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The Quisby 1225 St. Charles ave 30 Room Hostel New Orleans, LA 70130 $3,083,212 CAD ($102,774 CAD/Room)
Investment Highlights
- Hotel license with accessory bar license
- FF&E refreshed in 2024
- High-speed wifi and luggage storage
- Substantially renovated in 2017 (electrical, mechanical, and plumbing systems fully replaced)
- Along St. Charles Ave (streetcar line, Mardi Gras)
Executive Summary
The Quisby is an operating 30-room hotel with a full bar in the ground floor lobby catering to millennials and international travelers. Fully renovated in 2017 and updated in 2024, the three-story, 11,750-sf property is located along St. Charles Avenue near the Lower Garden District, Uptown New Orleans, and the Warehouse District. Two nearby hotel developments, 1304 St. Charles and the Warbler Hotel, are currently under construction, with the Warbler Hotel development costing over $500,000 per key.
Built in 1924 as The Audubon Hotel, this property has long been a part of the New Orleans hospitality scene. It is unencumbered by brand or management. Located along the historic St. Charles streetcar line, the building affords convenient access to popular tourist attractions, such as museums, renowned restaurants, and the French Quarter.
The sale comes with in-place hotel license and liquor license. The property is subject to a long-term ground lease with a current rate of $34,000 per year. This lease term runs through 2074 plus two options to extend for 10 years each. This offering provides an opportunity for an experienced hospitality manager to acquire lodging in a prime location significantly below replacement cost.
Built in 1924 as The Audubon Hotel, this property has long been a part of the New Orleans hospitality scene. It is unencumbered by brand or management. Located along the historic St. Charles streetcar line, the building affords convenient access to popular tourist attractions, such as museums, renowned restaurants, and the French Quarter.
The sale comes with in-place hotel license and liquor license. The property is subject to a long-term ground lease with a current rate of $34,000 per year. This lease term runs through 2074 plus two options to extend for 10 years each. This offering provides an opportunity for an experienced hospitality manager to acquire lodging in a prime location significantly below replacement cost.
Property Facts
| Price | $3,083,212 CAD | Lot Size | 0.11 AC |
| Price Per Room | $102,774 CAD | Building Size | 15,728 SF |
| Sale Type | Investment | No. Rooms | 30 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hostel | Year Built/Renovated | 1924/2017 |
| Building Class | C | Corridor | Interior |
| Zoning | HU-MU | ||
| Price | $3,083,212 CAD |
| Price Per Room | $102,774 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hostel |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 15,728 SF |
| No. Rooms | 30 |
| No. Stories | 3 |
| Year Built/Renovated | 1924/2017 |
| Corridor | Interior |
| Zoning | HU-MU |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 30 | $43.45 CAD | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1-02-1-051-02 | Improvements Assessment | $389,228 CAD |
| Land Assessment | $34,826 CAD | Total Assessment | $424,054 CAD |
Property Taxes
Parcel Number
1-02-1-051-02
Land Assessment
$34,826 CAD
Improvements Assessment
$389,228 CAD
Total Assessment
$424,054 CAD
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The Quisby | 1225 St. Charles ave
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