56460 Frank Pichon Rd Slidell, LA 70458-8446

Property Details for 56460 Frank Pichon Rd

Year built

2007

Lot size

1.00 lot acres

Property size

32,964 SF

Property type

Commercial real estate

APN

91769

APU

91769

Description

This exceptional 81-key Hampton Inn, located in Slidell, Louisiana, presents a compelling investment opportunity. The three-story, 35,789 square foot hotel boasts interior corridors and is strategically situated on Interstate 10, just 30 miles north of New Orleans, offering convenient access to major transportation routes, including I-10, I-12, and I-59, and within 40 miles of Louis Armstrong New Orleans International Airport. Built in 1998, this property generated a gross revenue of $2,237,675 in 2023, resulting in a net operating income (NOI) of $704,349. The property features a minimal transfer PIP from Hilton, minimizing upfront capital expenditures. Slidell, the 15th largest city in Louisiana, is located on the north shore of Lake Pontchartrain in St. Tammany Parish, and is known for its vibrant arts scene, historic district, diverse culinary offerings, and abundant outdoor recreational opportunities. The asking price is $10,500,000, translating to $293.39 per square foot. The property's APN is 124-112-5281. This is a turnkey operation with significant upside potential in a thriving location. This represents a rare opportunity to acquire a well-established, high-performing hotel in a desirable market.

Location Insight

City

Slidell

County

Saint Tammany

State

Louisiana

Longitude

-89.765

Latitude

30.2475

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments