Business for Sale in New Orleans, LA

  • Price: $7M
  • Listing type: For sale
  • Asset type: Business
  • Location: New Orleans, LA 70128
  • Size: 54,177 SF
  • Year built: 1996

Description

6-9-25: PRICING NOW PUBLISHED! The Kohler Team at KW Commercial are pleased to present the 141 Room Trident Inn & Suites New Orleans, a fully renovated asset, midstabilization, 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. The hotel has a consistent 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. Building SF: 54177 | Land Size: 2.75 Ac | Year Built: 1996 | Listing Type: FOR SALE

Market Context

This other in New Orleans, LA is listed for sale at $6,950,000 across 54,177 SF ($128/SF). The building dates to 1996. It has been on the market for 39 days. Compare it against other other listings for sale in New Orleans, LA — <a href="/search/sale/other/louisiana/new-orleans">view the full market</a>.

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