First-Generation Country Inn &
130 Holiday Blvd Covington, LA 70433
130 Holiday Blvd, Covington, LA, 70433
Contact for pricing
For Sale
Contact for pricing
Hotel built and owned by the original developer, with a targeted renovation plan and current performance below market levels.
Property Size37,942 SF
Price / SF$151.55
Days on Market117
Property Features for 130 Holiday Blvd
General Information
- Standard status
- Active
- Size
- 37,942 SF
- Property subtype
- Hospitality
Listing agency
Hotel Brokers Of America
Listed by
Corina Palekar · License #CA 01905002
Source
Crexi
Added: Mar 27 Updated: Jul 21 at 4:51AM Checked: Jul 21 at 4:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hotel Brokers Of America
Investment Insights
Based on property information with market context.
This for-sale hotel is the Country Inn & Suites in Covington, Louisiana, positioned as a first-generation asset that has never been sold. The property was built and owned by the original developer and is offered with a targeted renovation plan intended to support improved operations.
According to the seller, current performance is below market levels, which the listing frames as a potential driver for operational improvement. The property is located at 130 Holiday Blvd, Covington, LA 70433.
According to the seller, current performance is below market levels, which the listing frames as a potential driver for operational improvement. The property is located at 130 Holiday Blvd, Covington, LA 70433.
Key Highlights
- Country Inn & Suites in Covington, Louisiana
- First‑generation hotel built and owned by the original developer (never been sold)
- Targeted renovation plan to improve operations
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $569.1k | $15.00 |
| − Vacancy | −$68.3k | −$1.80 |
| EGI | $500.8k | $13.20 |
| − OpEx | −$262.9k | −$6.93 |
| NOI | $237.9k | $6.27 |
37,942 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$3.40M
$2.97M – $3.96M
NOI $237,896 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$409.02M
$357.89M – $477.19M
NOI $28,631,337 @ 7.0% cap · market cap 497.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Country Inn & Suites ...
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Hotel built and owned by the original developer, with a targeted renovation plan and current performance below market levels.
Where is this hotel located?
The property is located at 130 Holiday Blvd Covington, LA.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Country Inn & Suites in Covington, Louisiana; First‑generation hotel built and owned by the original developer (never been sold); Targeted renovation plan to improve operations
