1630 CANAL STREET, New Orleans, LA, 70112 - Available for Sale

Hotel & Motel For Sale

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216RM HOTEL DIRECTLY ADJACENT TO LSU/UMC HOSPITALS

1630 CANAL STREET, New Orleans, LA 70112

$7,900,000

216 Rooms | Hotel & Motel

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Hotel / Motel For Sale

Price:
$7,900,000
No. Rooms:
216
Building Size:
108,000 SF
Price/Room:
$36,574.07
Property Type:
Hotel & Motel
Property Sub-type:
Economy/Limited Service
Property Use Type:
Vacant/Owner-User
Commission Split:
2.5%
No. Stories:
7
Lot Size:
0.81 AC
Listing ID
17673749
Last Updated
8 days ago

Find Out More...

Highlights

  • Swimming Pool
  • Restaurant
  • 3 Bars
  • 128+ Interior Parking Garage
  • Streetcar Access
  • Interstate Visibility

Description

This hotel with 216 rooms, 108,000 SF, restaurant, 2 bars, 3 kitchens, swimming pool and an interior parking garage that parks approximately 128 cars. This hotel is directly adjacent to the $2 billion hospital projects comprising of a new Veteran Affairs hospital and new Louisiana State University/University Medical Center hospital.This property can be converted to assisted living or medical mixed use. Hotel has a restaurant and bar both with entrances from Canal Street. Property also features an attached parking garage with parking for 125+; Outdoor pool with bar and vending area; 2 Conference Halls with preparation kitchen and bar; Lobby with seating area for guests; Private offices for staff, and a laundry facility.

Property would be perfect for hotel redevelopment or condominium conversion.

This hotel is located in the Central Business District in the heart of New Orleans, Louisiana. Walking distance to the French Quarter & Bourbon Street ; 1 mile from the Superdome; Walking distance to the River Walk, Harrah's Casino, Jackson Square, Tulane Hospital. The Streetcar is assessable from the front of the hotel. This hotel is on all parade routes for Mardi Gras and all other Festivals.

The Hotel is the closest hotel to the 70+ Acre site for the new Veterans Medical Complex and Hospital, LSU hospital, along with the Greater New Orleans Biosciences Economic Development district. VA hospital has already broken ground. LSU and The U.S Department of Veterans Affairs plan to spend a combined $2 BILLION on their new hospitals.

Map of 1630 CANAL STREET, New Orleans, LA 70112 (Orleans County)

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MATTHEW GALOFARO
MATTHEW GALOFARO

Commercial Real Estate Specialist

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216RM HOTEL DIRECTLY ADJACENT TO LSU/UMC HOSPITALS
  • Hotel & Motel
  • $7,900,000
  • 216 Rooms
  • 108,000 SF