68700 Highway 190 Service Rd - Hospitality FOR SALE


Covington, LA 70433
$7,200,000 USD
404-398-2090
68700 Highway 190 Service Rd, Covington, LA for Sale
$7,200,000 USD
Hospitality - FOR SALE
1/13
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68700 Highway 190 Service Rd
Covington, LA 70433


HIGHLIGHTS

  • Hotel is located Right Off Interstate I-12 and US-190
  • Close to all demand generators
  • Bank Financing Available
  • Renovated Hotel
  • Minimal Transfer PIP
  • Seller has spent Significant Capex Improvements including the New Hampton Inn Exterior on the Building

OVERVIEW

Hampton Inn - Covington - LA is located right off Interstate I-12 and US-190 on the Northshore, four miles from downtown Covington. It is 6 miles from the UCM Museum and 7 miles from Fairview-Riverside State Park. Mandeville is just seven miles away and the Louis Armstrong New Orleans International Airport is 39 miles from the hotel. Attractions: Pelican Park - 9.8 miles Audubon Zoo - 33 miles Abita Brewery - 6 miles Castine Center - 8 miles City Center - 8 miles Downtown Historical Covington - 1.5 miles Tulane University Research Center - 6.4 miles Aquarium of the Americas - 34 - miles Location Highlights: 1. Downtown Covington: The hotel is near downtown Covington (4 miles), which offers a range of restaurants, boutiques, and art galleries to explore. It is known for its quaint and historic feel. 2. Bogue Falaya Park: This park is a popular spot for picnics and relaxation, situated along the Bogue Falaya River (4.3 miles). It's a lovely place for a stroll and has a playground for children. 3. Abita Springs: Just a short drive away, the town of Abita Springs (5.4 miles) is famous for the Abita Brewery. The guest can take a tour of the brewery and sample local beers. 4. Northlake Nature Center: This nature center is nearby and provides hiking trails, wildlife viewing, and a chance to explore the local wetlands and ecosystems. 5. Mandeville Lakefront: Located just across the lake from Covington, Mandeville offers a scenic lakefront area with walking paths, a harbor, and beautiful views of Lake Pontchartrain. 6. Abita Mystery House: Also known as the UCM Museum (5.5 miles), this quirky and eclectic museum in Abita Springs is filled with bizarre and unusual artifacts. 7. Tchefuncte River: The Tchefuncte River (14.3 miles) is a great spot for boating, fishing, and water recreation, and it's not far from Covington. 8. Fontainebleau State Park: This state park, located on the shores of Lake Pontchartrain (16.7 miles), offers hiking trails, a beach, and a historic sugar mill. 9. St. Tammany Trace: This 31-mile-long trail for walking, running, and cycling is built on a former railway line and passes through Covington, offering outdoor recreational opportunities. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$226 USD /SF

# OF ROOMS

72

PRICE/ROOM

$100,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton by Hilton Inn Covington

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2001

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

C

APN/PARCEL ID

30517

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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