12340 I-10 Service Rd New Orleans, LA 70128
- Hospitality properties
- 119,790 SF
- 2.75 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 12340 I-10 Service Rd
- Year built
- 1996
- Lot size
- 2.75 lot acres
- Property size
- 119,790 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 141-room hotel in New Orleans, Louisiana, presents a compelling investment opportunity. Boasting 119,790 square feet on a 2.75-acre lot, this four-story property underwent extensive renovations in 2012 and 2017, featuring updated soft and hard goods, new carpeting and luxury vinyl flooring, and marble countertops. The hotel, built in 1996, currently operates independently but offers the flexibility to affiliate with a midscale brand, requiring minimal property improvement plan (PIP) investment. Its strategic location, approximately 4 miles from the Port of New Orleans expansion, 12 miles from the French Quarter and Biomedical District, and 3 miles from NASA's Michoud Assembly Facility, positions it to benefit from multiple demand generators, including tourism, manufacturing, distribution, and the medical sector. The property includes two elevators, an interior corridor, and on-site manager's living quarters. With 130 keys and a recent asking price of $9,900,000 ($82.64 per square foot), this hotel offers significant long-term potential and diverse operating strategies. The address is 12340 I-10 Service Rd, New Orleans, LA 70128.
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
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -89.9537
- Latitude
- 30.0495
