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Property Description:
Seven floor interior corridor newly renovated large rooms with granite bath & vanity, full glass view, Outdoor swimming pool, 143 Rooms with agreegate sand finish, Two elevators and meeting room, Nice large lobby, Concrete block building, New Waffle House in front of the property entrance.
This property is under Gulf Opportunity Zone (GO ZONE) which gives 50% first year Bonus Depreciation and other Federal and State incentives.
Location Description:
This property is located in East New Orleans on Interstate I-10 , Exit 244. Across from newly build Lowe's (Largest in US) and Renaissance Town Center Mall, This property is minutes away from other New Orleans tourist attractions such as the Audubon Zoo, the French Quarter, Downtown New Orleans, Superdome, Convention Center, NASA, Six Flags, Memorial Methodist Hospital, and many famous restaurants like McDonalds, Papayas , iHope, Dominos and Papa's Pizzas within walking distance. Also located near Exxon and Mobile Oil Refinery and University of New Orleans. East New Orleans is one of the fastest growing areas in US at 212% in next 2 years. New development in this area includes Renaissance Town Center and Super WalMart, which are coming right across the motel. Renaissance Town Center will include a mix of commercial elements including, grand theater, medical plaza, supermarket, restaurants, shops and offices on 80 acres of space across from this motel.
Six Flags New Orleans is being converted to waterpark and entertainment district, Creating a "world-class amusement park" open year round which is about 2 miles fron the property.
| No. Stories: | 7 | Commission Split: | 2.5% |
| Property Types: | Full Service Economy/Limited Service | Corridor: | Yes |
| Average Occupancy: | 56% |
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