372 Voters Rd - Hospitality FOR SALE
Slidell, LA 70461 |
372 Voters Rd
Slidell, LA 70461
HIGHLIGHTS
- Projected 2021 year-end rooms revenue is anticipated to be approximately $2.2 million.
- The hotel's year-to-date November 2021 RevPAR was calculated at $67, exceeding the RevPAR achieved in 2019.
- From 2017 to 2020, rooms revenue remained relatively consistent, averaging over $1.8 million annually.
- Based on the October 2021 STR Report, YTD room-night demand for the East New Orleans submarket and the hotel increased 55.6% and 65.6%, respectively.
- The change-of-ownership PIP report has been posted to the Virtual Deal Room.
- Based on the pricing guidance, this asset can be acquired at a price well below replacement cost.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Holiday Inn & Suites Slidell-New Orleans Area
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
45500
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2002
PARKING SPACES
127
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C2
APN/PARCEL ID
85366
