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.

Attachments

121-Royal-1.9.25

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 -
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (85)
Bike Score®
Biker's Paradise (90)

PROPERTY TAXES

zoning

Zoning Code CBD-2 (Central Business District)
  • Listing ID: 34465039

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 121 Royal St, New Orleans, LA 70130