Hotel-Motel
Quality Inn New Orleans
10020 I-10 Service Rd, New Orleans, LA 70127
Listing Price: $5,500,000
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.
Quality Inn New Orleans
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
Listing Price: $5,500,000
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
