68700 190 Service Rd Covington, LA 70433
- Hospitality properties
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Costume Store / Party Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 68700 190 Service Rd
- Year built
- 2001
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 72-key Hampton Inn in Covington, Louisiana, presents a lucrative investment opportunity. Built in 2001 and situated on a three-story building, this renovated hotel boasts a prime location directly off Interstate I-12 and US-190, providing easy access to major roadways and numerous attractions. The property is conveniently located just four miles from the charming downtown Covington, offering guests easy access to a variety of restaurants, boutiques, and art galleries. Within a short radius, guests can explore Bogue Falaya Park, Abita Springs (home to the Abita Brewery), and the UCM Museum (Abita Mystery House). Further afield, but still within reasonable driving distance, are attractions such as Fairview-Riverside State Park, Mandeville's lakefront, the Tchefuncte River, Fontainebleau State Park, and the St. Tammany Trace. The hotel's proximity to these destinations, coupled with its convenient interstate access, ensures strong occupancy rates and consistent revenue generation. Bank financing is available, and the minimal transfer PIP (Property Improvement Plan) further enhances the investment appeal. This is a turnkey operation with significant upside potential for a savvy investor. The asking price is $7,200,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- St. Tammany Parish
- State
- Louisiana
- Longitude
- -90.0801
- Latitude
- 30.4292
