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Atlanta & Southeast  + Southeast  + Hospitality  | 
Marcus & Millichap has facilitated the $4,495,000 sale of the 212-room Travelodge by Wyndham – New Orleans West

Marcus & Millichap Sells New Orleans Travelodge for $4.5M on Auction Platform

Marcus & Millichap has facilitated the $4,495,000 sale of the 212-room Travelodge by Wyndham – New Orleans West. 

“We are thrilled to have facilitated the sale of the Travelodge by Wyndham by leveraging the auction platform RI Marketplace,” said David Altman, first vice president, investments. “Our comprehensive marketing efforts generated significant interest, with nearly 10 registered bidders. This reflects the high level of demand and investor confidence in this great property and the hotel industry…the buyer plans to enhance the guest experience by investing over $1 million renovating this hotel.”

Altman, who had the exclusive listing to market the property for the seller, Hong Park of New York, collaborated with Adam Sklaver and Philip Kates of Marcus & Millichap’s commercial property auction division. Ronak Patel of Missouri purchased the hotel, which was built in 1971. Chris Shaheen, Marcus & Millichap’s Broker of Record in Louisiana, assisted with the closing.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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