orleans, Louisiana. The hotel is a 2-story property built in 1972 located directly off Interstate I-10, providing ease of access for commerce and tourism. Quality Inn New Orleans provides the opportunity for a new owner to acquire a recently renovated Choice hotel with the potential to realize significant RevPAR growth through hands-on management and a complete re-branding and utilization of the Choice name, reservation system, and loyal base of guests.

Exclusively Listed By

  • David J. Altman

    First Vice President Investments

    (954) 245-3426

    Email David

    License(s): FL: SL3256051, AL: 000144449 - 0

    Fort Lauderdale

  • Robert S. Hunter

    Senior Vice President Investments

    (954) 245-3473

    Email Robert

    License(s): FL: SL3241692, AL: 00091540, NC: LC738

    Fort Lauderdale

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