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12340 I-10 Service Rd
New Orleans, LA 70128

Trident Inn & Suites New Orleans · Hospitality Property For Sale · 54,177 SF

INVESTMENT HIGHLIGHTS

  • Interior Corridor with 2 elevators
  • Midscale Segmant with consistant Revevue & NOI
  • Well Maintained Property with Minimal Capital Exps
  • 141 Rooms, Renovated in 2017 & 2021
  • Owners/Managers @BHK Apartment on site
  • Experienced Management Team in Place.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.75 AC
Building Size 54,177 SF
No. Stories 4
Year Built/Renovated 1996/2007
Parking Ratio 2.95/1,000 SF
Corridor Interior

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • Meeting Event Space

ABOUT 12340 I-10 SERVICE RD , NEW ORLEANS, LA 70128

We are pleased to present the 141 Room Trident Inn & Suites New Orleans, a fully renovated asset, mid-stabilization, with increasing demand due to uptick in tourism and construction/ongoing operations of key infrastructure projects relating to the regions growing Tourism, manufacturing, distribution, and freight based economy. The Hotel underwent a full renovation and was flagged in the fourth quarter of 2017 as Quality Inn,In 2019 Oct It was converted to an Independent flagged property. Notable improvements include replacement of all soft and hard goods,Carpet/ luxury vinyl flooring, marble counter tops, brand new two hot water heater, etc. As a result of its recent flagging and renovation in 2017 followed by a second renovation in 2021, minimum expenses are needed to run the property. Hotel has a consistant Guest base and Average Revenue of $2.4 Million with a Net Operating Income of more than $ 1 Million since last two years. The property is located approximately 4 miles from Port of New Orleans expansion, 12 miles from The French Quarter and Biomedical district, 3 miles from NASA’s Michoud Assembly “America’s Rocket Factory”, and 19 miles from a new multimodal container terminal ($1.5 Billion TDC with $97 Million earmarked). Do not approach staff or disturb operations. Pre-scheduled tour only to prequalified parties.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3-9W-0-166-43
Land Assessment
$78,000
Improvements Assessment
$408,000
Total Assessment
$486,000

ZONING

Zoning Code 413
413
  • Listing ID: 29038508

  • Date on Market: 7/18/2023

  • Last Updated:

  • Address: 12340 I-10 Service Rd, New Orleans, LA 70128

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