130 Holiday Blvd - Hospitality FOR SALE


Covington, LA 70433
$5,750,000 USD
661-910-8003
130 Holiday Blvd, Covington, LA for Sale
$5,750,000 USD
Hospitality - FOR SALE
1/82
null | Request Cap Rate

130 Holiday Blvd
Covington, LA 70433


HIGHLIGHTS

  • First-Time Sale – Original Ownership
  • Estimated PIP: ~$500,000. A new buyer should receive a minimum of a 15 year license with Choice hotels
  • Strategic location within 1–1.5 hours of New Orleans, Baton Rouge, and the Gulf Coast

OVERVIEW

The Country Inn & Suites in Covington, Louisiana is a rare opportunity to acquire a first-generation asset that has never been sold. Built and owned by the original developer, the property offers immediate upside through improved operations and a targeted renovation plan. With current performance below market levels, this asset is well-positioned for investors seeking yield and operational upside in a growing Northshore submarket. Investment Highlights • First-Time Sale – Original Ownership • 70-Key Select-Service Hotel • Estimated PIP: ~$500,000 (~$7.2K/Key) • Below-Market Performance with Upside • New 15–20 Year License Expected with Choice • SBA Financing Available • Located in Growing Northshore Submarket

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$152 USD /SF

# OF ROOMS

70

PRICE/ROOM

$82,143 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Inn & Suites By Radisson Covington

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

C-2

APN/PARCEL ID

27005

ASK ABOUT THIS PROPERTY

Corina PalekarHotel Brokers of AmericaMore Info
661-910-8003

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Corina PalekarHotel Brokers of AmericaMore Info
661-910-8003

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