Marcus & Millichap Brokers Sale of Comfort Inn New Orleans Airport South
SAINT ROSE, Louisiana—Marcus & Millichap presented the sale of the Comfort Inn New Orleans Airport South, a 68-room hotel in Saint Rose, Louisiana.
“The advertising path of generated great interest, ensuing in six aggressive provides,” said David Altman, managing director, Investments. “Whereas a whole lot of native customers pursued the opportunity, the eventual purchaser used to be a neighborhood of out-of-enlighten customers from Indiana, underscoring the broader charm of this asset and the depth of quiz for smartly-positioned airport accommodations.”
David Altman and Jeff Halavacs, in affiliation with Steve Greer, Marcus & Millichap’s broker of report in Louisiana, represented the seller, Siddiqui Enterprises LLC, and procured the patron, NOLA Airport Hospitality LLC.
“The buyer identified a transparent opportunity to originate extra sign through a renovation and a switch in management,” said Jeff Halavacs, funding affiliate. “With great underlying quiz from the airport and surrounding industrial hall, the asset provides predominant upside beyond its in-enlighten performance.”
In-constructed 2010, the three-story Comfort Inn is 5 miles from Louis Armstrong New Orleans Global Airport. The hotel’s providers consist of an airport shuttle, complimentary breakfast, gymnasium, industry center, and assembly providers. The property is located discontinuance to James Alternate Park and Magnolia Movie Studios, with extra quiz pushed by discontinuance by industrial and logistics employers.
