Property Overview
The fully remodeled Motel 6 New Orleans/Slidell, located 30 miles from famous Bourbon Street, is a two-story, exterior corridor 153-room hotel. The entire PIP was completed the end of 2022.
The hotel is attractively priced at less than $35,000 per room and 4.5 times room revenue. Significant upside revenue potential can be obtained by strong revenue management as the hotel is significantly underperforming its' comp set in both occupancy and ADR due to recent PIP renovations. Boosting RevPAR to at least 75% of the Comp Set would increase revenue to over $1.9 million.
Motel 6 enjoys excellent interstate visibility and is conveniently located in the southwest corner of Highway 190 and Interstate 10 among numerous shopping, restaurant and entertainment venues.
The hotel is located within 2 miles of two of the area’s largest employers, the Ochsner Medical Center – North Shore and Slidell Memorial Hospital. Other major attractions within 10 miles of the hotel include Big Branch Marsh National Wildlife Refuse, Pearl River Wildlife Management Area, Honey Island Swamp and Lake Pontchartrain.
Property Highlights
| Asking Price | $5,300,000 |
| Location | SW corner of Highway 190 and Interstate-10 |
| Property Description | Limited Service |
| Number of Rooms | 153 |
| Major Source of Business | Medical, Corporate, Casino, Retail, Tourism & Manufacturing |
| Site Size | +/- 2.61 acres |
| Year Built |
1983 |
| Last Year Renovated |
2022 |
| Common Area Amenities | Breakfast Area, Outdoor Pool, Guest Laundry & Free Wi-Fi |