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Wyndham New Orleans 121 Royal St 24 Room Hotel New Orleans, LA 70130 $6,576,034 CAD ($274,001 CAD/Room)
Investment Highlights
- Qualified Opportunity Zone in the French Quarter of New Orleans
Executive Summary
121 Royal is a 6,443 square foot development site located within a Qualified Opportunity Zone in the French Quarter of New Orleans. The property contains a 3,378 square foot clear vertical development site, and an 18,000+ square foot historic hotel building. Despite the enviable French Quarter location, the property enjoys permissive CBD-2 zoning that allows 12-stories / 120 foot massing, as well as hotel use as of right.
Permitted hotel site. Almost a $2,000,000 price reduction on purchase price. Strong hotel re-development platform with use of historic tax credits and opportunity zone benefits. Significant and impactful changes and developments in immediate neighborhood. Contact Broker for details.
Plans and full deal room available upon request.
Permitted hotel site. Almost a $2,000,000 price reduction on purchase price. Strong hotel re-development platform with use of historic tax credits and opportunity zone benefits. Significant and impactful changes and developments in immediate neighborhood. Contact Broker for details.
Plans and full deal room available upon request.
Property Facts
| Price | $6,576,034 CAD | Construction Status | Under Renovation |
| Price Per Room | $274,001 CAD | Building Size | 18,749 SF |
| Sale Type | Investment | No. Rooms | 24 |
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1892/2029 |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.15 AC | Opportunity Zone |
Yes
|
| Zoning | CBD-2 - Central Business District | ||
| Price | $6,576,034 CAD |
| Price Per Room | $274,001 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.15 AC |
| Construction Status | Under Renovation |
| Building Size | 18,749 SF |
| No. Rooms | 24 |
| No. Stories | 5 |
| Year Built/Renovated | 1892/2029 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | CBD-2 - Central Business District |
Amenities
- Fitness Center
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 24 | $246.85 CAD | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (85)
Bike Score®
Biker's Paradise (90)
Property Taxes
| Parcel Number | 2-06-1-030-21 | Improvements Assessment | $92,874 CAD |
| Land Assessment | $60,837 CAD | Total Assessment | $153,711 CAD |
Property Taxes
Parcel Number
2-06-1-030-21
Land Assessment
$60,837 CAD
Improvements Assessment
$92,874 CAD
Total Assessment
$153,711 CAD
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Wyndham New Orleans | 121 Royal St
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