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India House Hostel 112 S Lopez St 9 Room Hostel New Orleans, LA 70119 $8,211,030 CAD ($912,337 CAD/Room) 12.45% Cap Rate
Investment Highlights
- High-traffic location ensures strong exposure!
Executive Summary
India House is a fully operated hostel
Turn-Key Licensed Hotel Great Investment Opportunity Established in 1990. India House is a fully operated hostel with 27 keys with Hotel business licence included with great income located half block from the streetcar line on Canal street. This prime asset, located a premier investment opportunity includes 6 front buildings and 2 back buildings, a large court yard with above ground pool, music stage, parking, and the New Orleans artsy spirit, for travelers seeking an authentic New Orleans experience ! This zoning designation supports a dynamic mix of uses, including residential and/or hotel, with retail and restaurant possibilities, making it a versatile development opportunity. This high-traffic location ensures strong exposure, his prime business opportunity at 112, 124, 126-28, 130-32,136-34,140-42 South Lopez st. For more information and a gallery of images, visit the hotel's website. The hotel website has more info and pictures.
Turn-Key Licensed Hotel Great Investment Opportunity Established in 1990. India House is a fully operated hostel with 27 keys with Hotel business licence included with great income located half block from the streetcar line on Canal street. This prime asset, located a premier investment opportunity includes 6 front buildings and 2 back buildings, a large court yard with above ground pool, music stage, parking, and the New Orleans artsy spirit, for travelers seeking an authentic New Orleans experience ! This zoning designation supports a dynamic mix of uses, including residential and/or hotel, with retail and restaurant possibilities, making it a versatile development opportunity. This high-traffic location ensures strong exposure, his prime business opportunity at 112, 124, 126-28, 130-32,136-34,140-42 South Lopez st. For more information and a gallery of images, visit the hotel's website. The hotel website has more info and pictures.
Property Facts
| Price | $8,211,030 CAD | Building Size | 29,238 SF |
| Price Per Room | $912,337 CAD | No. Rooms | 9 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 12.45% | Year Built | 1920 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hostel | Parking Ratio | 0.21/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.55 AC | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $8,211,030 CAD |
| Price Per Room | $912,337 CAD |
| Sale Type | Investment |
| Cap Rate | 12.45% |
| Property Type | Hospitality |
| Property Subtype | Hostel |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 29,238 SF |
| No. Rooms | 9 |
| No. Stories | 2 |
| Year Built | 1920 |
| Tenancy | Single |
| Parking Ratio | 0.21/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
Amenities
- Pool
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 9 | $100.20 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $349,887 CAD | |
| Land Assessment | $63,308 CAD | Total Assessment | $413,196 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$63,308 CAD
Improvements Assessment
$349,887 CAD
Total Assessment
$413,196 CAD
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India House Hostel | 112 S Lopez St
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