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Ramada Metairie New Orleans Airport 3400 Service Rd 193 Room Hotel Metairie, LA 70001 $11,700,000 ($60,622/Room)
INVESTMENT HIGHLIGHTS
- Great visibility
- Access to Airport and Downtown
EXECUTIVE SUMMARY
Seize the opportunity to acquire a 193-room hotel strategically located in the heart of Metairie, just minutes from the New Orleans Airport, French Quarter, and major demand drivers. This prime property offers significant upside through renovation and rebranding potential, with strong in-place cash flow supported by a long-term IHOP lease.
PROPERTY FACTS
| Price | $11,700,000 | Building Size | 78,406 SF |
| Price Per Room | $60,622 | No. Rooms | 193 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1969/2007 |
| Property Subtype | Hotel | Parking Ratio | 3.24/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.29 AC | ||
| Zoning | B2 | ||
| Price | $11,700,000 |
| Price Per Room | $60,622 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.29 AC |
| Building Size | 78,406 SF |
| No. Rooms | 193 |
| No. Stories | 4 |
| Year Built/Renovated | 1969/2007 |
| Parking Ratio | 3.24/1,000 SF |
| Corridor | Interior |
| Zoning | B2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 193 | $109.00 | - |
PROPERTY TAXES
| Parcel Number | 0820017883 | Improvements Assessment | $671,960 |
| Land Assessment | $256,550 | Total Assessment | $928,510 |
PROPERTY TAXES
Parcel Number
0820017883
Land Assessment
$256,550
Improvements Assessment
$671,960
Total Assessment
$928,510
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Ramada Metairie New Orleans Airport | 3400 Service Rd
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