10645 Reiger Rd - Hospitality FOR SALE


Baton Rouge, LA 70809- Airline/Jefferson
$5,950,000 USD
954-702-6710
10645 Reiger Rd, Baton Rouge, LA for Sale
$5,950,000 USD
Hospitality - FOR SALE
1/38
null | 7.43% Cap Rate

10645 Reiger Rd
Baton Rouge, LA 70809
Airline/Jefferson


HIGHLIGHTS

  • Prime Location: Situated directly off the I-10 Service Road in New Orleans, ensuring excellent visibility and accessibility.
  • Robust Market Segments: leisure tourists and business travelers visiting attractions like the French Quarter, Bourbon Street, Mardi Gras World & more!
  • Strong Financial Performance: Average gross revenue for the past 3 years is $1,729,574!
  • Diverse Economic Drivers: Benefits from proximity to key industries including technology, healthcare, logistics, manufacturing, academia, and more!
  • Growth Potential: Positioned to capitalize on New Orleans’ continued economic expansion and infrastructure development projects.

OVERVIEW

The Kohler Team at KW Commercial presents Trident Inn & Suites, a strategically positioned 141-keyhospitality asset located in the thriving market of New Orleans, Louisiana. This hotel is ideally situated off the I-10 Service Road, offering exceptional visibility and accessibility to key business and leisure travel segments. Trident Inn & Suites benefits from a diverse and robust guest base, including tourists drawn to the renowned cultural and entertainment attractions of New Orleans, such as the historic French Quarter, Bourbon Street, Mardi Gras World, and the Audubon Park & Zoo. Furthermore, the hotel serves the substantial business travel demand generated by nearby economic hubs, including NASA’s Michoud Assembly Facility, Port of New Orleans, Entergy Corporation, Pan-American Life Insurance Group, Ochsner Health System, LCMC Health, and major academic institutions like the University of New Orleans and Dillard University. This property is well-poised to capitalize on the ongoing economic expansion in New Orleans, particularly within sectors such as technology, healthcare, manufacturing, and logistics. With strong historical performance and a consistently impressive net operating income, Trident Inn & Suites presents an outstanding acquisition opportunity for hospitality investors seeking stable returns and significant growth potential in one of America's most dynamic cities.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$178 USD /SF

# OF ROOMS

82

PRICE/ROOM

$72,561 {currency}

CAP RATE

7.43%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trident Inn & Suites Baton Rogue

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

101

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

Commercial

APN/PARCEL ID

03119815

ASK ABOUT THIS PROPERTY

Kevin KohlerThe Kohler Team | KW CommercialMore Info
954-702-6710

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Kevin KohlerThe Kohler Team | KW CommercialMore Info
954-702-6710

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.