Hampton by Hilton Inn Covington 68700 Highway 190 Service Rd 72 Room Hotel Covington, LA 70433 $7,000,000 ($97,222/Room) 8.65% Cap Rate

***Please note the NOI is HIGHER than the auto calculated NOI above: Actual NOI is $676,365***
Hotel Brokers of America and NUMARIX are pleased to present the newly renovated (in 2026) Hampton Inn by Hilton Covington, a 72-key, select-service hotel strategically positioned along the highly traveled U.S. Highway 190 and Interstate 12 corridor in Louisiana's thriving Northshore market. Located less than an hour from downtown New Orleans, the property sits at the center of one of the state's fastest-growing and most affluent regions, benefiting from a powerful mix of corporate, healthcare, government, contractor, and leisure demand.
Why Investors Will Love This Property
• Stabilized, Branded Cash Flow - The buyer steps into a proven, performing Hampton operation on day one
• Double-Digit Levered Returns - A 17.45% net cash-on-cash return on in-place performance.
• Light, Defined PIP - A modest, cosmetic $200,000 (~$2,778/key) PIP
• Top-Tier Demographics - St. Tammany Parish pairs some of the highest household incomes in Louisiana with sustained population and employment growth — a structurally expanding, high-quality lodging demand pool.
• Attractive Basis - At $100,000 per key on a total project cost basis, the acquisition sits well below the replacement cost of new upper-midscale construction in the Greater New Orleans market
• Brand & Loyalty Tailwind - Hampton by Hilton drives a high-quality, rate-resilient transient and corporate base through Hilton’s reservation engine and 200M+ member Hilton Honors loyalty program.
• Owner-Operator Upside