Exterior-Corridor Hotel for
For Sale
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13552 Chef Menteur Hwy, New Orleans, LA 70129
Two-story, exterior-corridor hotel with 59 currently operating rooms and 21 rooms planned for renovation.
Property SizeContact for details
Days on Market119
Property Features for 13552 Chef Menteur Hwy
General Information
Standard status
Active
Property subtype
Hospitality
Listing Agency:
HVS
(972) 755-5302
Listed By:
Andrew Frosch · License #TX 617531
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 9:42PM
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 HVS
Investment Insights
Based on property information with market context.
Relax Inn & Suites New Orleans is an independently operated, 80-room, two-story hotel featuring an exterior-corridor configuration. The property was constructed in 1967 and totals 1.81 acres. Currently, 59 rooms are in operation, while 21 rooms are prepared to undergo renovation. Common area amenities include a guest laundry facility, ample parking, and vending machines.
The hotel is located at 13552 Chef Menteur Highway in New Orleans, Louisiana, just off State Highway 90.
For the trailing twelve-month period ending in September 2022, room revenues nearly eclipsed $1 million, with projected net operating income of $589 thousand and a 59.7% projected net operating income to gross revenue ratio, based on year-to-date June 2022 expense ratios after adjustments to normalize insurance and a four percent capital replacement reserve.
The hotel is located at 13552 Chef Menteur Highway in New Orleans, Louisiana, just off State Highway 90.
For the trailing twelve-month period ending in September 2022, room revenues nearly eclipsed $1 million, with projected net operating income of $589 thousand and a 59.7% projected net operating income to gross revenue ratio, based on year-to-date June 2022 expense ratios after adjustments to normalize insurance and a four percent capital replacement reserve.
Key Highlights
- Relax Inn & Suites New Orleans at 13552 Chef Menteur Highway (just off State Highway 90)
- 80‑room, exterior‑corridor, two‑story hotel on 1.81 acres; built in 1967
- 59 rooms currently operating; 21 additional rooms prepared to undergo renovation while keeping common area amenities
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 70129, LA
10,884
Population
3,727
Households
2.9
Avg Household Size
32
Median Age
21%
College-Educated
72%
High-School Grad
90.9 sq mi
ZIP Area
120
Density / Sq Mi
$53,811
Median Household Income
$35,356
Median Earnings
$890
Median Rent
$170,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Two-story, exterior-corridor hotel with 59 currently operating rooms and 21 rooms planned for renovation.
Where is this hotel located?
The property is located at 13552 Chef Menteur Hwy New Orleans, LA.
What are key features of this property?
This property features: Relax Inn & Suites New Orleans at 13552 Chef Menteur Highway (just off State Highway 90); 80‑room, exterior‑corridor, two‑story hotel on 1.81 acres; built in 1967; 59 rooms currently operating; 21 additional rooms prepared to undergo renovation while keeping common area amenities
