68700 Highway 190 Service Rd - Hospitality FOR SALE


Covington, LA 70433
$7,000,000 USD
404-398-2090
68700 Highway 190 Service Rd, Covington, LA for Sale
$7,000,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

68700 Highway 190 Service Rd
Covington, LA 70433


HIGHLIGHTS

  • Hotel is located Right Off Interstate I-12 and US-190
  • 4 miles from Downtown Covington
  • Renovated Hotel. Minimal Transfer PIP.
  • Seller has spent Significant Capex Improvements including the New Hampton Inn Exterior on the Building
  • Absentee Owner. Management Company Operated.
  • Institutional Grade Cash Flow hotel

OVERVIEW

Rooms: 72 Interior Corridor Year Built: 2001 Lot Size: 1.6 acres 3 Stories Hotel is located Right Off Interstate I-12 and US-190 4 miles from Downtown Covington 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 Absentee Owner. Management Company Operated. Institutional Grade Cash Flow hotel Hampton Inn – Covington – LA is located directly off Interstate I-12 and US-190 along Louisiana’s thriving Northshore corridor. The property sits approximately 4 miles from Downtown Covington, offering immediate access to the area’s commercial and cultural hub. Its location provides strong regional connectivity, including proximity to the Lake Pontchartrain Causeway, linking directly to New Orleans approximately 30 miles away. Mandeville is just 7 miles from the property, further expanding access to a growing residential and retail market. The nearest major airport, Louis Armstrong New Orleans International Airport, is approximately 40 miles from the property, enhancing accessibility to a key transportation hub. Nearby attractions include Fairview-Riverside State Park (3 miles), Fontainebleau State Park (10 miles) along the shores of Lake Pontchartrain, and the Lake Pontchartrain Basin Maritime Museum (6 miles). Additional area highlights include Big Branch Marsh National Wildlife Refuge (12 miles), Abita Brewing Company (6 miles), Global Wildlife Center (18 miles), and Insta-Gator Alligator Ranch (5 miles). The property also benefits from close proximity to Pelican Park Recreation District (8 miles), Coquille Park (9 miles), the Mandeville Trailhead and Farmers Market (7 miles), and the Tammany Trace (multi-access points within 5 miles), a popular regional trail system. Retail and dining demand is supported by nearby destinations such as Pinnacle Nord du Lac Shopping Center (3 miles) and a dense concentration of established restaurants throughout Covington and Mandeville. The surrounding area continues to see steady growth driven by suburban expansion, strong local demographics, and its position as a gateway between Baton Rouge and New Orleans. This property presents a compelling investment opportunity due to its prime interstate location, strong visibility, and consistent demand drivers from both regional commerce and leisure destinations. The Northshore market continues to experience population growth and economic expansion, benefiting from its proximity to New Orleans while offering a more suburban environment. The asset’s accessibility to major highways, established tourism attractions, and retail centers supports stable occupancy levels. Additionally, its positioning near the Causeway enhances connectivity to a major metropolitan area, increasing its long-term value potential. With a well-recognized brand, strategic location, and diversified demand generators, this property offers a solid foundation for sustained revenue performance and future appreciation. Location Highlights: 1. Located directly off Interstate I-12 and US-190 with excellent visibility and accessibility 2. 4 miles from Downtown Covington, a primary business and cultural hub on the Northshore 3. 7 miles to Mandeville, expanding access to a strong residential and retail base 4. 30 miles to New Orleans via the Lake Pontchartrain Causeway 5. 40 miles to Louis Armstrong New Orleans International Airport 6. Near Pinnacle Nord du Lac Shopping Center with surrounding retail and dining options 7. Access to the Tammany Trace trail system and Mandeville Trailhead Farmers Market 8. Positioned within a high-growth Northshore corridor between Baton Rouge and New Orleans Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$140 USD /SF

# OF ROOMS

72

PRICE/ROOM

$97,222 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn - Covington - LA

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2001

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

C

APN/PARCEL ID

30517

ASK ABOUT THIS PROPERTY

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.