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Country Inn & Suites By Radisson Covington 130 Holiday Blvd 70 Room Hotel Covington, LA 70433 $7,895,325 CAD ($112,790 CAD/Room)
Investment Highlights
- First-Time Sale – Original Ownership
- Strategic location within 1–1.5 hours of New Orleans, Baton Rouge, and the Gulf Coast
- Estimated PIP: ~$500,000. A new buyer should receive a minimum of a 15 year license with Choice hotels
Executive Summary
The Country Inn & Suites in Covington, Louisiana is a rare opportunity to acquire a first-generation asset that has never been sold. Built and owned by the original developer, the property offers immediate upside through improved operations and a targeted renovation plan.
With current performance below market levels, this asset is well-positioned for investors seeking yield and operational upside in a growing Northshore submarket.
Investment Highlights
• First-Time Sale – Original Ownership
• 70-Key Select-Service Hotel
• Estimated PIP: ~$500,000 (~$7.2K/Key)
• Below-Market Performance with Upside
• New 15–20 Year License Expected with Choice
• SBA Financing Available
• Located in Growing Northshore Submarket
With current performance below market levels, this asset is well-positioned for investors seeking yield and operational upside in a growing Northshore submarket.
Investment Highlights
• First-Time Sale – Original Ownership
• 70-Key Select-Service Hotel
• Estimated PIP: ~$500,000 (~$7.2K/Key)
• Below-Market Performance with Upside
• New 15–20 Year License Expected with Choice
• SBA Financing Available
• Located in Growing Northshore Submarket
Data Room Click Here to Access
Property Facts
| Price | $7,895,325 CAD | Building Size | 37,942 SF |
| Price Per Room | $112,790 CAD | No. Rooms | 70 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2009 |
| Property Subtype | Hotel | Parking Ratio | 1.5/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.10 AC | ||
| Zoning | C-2 - General Commercial District | ||
| Price | $7,895,325 CAD |
| Price Per Room | $112,790 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 37,942 SF |
| No. Rooms | 70 |
| No. Stories | 3 |
| Year Built | 2009 |
| Parking Ratio | 1.5/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 - General Commercial District |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 17 | $164.77 CAD | - |
| Guest Room | 53 | $133.19 CAD | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27005 | Improvements Assessment | $700,908 CAD |
| Land Assessment | $0 CAD | Total Assessment | $700,908 CAD |
Property Taxes
Parcel Number
27005
Land Assessment
$0 CAD
Improvements Assessment
$700,908 CAD
Total Assessment
$700,908 CAD
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Country Inn & Suites By Radisson Covington | 130 Holiday Blvd
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