372 Voters Rd - Hospitality FOR SALE


Slidell, LA 70461- Outlying St Tammany Parish
$5,500,000 USD
404-398-2090
372 Voters Rd, Slidell, LA for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/46
null | Request Cap Rate


HIGHLIGHTS

  • 91-Key Select-Service Hotel: Modern 3-story, interior-corridor hospitality asset carrying the globally recognized Holiday Inn & Suites flag under IHG.
  • Immediate Interstate Access: Prominently positioned off I-10 near the I-12 and I-59 interchange, capturing heavy commercial transit and leisure corrid
  • Proximity to Greater New Orleans: Situated approximately 30 miles northeast of Downtown New Orleans, the French Quarter, and Caesars Superdome.
  • Strong Corporate & Government Demand: Driven by key regional institutions including NASA’s Stennis Space Center, Michoud Assembly Facility, and Camp V
  • Comprehensive Guest Amenities: Equipped with an on-site restaurant and lounge (Café 372), heated indoor swimming pool, 24-hour fitness center, and ded
  • Operational Flexibility & Upside: Offered unencumbered by third-party management, providing an incoming investor or owner-operator full operational co

OVERVIEW

Rooms: 91 Interior Corridor Year Built: 2001 Lot Size: 2.53 acres 3 Stories Located Right Off Interstate I-10 Close to All Demand Generators Bank Financing Available Premiere Location Along Interstate I-10 Cash Flow Generating Hotel Seller has spent Significant Capex Improvements on the Hotel Renovated Hotel Holiday Inn & Suites Slidell - New Orleans is located right off the Interstate I-10. Conveniently situated in the Voters part of Slidell (LA), this property is located close to attractions and interesting dining options. Dowtown New Orleans and the D-Day Museum are 30 miles from the property. Mississippi's Gulf Coast beaches, Gulf Coast Casinos such as the Silver Slipper (27.4 miles) and Hollywood Casino (33. 4 miles), New Orleans' French Quarter (28.7 miles) to enjoy a New Orleans Saints or LSU game at the Louisiana Superdome. The hotel is close to the area's best attractions including great shopping at Fremaux Shopping Center (2.5 miles), swamp tours with Honey Island Swamp (7.2 miles) tours or Cajun Encounters (8.1 miles). The hotel is within easy access to New Orleans festivals for Mardi Gras, Essence Fest, Jazz Fest and more. It is only just 3 miles from the Slidell Museum, 4 miles from the play areas at Heritage Park, and 7 miles from the Camp Salmen House, a 19th-century, French Creole Cottage. Louis Armstrong New Orleans Intl. Airport (MSY) is 34.7 miles away from the property Market Overview Highlights: This offering represents an ideal opportunity to acquire a stable operating asset with operational upside.This opportunity presents an investor the ability to acquire the Property at a price well below replacement cost. To construct a similar asset with comparable amenities, the estimated all-in investment would be a minimum of $125,000 to $150,000 per key. The Property is proximate to numerous dining, retail, and entertainment options, which is a positive attribute for both business and transient guests. Corporate demand generators in the area include the John C. Stennis Space Center (SSC),Department of Defense, Rolls-Royce Outdoor Jet Engine Test Facility, Lockheed Martin,General Dynamics PBF Energy Chalmette Refinery, Mississippi State University, Delgado,Southern Norfolk, CLC, Textron, Air Products & Chemicals, Michoud Assembly Facility, Slidell,Memorial Hospital, and Ochsneer Medical Center-North Sore. Furthermore, film production, sound facilities and studios have a growing presence in New Orleans and nearby suburbs. The Holiday Inn & Suites is part of the New Orleans East/Slidell submarket, which comprises a diverse mix of lodging facilities that range from larger branded hotels to smaller properties. Location Highlights: Slidell’s Olde Towne - 3 miles Bayou Country Village - 3 miles Bayou Bonfouca - 3 miles Bourbon Street - 5 miles Lake Pontchartrain - 42 miles The Slidell / New Orleans Northshore corridor (spanning East St. Tammany Parish at the intersection of I-10, I-12, and I-59) serves as the primary eastern gateway into the Greater New Orleans metropolitan area. Driven by regional industrial restructuring, high-capacity retail expansion, and logistics growth connecting the Northshore to the South Shore ports, several key developments are generating strong commercial momentum: 1. The Northshore Square Mall 54-Acre Mixed-Use Rebirth Following the release of the City of Slidell and STEDC’s Colliers Feasibility Roadmap, the long-dormant 54-acre mall site is being transformed into a high-intensity Mixed-Use Industrial, Logistics, and Retail Hub. Acquistapace Flagship Anchor: Regional specialty grocer Acquistapace closed on two parcels at the site to construct a massive flagship store. This major retail addition acts as an immediate foot-traffic catalyst and proof-of-concept for the remaining acreage. Last-Mile Logistics & Advanced Assembly: Capitalizing on the "tri-interstate" junction (I-10/I-12/I-59) with over 100,000 vehicles passing daily, the site is being rezoned and marketed for last-mile freight fulfillment and light assembly leveraging existing utility grids. 2. Fremaux Park & Town Center Expansion (Retail & Hospitality Engine) The 350-acre Fremaux mixed-use master plan along I-10 and Fremaux Avenue continues to expand its retail, industrial, and lodging footprint: Amazon Logistics Delivery Station: Amazon’s industrial delivery footprint at Fremaux Park anchors high-velocity parcel distribution for East St. Tammany. Dana Incorporated Industrial Facility: The 32,000 sq. ft. Dana Inc. assembly and repair facility provides high-end gearbox engineering for heavy industry across Greater New Orleans. Hospitality & Retail Growth: Multiple hotel additions (including SpringHill Suites by Marriott and Home2 Suites by Hilton) alongside new retail leases (such as Skechers and specialty apparel) are absorbing outparcels. 3. Greater New Orleans Logistics & Port Synergies (Regional B2B Sales) Because Slidell functions as the major freight gateway into Orleans and St. Bernard Parishes, regional infrastructure milestones directly stimulate East St. Tammany business activity: Louisiana International Terminal (LIT) Permitting & Build-Up: With the U.S. Army Corps of Engineers granting key federal permits for the $1.8B Louisiana International Terminal downriver in St. Bernard Parish, logistics and drayage operators are aggressively securing warehouse capacity along the I-10/I-12 corridor in Slidell to avoid South Shore congestion. Corporate & Defense Expansion: Slidell-based defense contractor Textron Systems and maritime engineering expansions (such as Birdon America) support high-wage engineering payrolls that stimulate local spending power. 4. Residential "Cross-Lake" In-Migration & Rooftop Demand As Greater New Orleans professionals and coastal Mississippi commuters seek suburban housing with lower property densities: Subdivision Deliveries: Steady single-family housing completions across East St. Tammany continue to yield strong retail sales tax collections and high labor force participation. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$121 USD /SF

# OF ROOMS

91

PRICE/ROOM

$60,440 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn & Suites Slidell - New Orleans

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2002

PARKING SPACES

127

LAND DETAILS

LAND ACRES

2.53 AC

LAND SF

110,207 SF

ZONING

C2

APN/PARCEL ID

85366

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Raiyan RabNUMARIXMore Info
404-398-2090

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Raiyan RabNUMARIXMore Info
404-398-2090

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