350 Holiday Square Blvd | Covington, LA 70433
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
350 Holiday Square Blvd
Covington, LA 70433
Hilton Garden Inn Covington/Mandeville · Hospitality Property For Sale
·
72,091 SF
INVESTMENT HIGHLIGHTS
- Fee simple interest in the real estate owned, 116-room Hilton Garden Inn Covington LA offered at a discount to replacement cost.
- Property is for sale in the December 14th auction event on the Ten-X platform.
- The hotel, which has been third party managed since late 2019 and REO since mid-2021, will be offered unencumbered of management and debt.
- Significant upside for a perspective buyer transitioning from third-party management to an owner/operator model.
- Ability to retain the Hilton Garden Inn flag for a new long-term license with completion of the change-of-ownership PIP.
- Opportunity to maximize benefit from the Hilton reservation system as the nearby Homewood Suites is being converted to affordable housing.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2011/2021 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.10 AC | Parking Ratio | 0.93/1,000 SF |
| Building Size | 72,091 SF | Corridor | Interior |
| Zoning | AE3 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.10 AC |
| Building Size | 72,091 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2011/2021 |
| Tenancy | Single |
| Parking Ratio | 0.93/1,000 SF |
| Corridor | Interior |
| Zoning | AE3 |
AMENITIES
- Fitness Center
- Restaurant
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
PROPERTY TAXES
| Parcel Number | 33338 | Improvements Assessment | $687,867 |
| Land Assessment | $0 | Total Assessment | $687,867 |
PROPERTY TAXES
Parcel Number
33338
Land Assessment
$0
Improvements Assessment
$687,867
Total Assessment
$687,867
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
