110 James Dr W
Saint Rose, LA 70087
Five James Park · Office Property For Sale

OFFERING OVERVIEW:
We have been retained as the exclusive broker to market for sale the Holiday Inn Express & Suites New Orleans Airport South, an IHG-branded hotel located in the New Orleans, Louisiana market. The 134-room, 3-story, interior-corridor hotel is strategically positioned near Louis Armstrong New Orleans International Airport, offering convenient access to Interstate 10 and strong connectivity to downtown New Orleans and the broader metropolitan area. The subject property benefits from its proximity to the airport as well as major regional demand drivers including corporate offices, industrial hubs, and the Port of New Orleans. The prime location near the airport and along a major interstate corridor positions the hotel to capture a diverse mix of corporate, leisure, and transient demand. As part of the Holiday Inn Express & Suites by IHG Hotels & Resorts brand, the property benefits from strong brand recognition and efficient operating standards. IHG-branded hotels have consistently demonstrated dependable performance within the upper-midscale segment, offering investors the opportunity to acquire a well-located asset with stable cash flow potential and long-term value growth.


PROPERTY OVERVIEW:
The subject property remains in good condition, supported by ongoing maintenance and approximately $4.3MM+/- in recent capital improvements. A change-of-ownership Property Improvement Plan (PIP) is estimated to cost approximately $250,000+/-, though this figure is only a preliminary estimate. *The actual PIP requirements must be verified directly with IHG Hotels, as they are determined solely at the franchisor’s discretion and may vary in both scope and cost. This includes, without limitation, any franchisor requirements related to a change of ownership. The Recipient is solely responsible for independently verifying all such matters.


MARKET OVERVIEW:
The Holiday Inn Express & Suites New Orleans Airport South is located within the New Orleans–Metairie–Kenner Metropolitan Statistical Area, the primary economic and cultural hub of the state of Louisiana. The property is situated in Kenner, just minutes from downtown New Orleans and immediately adjacent to Louis Armstrong New Orleans International Airport, which serves more than 13 million passengers annually and acts as a major gateway to the region. The asset benefits from direct access to Interstate 10, a critical east–west corridor connecting the Gulf Coast and supporting significant commercial and leisure travel throughout the region. The immediate submarket is supported by a diverse mix of demand drivers including the airport, the Port of New Orleans, one of the nation’s busiest ports, and a strong tourism industry anchored by attractions such as the French Quarter and Caesars Superdome. Additional demand is generated by nearby corporate offices, industrial facilities, and year-round events and conventions. With its strategic location, strong transportation infrastructure, and consistent visitation, the New Orleans Airport submarket continues to demonstrate stable lodging demand across corporate, leisure, and group segments.


Property Highlights:
~ Holiday Inn & Suites New Orleans Airport South, an IHG Hotel
~ 134 Rooms | 3 Stories | Interior Corridor
~ Consistently Ranks as a Top Travel Destination Worldwide
~ High Barrier to Entry Submarket
~ Strong Year-Round Demand
~ Over 130 Unique Festivals and Events
~ $4.3MM+/- in Recent CapEx Improvements
~ Minimal PIP
~ Amenities Include: Outdoor Pool, Fitness Center, Business Center, Banquet and Meeting Space, Dining Area
~ New Leases in Place Totaling an Additional $267,375 Revenue in 2026


Location Highlights:
~ 6.3 Miles from Louis Armstrong New Orleans International Airport
~ 12.6 Miles from TPC Louisiana (Host of Zurich Classic)
~ 12.9 Miles from Caesars Superdome
~ 13.5 Miles from Downtown New Orleans
~ 13.6 Miles to Ceasars Superdome (Home to New Orleans Saints)
~ 14.8 Miles from New Orleans Ernest N. Morial Convention Center
~ 14.8 Miles to Port of New Orleans
~ 17.4 Miles from French Quarter
~ 18 Miles from Harrah’s Casino


Financial Highlights:
~ List Price of $19,995,000
~ YE 2025 Room Revenue of $4,605,310
~ YE 2025 NOI of $1,340,479
~ YE 2025 ADR / RevPAR / OCC: $137.87 ADR / $94.30 RevPAR / 68.4% OCC
~ Year 1 Projected Room Revenue of $5,162,513
~ Year 1 Projected NOI of $1,746,406