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68700 Highway 190 Service Rd
Covington, LA 70433 Outlying St Tammany Parish

$7,000,000 USD

Hotel For Sale  •  49,969 SF

Property Details

  • Property Type Hotel
  • Total Building Size 49,969 SF
  • Lot Size 1.6 AC
  • Building Class B
  • Year Built 2001
  • Zoning C
20 Walk Score

Highlights

Minimal PIP - cosmetic ~2.7k/Key
Attractive 8.5%+ Cap Rate
Nearly 35% Bottom Line NOI
Newly Renovated in 2026
Nearly $120 ADR | Cash Flowing Asset from Day One
Dual-Corridor Location in the Affluent, High-Growth Northshore Market

Amenities

  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Digital key

Public Transportation

AirportDriveWalkDistance
Louis Armstrong New Orleans International 54 min - 39.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 77
Type: Surface
Included in Rent: Yes
Raiyan Rab 404-398-2090 NUMARIX
Raiyan Rab 404-398-2090 NUMARIX