Marcus & Millichap Inc.
12/30/2025 | Press release | Distributed by Public on 12/31/2025 13:39
Marcus & Millichap Brokers Sale of Comfort Inn Near New Orleans Airport
Press Releases
Marcus & Millichap Brokers Sale of Comfort Inn Near New Orleans Airport
December 30, 2025
LinkedIn Email App
SAINT ROSE, La., Dec. 30, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the Comfort Inn New Orleans Airport, a 68-room hotel located in Saint Rose, Louisiana.
"The marketing process generated strong interest, resulting in six competitive offers," said David Altman, Managing Director Investments. "While several local buyers pursued the opportunity, the eventual purchaser was a group of out-of-state investors from Indiana, underscoring the broader appeal of this asset and the depth of demand for well-located airport hotels."
David Altman and Jeff Halavacs, in association with Steve Greer, Marcus & Millichap's broker of record in Louisiana, represented the seller, Siddiqui Enterprises LLC, and procured the buyer, NOLA Airport Hospitality LLC.
"The buyer identified a clear opportunity to create additional value through a renovation and a change in management," said Jeff Halavacs, Associate Investments. "With strong underlying demand from the airport and surrounding industrial corridor, the asset offers meaningful upside beyond its in-place performance."
Built in 2010, the three-story Comfort Inn is located at 10151 W. Airline Highway, five miles from Louis Armstrong New Orleans International Airport. The hotel's amenities include an airport shuttle, complimentary breakfast, fitness center, business center and meeting facilities. The property is situated near James Business Park and Magnolia Movie Studios, with additional demand driven by nearby industrial and logistics employers.
"The marketing process generated strong interest, resulting in six competitive offers," said David Altman, Managing Director Investments. "While several local buyers pursued the opportunity, the eventual purchaser was a group of out-of-state investors from Indiana, underscoring the broader appeal of this asset and the depth of demand for well-located airport hotels."
David Altman and Jeff Halavacs, in association with Steve Greer, Marcus & Millichap's broker of record in Louisiana, represented the seller, Siddiqui Enterprises LLC, and procured the buyer, NOLA Airport Hospitality LLC.
"The buyer identified a clear opportunity to create additional value through a renovation and a change in management," said Jeff Halavacs, Associate Investments. "With strong underlying demand from the airport and surrounding industrial corridor, the asset offers meaningful upside beyond its in-place performance."
Built in 2010, the three-story Comfort Inn is located at 10151 W. Airline Highway, five miles from Louis Armstrong New Orleans International Airport. The hotel's amenities include an airport shuttle, complimentary breakfast, fitness center, business center and meeting facilities. The property is situated near James Business Park and Magnolia Movie Studios, with additional demand driven by nearby industrial and logistics employers.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on December 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on December 31, 2025 at 19:39 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]