Wyndham New Orleans 121 Royal St
24 Room Hotel New Orleans, LA 70130 $6,850,000 ($285,417/Room)
Investment Highlights
- Great Investment Opportunity!
- Located near Canal Street and Historical Monuments 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. A new 98-key / 203 bedroom hotel proposal by architect Walter Antin with advanced pre-development & design, entitlement processes, and underwriting coordination with a major hotel flag, is available to qualified parties with an executed NDA. The opportunity zone investment allows for tax-free growth along with strong projected cashflow at an estimated ~20% debt yield.
Property Facts
Price | $6,850,000 |
Price Per Room | $285,417 |
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 0.15 AC |
Construction Status | Under Renovation |
Building Size | 12,490 SF |
No. Rooms | 24 |
No. Stories | 5 |
Year Built/Renovated | 1892/2025 |
Corridor | Interior |
Opportunity Zone |
Yes |
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 | $180.00 | - |
1 of 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 |
zoning
Zoning Code | CBD-2 (Central Business District) |