Trident Inn & Suites - New Orleans

Highlights:

• Recently Renovated | Centrally Located
• 4 Stories | 141 Rooms | Interior Corridor | 2 Elevators
• Option to Keep as Independent or Up Brand to a Midscale Brand
• Multiple Demand Generators within 10 miles from the hotel: Universities | Tourism | Manufacturing | Distribution |Medical
• Managers Livings Quarters On Site
• Long Term Potential with Multiple Operating Strategies

Description:

NewGen Advisory is excited to introduce the 141-room Trident Inn & Suites New Orleans, a fully renovated property currently in the stabilization phase. This hotel is experiencing growing demand due to a rise in tourism and ongoing infrastructure projects that are bolstering the region’s tourism, manufacturing, distribution, and freight-based economy.

The hotel underwent a comprehensive renovation and was reflagged as a Quality Inn in the fourth quarter of 2017. In October 2019, it transitioned to an independent property. Recent upgrades include the replacement of all soft and hard goods, installation of new carpet and luxury vinyl flooring, marble countertops, and two brand-new hot water heaters.

Following its renovation in 2017, and a subsequent renovation in 2021, the property is ideal to continue to be ran as an independent or brand as a midscale flag with limited PIP.

Strategically located, the property is approximately 4 miles from the Port of New Orleans expansion, 12 miles from the French Quarter and Biomedical District 3 miles from NASA’s Michoud Assembly Facility (“America’s Rocket Factory”) 19 miles from a new multimodal container terminal (with a $1.5 billion total development cost and $97 million earmarked).


East New Orleans, a vibrant neighborhood in New Orleans, Louisiana, features a diverse economy fueled by its strategic location and key industries. The area’s economic landscape is bolstered by its proximity to major transportation hubs, including the Port of New Orleans, which drives significant demand in logistics and warehousing. Additionally, East New Orleans benefits from a range of local businesses, including retail and service sectors that cater to the community's needs. The neighborhood's economic development is also supported by various community and regional initiatives aimed at revitalizing the area, enhancing infrastructure, and attracting new investments. This blend of industrial and community-focused growth contributes to East New Orleans' ongoing economic vitality.