Thank you for your interest in the 75 room Comfort Inn and Suites located directly off Interstate 12 (a 48 min drive North of New Orleans) which provides easy access to nearby cities and attractions, such as the Gulf Coast. The city of Covington, LA has been growing rapidly in recent years relocating high-income earners and corporate companies from New Orleans as the cost of living in Covington is more affordable than in New Orleans, making it an attractive option for those seeking a high quality of life. * * *REASON FOR THE SALE: The seller is relocating to Florida area where he is also planning to move his funds. * * *FRANCHISE / PIP: A new owner will receive a new 20 year license with Choice. Seller completed the move to modern renovation a few years ago and in the last 12 months has implemented many of the Rise and Shine PIP requirements. A new owner will be expected to have a minimal PIP approx. $250,000. * * *Covington, LA is a popular tourist destination, with many attractions, and events that draw visitors to the area throughout the year. As such, there is a high demand for lodging options, making it a profitable market for hotel owners. * * The area employers are a mix of industries including healthcare, education, retail, energy, and manufacturing, among others. The presence of these large employers listed below in the area provides a diverse range of job opportunities. Corporate Generators: • Chevron • Boehringer Ingelheim • St. Tammany Parish Hospital • Hornbeck Offshore • PoolCorp • Dynamic Industries * * *Demand Generators: • Abita Brewery • Pelican Park Sports Complex • Fontainebleau State Park • Lake Pontchartrain Causeway • Covington Farmers Market • Tammany Trace Bicycle Trail • Insta-Gator Ranch and Hatchery • Fairview-Riverside State Park These corporate and demand generators attract business and leisure travelers to the area. In addition, the city hosts several festivals during the Spring and Fall months which fill the hotels up during this time, including the St. Tammany Crab Festival and the Three Rivers Art Festival. * * In recent years, Covington has seen an influx of new businesses and entrepreneurs, and the city has implemented initiatives to support their growth. Major development projects, such as the proposed Covington Connector, the revitalization of downtown Covington, the renovation of the North Shore Square Mall, and the development of Bogue Falaya Riverfront Park, are expected to bring in more economic activity and create new jobs in the area. Furthermore, the construction of a new hospital by St. Tammany Health System is set to further enhance the city's offerings and bring in additional investment and employment opportunities.