372 Voters Rd | Slidell, LA 70461
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- LoopNet Team
372 Voters Rd
Slidell, LA 70461
Holiday Inn & Suites Slidell-New Orleans Area · Hospitality Property For Sale
·
45,500 SF
INVESTMENT HIGHLIGHTS
- Projected 2021 year-end rooms revenue is anticipated to be approximately $2.2 million.
- From 2017 to 2020, rooms revenue remained relatively consistent, averaging over $1.8 million annually.
- The change-of-ownership PIP report has been posted to the Virtual Deal Room.
- The hotel's year-to-date November 2021 RevPAR was calculated at $67, exceeding the RevPAR achieved in 2019.
- Based on the October 2021 STR Report, YTD room-night demand for the East New Orleans submarket and the hotel increased 55.6% and 65.6%, respectively.
- Based on the pricing guidance, this asset can be acquired at a price well below replacement cost.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2002/2020 |
| Building Class | B | Parking Ratio | 2.35/1,000 SF |
| Lot Size | 2.53 AC | Corridor | Interior |
| Building Size | 45,500 SF | ||
| Zoning | C2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.53 AC |
| Building Size | 45,500 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2002/2020 |
| Parking Ratio | 2.35/1,000 SF |
| Corridor | Interior |
| Zoning | C2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 85366 | Improvements Assessment | $619,820 |
| Land Assessment | $0 | Total Assessment | $619,820 |
PROPERTY TAXES
Parcel Number
85366
Land Assessment
$0
Improvements Assessment
$619,820
Total Assessment
$619,820
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