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68073 Highway 59
Mandeville, LA 70471

Comfort Suites Mandeville - Covington · Hospitality Property For Sale · 31,783 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.74 AC
Building Size 31,783 SF
No. Stories 4
Year Built 2012
Parking Ratio 3.15/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

About 68073 Highway 59 , Mandeville, LA 70471

Premium Interstate Location. New 2012 Built ,All Suites Hotel . Excellent Location .Beautiful Institutional Grade ,Easy To Manage Conveniently located right off the Interstate.Upscale Location.Offered well below replacement cost .Absentee Owner & Management operated. Comfort Suites - Mandeville/Covington conveniently located right off Interstate 12. Minutes away from the St. Tammany Parish Headquarters and Mandeville Sports Complex. Overview of Comfort Suites Mandeville- Covington LA Highlights: The Comfort Suites Mandeville will continue its success in 2019 for several reasons. The first year of the new Lanyon RFP system has provided a stable base of national business, from the top producers in the region. Businesses cases submitted to the Choice Corporate Key Account Directors have resulted in inclusion in programs in the best producing accounts in the area. New development along Hwy 59 and growing events at Pelican Park in Mandeville will continue to grow. -Highway 59 has several business parks that feature many large businesses that have set both local and national accounts up with, including Nolan Power and Wolff Harris. Also, the only hotel in Mandeville and is the closest hotel to the huge Pelican Park recreation district which hosts dozens of events per year, both amateur sport events and trade shows that require vendors to stay overnight to participate in multi-day events. -New accounts like local film production companies have resulted in two different five-digit revenue accounts from new Clients that stay longer and are more professional guests. -Walmart Regional Office -The Comfort Suites Mandeville property features a good balance of transient traffic as well as popular with local and national corporations. With more hands on Management and Property Improvement with existing base of corporate clients and balanced business coming from different sources like key national accounts, local negotiated accounts & online travel agencies which shall result in even higher average daily rates in 2019.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
54581
Land Assessment
$49,789
Improvements Assessment
$454,604
Total Assessment
$504,393

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 16575303

  • Date on Market: 7/10/2019

  • Last Updated:

  • Address: 68073 Highway 59, Mandeville, LA 70471

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