La Quinta Inn by Wyndham New Orleans Causeway

Hospitality for Sale
Catylist Listing ID: 30816651
Property Subtypes: Inn
Number of Units: 101 Units
Building Size (RSF): 40,000 SF
Gross Building Area: See Agent
Gross Land Area: 3 Acres
Sale Price: $5,000,000
Unit Price: $49,504.95 Per Unit
Property Use Type: Investment
Building Name: La Quinta Inn by Wyndham New Orleans Causeway
Franchised Business: Yes
Franchise Parent Name: Wyndham
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

This 101 key hotel situated at one of the busiest intersections in Metairie doesn't take much imagination to see how this legacy hotel could really shine with a bit of polish. Despite being under managed, this property has a strong ADR and could be brought back to its former glory easily.

At 3 acres, this property has more than enough space for pretty much any use - it would be a particularly easy redevelopment into apartments/large-scale residential, or even a nursing home.

- 101 keys in total
- Leased Restaurant On Site through 2025
- Pool
- Breakfast area
- Guest Laundry
- Relationship with Wyndham can be terminated upon request

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: 39869
Area Description: Located in Metairie, LA just west of New Orleans off I-10 and nine miles from Louis Armstrong New Orleans International Airport (MSY).
Total Number of Buildings: 1
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,601 153,359 348,724
Median Age: 41.67 40.31 39.02
Households: 11,840 68,332 149,950

Contact

Photograph of Listing Agent

Julie Green

Metairie, LA
LACDB Member
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