Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the La Quinta Inn & Suites by Wyndham Slidell - North Shore Area (‘Hotel’ or ‘Property’) located in Slidell, Louisiana. The Wyndham Hotels & Resorts-branded Hotel is offered at $3,500,000 or $59,323 per key. Situated at 126 Holiday Boulevard, Slidell, Louisiana, this 59-room, three-story property boasts interior corridors and enjoys a prime location within a mile of Interstate 12, which has roughly 80,000 vehicles traveled on this interstate daily. The property is equipped with various amenities including a seasonal outdoor pool and hot tub, business center, fitness center, laundry facility, bus/truck parking, and 1,200 square feet of meeting event space. Located within the Slidell–Mandeville–Covington MSA, near the eastern edge of Louisiana, Slidell presents a prime opportunity for hotel investment. With its proximity—approximately 30 miles northeast—of vibrant New Orleans and 80 miles east of Baton Rouge, Slidell offers investors access to key urban markets and diverse economic opportunities within the state. Slidell, Louisiana presents an enticing investment opportunity for hospitality ventures, anchored by a diverse array of attractions and facilities. The area features popular visitor spots such as Honey Island Swamp Tours (8.5 miles), Northshore Beach (10.4 miles), and the historic Slidell Antique District (4.7 miles) within Olde Towne Slidell, which offers galleries, restaurants, and numerous antique shops like Vintage Antiques & Collectibles, Magnolia House Antiques, and Marcie's Antique Boutique. It holds biannual street fairs in April and October, appealing to both leisure travelers and local tourists. Healthcare infrastructure is robust with facilities such as Slidell Memorial Hospital (4.5 miles – over 200 beds) and Ochsner Medical Center - North Shore (6.4 miles – over 150 beds). The Harbor Center (10.1 miles) is a 45,000 square-foot facility home to nearly 200 events annually, from corporate retreats to large consumer shows, as well as banquets and business seminars. The Slidell Museum (4.7 miles), located in the historic first town hall, showcases Slidell's history through photographs, artifacts, and memorabilia across two floors. It includes exhibits on the city's origins as a railroad camp and features a Mardi Gras Museum with a diverse collection of Carnival memorabilia. Proximity to major educational institutions like Southeastern Louisiana University (43.3 miles – enrollment approximately 14,000), University of New Orleans (31.0 miles – enrollment approximately 6,500), and Delta College of Arts & Technology (3.9 miles – enrollment approximately 100) enhances the potential for corporate and academic-related travel. Additionally, the area benefits from its proximity to the John C. Stennis Space Center (22.1 miles), fostering opportunities in aerospace-related tourism and business ventures. While Slidell lacks large corporate headquarters, its strategic location near New Orleans positions it as an ideal hub for visitors seeking a quieter yet accessible retreat. This blend of attractions and amenities makes Slidell a prime location for hotel investment, poised to capitalize on both regional tourism and local business demand. As of year-end 2023, the hotel’s RevPAR index was 72 percent, indicating room for improvement. However, by implementing various operational and marketing strategies, a new owner might achieve a heightened RevPAR index of 95-103 percent with the ability to upbrand the hotel while still being below replacement costs. This significant increase could result in competitive room revenues of approximately $1.4-1.5 million.