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68700 U.s. 190 Service Road
Covington, LA 70433
Asking Price
$7.00M
Cap Rate
8.65%
Asset Type
Hotel Hospitality
Class
Class B
What's Special
Profitable Forever Young PIP Complete Hampton Inn in New Orleans, LA <h1>Key Features</h1><ul><li><strong>Premier Hilton Flag | Forever Young PIP Completed (2026)</strong></li><li><strong>New Buyer will receive a 10YR Hilton Brand License upon asset purchase</strong></li><li><strong>Dual-Corridor Location in the Affluent, High-Growth Northshore Market - </strong>Direct access to U.S. 190 and Interstate 12</li><li><strong>Healthy In-Place Cash Flow - </strong>Stabilized T-12 NOI of $676,365 ($622,835 after management and fees) with an 8.65% cap rate after PIP
Free Valuation Calculator
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NOI
$80,000
Cap Rate
1.14%
DSCR
0.19
Underwater
Cash-on-Cash
-15.98%
Monthly Payment
$34,632.181
Annual Cash Flow
$-335,586.168
