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Wyndham New Orleans 121 Royal St 24 Room Hotel New Orleans, LA 70130 $4,875,000 ($203,125/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 | $4,875,000 | Construction Status | Under Renovation |
| Price Per Room | $203,125 | 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 | $4,875,000 |
| Price Per Room | $203,125 |
| 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 | $183.00 | - |
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 | $68,850 |
| Land Assessment | $45,100 | Total Assessment | $113,950 |
Property Taxes
Parcel Number
2-06-1-030-21
Land Assessment
$45,100
Improvements Assessment
$68,850
Total Assessment
$113,950
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Wyndham New Orleans | 121 Royal St
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