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Hampton by Hilton Inn Covington 68700 Highway 190 Service Rd 72 Pièce Hôtel Covington, LA 70433 9 652 510 $ CAD (134 063 $ CAD/Pièce)

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FAITS SAILLANTS DE L'INVESTISSEMENT

  • Renovated Hotel. Minimal Transfer PIP.
  • Absentee Owner. Management Company Operated.
  • Revenue is up by 10% as of 08-31-25 compared to last year
  • Seller has spent Significant Capex Improvements including the New Hampton Inn Exterior on the Building
  • Institutional Grade Cash Flow hotel

RÉSUMÉ DE L'ANNONCE

Rooms: 72
Interior Corridor
Year Built: 2001
Lot Size: 1.6 acres
3 Stories
Hotel is located Right Off Interstate I-12 and US-190
Close to all demand generators
Bank Financing Available
Renovated Hotel
Minimal Transfer PIP
Renovated Hotel
Seller has spent Significant Capex Improvements including the New Hampton Inn Exterior on the Building
Absentee Owner. Management Company Operated.
Institutional Grade Cash Flow hotel
Revenue is up by 10% as of 08-31-25 compared to last year
Hampton Inn - Covington - LA is located right off Interstate I-12 and US-190 on the Northshore, four miles from downtown Covington. It is 6 miles from the UCM Museum and 7 miles from Fairview-Riverside State Park. Mandeville is just seven miles away and the Louis Armstrong New Orleans International Airport is 39 miles from the hotel.
Attractions:
Pelican Park - 9.8 miles
Audubon Zoo - 33 miles
Abita Brewery - 6 miles
Castine Center - 8 miles
City Center - 8 miles
Downtown Historical Covington - 1.5 miles
Tulane University Research Center - 6.4 miles
Aquarium of the Americas - 34 - miles
Location Highlights:
1. Downtown Covington: The hotel is near downtown Covington (4 miles), which offers a range of restaurants, boutiques, and art galleries to explore. It is known for its quaint and historic feel.
2. Bogue Falaya Park: This park is a popular spot for picnics and relaxation, situated along the Bogue Falaya River (4.3 miles). It's a lovely place for a stroll and has a playground for children.
3. Abita Springs: Just a short drive away, the town of Abita Springs (5.4 miles) is famous for the Abita Brewery. The guest can take a tour of the brewery and sample local beers.
4. Northlake Nature Center: This nature center is nearby and provides hiking trails, wildlife viewing, and a chance to explore the local wetlands and ecosystems.
5. Mandeville Lakefront: Located just across the lake from Covington, Mandeville offers a scenic lakefront area with walking paths, a harbor, and beautiful views of Lake Pontchartrain.
6. Abita Mystery House: Also known as the UCM Museum (5.5 miles), this quirky and eclectic museum in Abita Springs is filled with bizarre and unusual artifacts.
7. Tchefuncte River: The Tchefuncte River (14.3 miles) is a great spot for boating, fishing, and water recreation, and it's not far from Covington.
8. Fontainebleau State Park: This state park, located on the shores of Lake Pontchartrain (16.7 miles), offers hiking trails, a beach, and a historic sugar mill.
9. St. Tammany Trace: This 31-mile-long trail for walking, running, and cycling is built on a former railway line and passes through Covington, offering outdoor recreational opportunities.
Covington, Louisiana, is experiencing significant growth, with a number of new developments that could drive hotel sales.
Economic and Industrial Development
Laborde Products: This diesel engine distributor is expanding its operations by establishing a new $5.8 million center at its headquarters in Covington. This project, announced in October 2024, is part of a larger trend of industrial growth in the area.
Wainer Companies Developments: Wainer Companies is actively developing a large corridor in St. Tammany Parish. Their projects include: -Nord du Lac West: This 200-acre development is located in a fast-growing corridor and is already home to a Costco and a Mercedes-Benz dealership.
-Vieux Carre: A new 200-acre mixed-use development planned for Bootlegger Road. It will feature commercial spaces with prime road frontage and a residential subdivision with various lot sizes and green spaces.
Pelican Energy: The company is expanding and relocating its office to a new building in Covington, a move that could bring more business visitors to the area.
New Indoor Training Facility: A new premier indoor training facility is planned for Covington, which will likely attract athletes, teams, and families for various sporting events and camps, increasing the need for local accommodations.
Residential and Commercial Development
New Construction Homes: There is a significant increase in new home construction across Covington, with new subdivisions and individual homes being built. Companies like DSLD Homes are building communities such as Alexander Ridge. This residential growth contributes to the overall population and economic activity of the city.
Covington Commons: This is a large-scale commercial site development project. While specific tenants and timelines are not yet publicly detailed, the development is located on SE 276th Street and is expected to attract new businesses and retail options to the area.
"Family-Focused Venues" at Former Rouses Market: The redevelopment of a former Rouses Market next to Home Depot at 50 Park Place is nearing completion. This project aims to bring new, family-oriented venues to the area, which could attract leisure travelers and families.
Infrastructure and Community Projects
Road Construction and Resurfacing: The City of Covington and the Louisiana Department of Transportation and Development (DOTD) have ongoing infrastructure projects. A recent $1.1 million resurfacing project on US 190B (W. 21st Ave.) improved a key roadway near the hotel, and other projects, such as the Downtown Overlays Phase 1, are focused on drainage and street improvements. These projects, while causing temporary delays, improve accessibility and the overall quality of the city's infrastructure.
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FAITS SUR LA PROPRIÉTÉ

Prix 9 652 510 $ CAD
Prix par chambre 134 063 $ CAD
Type de vente Investissement
Type de propriété Services hôteliers
Sous-type de propriété Hôtel
Classe d’immeuble B
Taille du lot 1,60 AC
Taille du bâtiment 31 806 pi²
Nombre de pièces 72
Nombre d’étages 2
Année de construction/rénovation 2001/2018
Ratio de stationnement 1,04/1 000 pi²
Corridor Intérieur
Zonage C - Commerciale

COMMODITÉS

  • Centre de conditionnement physique
  • Piscine
  • Accès Internet à haute vitesse
  • Patio
  • Espaces de réunion
  • Accès Wi-Fi public
  • Sans fumée
  • Clé numérique

PIÈCE RENSEIGNEMENTS SUR LE MÉLANGE

DESCRIPTION NOMBRE DE PIÈCES TAUX QUOTIDIEN pi²
Guest Room 72 155,82 $ CAD -

Impôts fonciers

Impôts fonciers

Numéro de lot
30517
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
678 500 $ CAD
Évaluation totale
678 500 $ CAD
  • ID d’inscription: 37412358

  • Date de mise sur le marché: 2025-08-25

  • Dernière mise à jour:

  • Adresse: 68700 Highway 190 Service Rd, Covington, LA 70433

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