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Trident Inn & Suites, New Orleans 12340 I-10 Service Rd 141 Room Hotel New Orleans, LA 70128 For Sale
INVESTMENT HIGHLIGHTS
- The average NOI of the past 4 years is $843,038
EXECUTIVE SUMMARY
PROPERTY DESCRIPTION
The Kohler Team at KW Commercial are pleased to present the 141 Room Trident Inn & Suites New Orleans, a fully renovated asset, mid-stabilization, with increasing demand due to uptick in tourism and construction/ongoing operations of key infrastructure projects relating to the regions growing Tourism, manufacturing, distribution, and freight based economy.
The Hotel was flagged as a Quality Inn. In October 2019, it was converted to an Independent property. Notable improvements include replacement of all soft and hard goods, carpet/luxury vinyl flooring, marble counter tops, brand new two hot water heater, etc. The hotel has a consistent guest base and a proven history of annual revenues achieving nearly $2.4 Million in Gross sales and a lot of potential with an active operator. The average NOI of the past 4 years is $843,038, proving strong operating potential for this location and the opportunity for a strong operation for any prospective purchaser.
The property is located approximately 4 miles from Port of New Orleans expansion, 12 miles from The French Quarter and Biomedical district, 3 miles from NASA’s Michoud Assembly “America’s Rocket Factory”, and 19 miles from a new multimodal container terminal ($1.5 Billion TDC with $97 Million earmarked). Do not approach staff or disturb operations. Pre-scheduled tour only to prequalified parties.
The Kohler Team at KW Commercial are pleased to present the 141 Room Trident Inn & Suites New Orleans, a fully renovated asset, mid-stabilization, with increasing demand due to uptick in tourism and construction/ongoing operations of key infrastructure projects relating to the regions growing Tourism, manufacturing, distribution, and freight based economy.
The Hotel was flagged as a Quality Inn. In October 2019, it was converted to an Independent property. Notable improvements include replacement of all soft and hard goods, carpet/luxury vinyl flooring, marble counter tops, brand new two hot water heater, etc. The hotel has a consistent guest base and a proven history of annual revenues achieving nearly $2.4 Million in Gross sales and a lot of potential with an active operator. The average NOI of the past 4 years is $843,038, proving strong operating potential for this location and the opportunity for a strong operation for any prospective purchaser.
The property is located approximately 4 miles from Port of New Orleans expansion, 12 miles from The French Quarter and Biomedical district, 3 miles from NASA’s Michoud Assembly “America’s Rocket Factory”, and 19 miles from a new multimodal container terminal ($1.5 Billion TDC with $97 Million earmarked). Do not approach staff or disturb operations. Pre-scheduled tour only to prequalified parties.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 141 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1996/2012 |
| Building Class | C | Parking Ratio | 2.95/1,000 SF |
| Lot Size | 2.75 AC | Corridor | Interior |
| Building Size | 54,177 SF | ||
| Zoning | C-3 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.75 AC |
| Building Size | 54,177 SF |
| No. Rooms | 141 |
| No. Stories | 4 |
| Year Built/Renovated | 1996/2012 |
| Parking Ratio | 2.95/1,000 SF |
| Corridor | Interior |
| Zoning | C-3 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 141 | $57.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 3-9W-0-166-43 | Improvements Assessment | $408,000 |
| Land Assessment | $78,000 | Total Assessment | $486,000 |
PROPERTY TAXES
Parcel Number
3-9W-0-166-43
Land Assessment
$78,000
Improvements Assessment
$408,000
Total Assessment
$486,000
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Trident Inn & Suites, New Orleans | 12340 I-10 Service Rd
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