HVS Brokerage & Advisory, in cooperation with Eric Vincent Guerrero, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 130-key Marina Inn & Suites Chalmette-New Orleans , a limited-service hotel asset in Chalmette, Louisiana. Chalmette and the greater New Orleans market benefit from a strong tourism industry. The hotel is currently owner-operated and will be sold without management encumbrances; moreover, it has strong in-place cash flow, having achieved a 65.0% gross operational profit (GOP) margin in 2022.
Strong-Performing Asset
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The hotel has performed well given the property’s current condition and location, as well as its facilities and amenities, relative to comparable economy hotels in the submarket. Per the STR Trend Report, the hotel achieved a 97.4% RevPAR penetration index in 2022.
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The hotel’s revenue reached $2,491,761 in calendar 2022.
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Based on the pricing guidance, the asset is attractively priced at a 1.71 room revenue multiplier (RRM) for calendar 2022, which was a peak year of performance. Based on the first year’s forecast, reflecting the hotel’s typical performance, the pricing remains attractive at a 3.19 RRM.
Discount to Replacement Cost
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The property is available at a discount, compared to its replacement cost, at $32,692 per room, presenting a cost-effective investment opportunity.
Exterior-Corridor Guestrooms
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This two-story property has 130 exterior-corridor guestrooms.
Excellent Location Among Strong Corporate & Leisure Demand Generators
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The property is conveniently located along State Highway 47 and within ten miles of New Orleans’ most popular tourist attractions, such as the French Quarter District, Jackson Square, St. Louis Cathedral, and Bourbon Street.
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The property is located a short 25-minute drive from Downtown New Orleans.
For inquiries please visit here to execute the Confidentiality Agreement.