Marketplace
Diligence open
Holiday Inn Express New Orleans - Arts District
New Orleans, LouisianaSelect-service hotelDiligence open — offers reviewed weekly
- Price guidance
- $19.9M guidance
- Keys
- 151
- TTM revenue
- $5.4M
- NOI
- $1.8M
- Occupancy
- 70%
- ADR
- $125
- RevPAR
- $88
- Cap rate
- 8.9%
Public summary
151-key Holiday Inn Express hotel in New Orleans, LA. Upper-midscale select-service asset with branded distribution and New Orleans, Louisiana demand drivers.
- Holiday Inn Express flag with national reservation distribution
- Upper-midscale select-service operating model in the New Orleans market
- 151 keys with in-place cash flow and brand-standard condition
Seller
Hotel owner, developer, and operator headquartered in Iowa, with properties across Hilton, Marriott, IHG, Choice, and other brand families in markets nationwide.
- Company
- Hawkeye Hotels
- Headquarters
- Coralville, Iowa
- Deal room
- Seller approval required
- Process
- Offers accepted online
Asset and market overview
Location
New Orleans, Louisiana draws corporate, leisure, and event demand that supports the Holiday Inn Express flag.
Asset
Select-service hotel operating under the Holiday Inn Express brand, offered as an individual asset.
Upside
- Revenue management optimization
- Expense benchmarking against comp set
- Negotiated corporate account growth
Property facts
- Year built
- —
- Last renovated
- —
- Brand class
- Upper-midscale select-service
- Brand family
- IHG
- Keys
- 151
- Address
- New Orleans, Louisiana — full address shared with approved buyers