3400 I-10 Service RdMetairie, LA 70001

Property Details for 3400 I-10 Service Rd

Property size (Sq ft)

96,000 SF

Property type

Hospitality properties

Property subtype

Hotels

Description

This exceptional 193-key Ramada by Wyndham hotel in Metairie, Louisiana, presents a compelling investment opportunity. Located on a 2.75-acre lot at 3400 S I-10 Service Rd W, this four-story, 96,000-square-foot property underwent renovations in 2017. The hotel features an on-site 24-hour IHOP restaurant, providing a consistent revenue stream. Additional amenities include flexible meeting/banquet space accommodating up to 150 guests, a fitness center, a 24-hour business center, and a seasonal outdoor pool. Its strategic location in Metairie offers easy access to I-10 and Causeway Boulevard, placing it conveniently between the French Quarter and Louis Armstrong New Orleans International Airport, ensuring high occupancy rates due to its proximity to major attractions and transportation hubs. The asking price is $14,750,000, translating to $153.65 per square foot. The property is zoned BC-2, reflecting its suitability for hospitality use. This turnkey operation is ideal for investors seeking a profitable venture in the thriving Louisiana hospitality market. The property's size, amenities, and location combine to create a strong investment prospect with significant potential for return. This is a rare opportunity to acquire a well-established and profitable hotel in a high-demand area.

Location Insight

City

Metairie

County

Jefferson Parish

State

Louisiana

Latitude

29.9961

Longitude

-90.1589

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