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Historic Royal Cosmopolitan Hotel Property
Historic Royal Cosmopolitan Hotel Property

New Orleans, LA

Sealed Bid Auction! Historic Royal Cosmopolitan Hotel Property 121 Royal St., French Quarter, New Orleans, LA 70130 Tuesday, September 11th - Perfect for Hotel, Restaurant, Condos & Event Facility - 5 1/2 Story Historic Hotel Circa 1892 - One of the last French Quarter Hotel Sites - Recent Zoning for 13 Story Tower - Plan for 98+ Rooms - State & Federal Tax Credits - 1 Block off Bourbon & 1/2 Block off Canal Street - 2017 New Orleans Visitors 17.74 million (NOCVB) - New International Airport Complete in 2019 The original building was constructed in 1892 as the Cosmopolitan Hotel and later becoming the Astor Hotel in 1925. The original hotel extended from Royal Street to Bourbon Street. The current building is located on Royal Street and extends 160 towards Bourbon Street and is 44 feet wide with an offset in the rear. The original building is a five-story masonry building with a rear cast iron facade which is in good repair. The rear ballroom portion of the building has collapsed over the years, however, many of the decorative structural elements have been preserved and will be used in the reconstruction. The historic front building has been nominated for the National Register and will be restored back to the original condition both inside and out. This portion of the construction is eligible for both State and Federal Historic Tax Credits. In cooperation with SVN Interstate Auction SVN Gilmore Auction & Realty Co. D. Gilmore | LA Lic# 447 Francis Braud, Broker 504.468.6800 www.121RoyalAuction.com All SVN Offices Independently Owned and Operated

55 Room franchised all suites motel for sale
$6,000,000Seller Financing
55 Room franchised all suites motel for sale

Harvey, LA

This is a 4 story 55 room all suites motel doing between 1.3 M and 1.4 Million. The motel is only 4 years old and just recently completed a new PIP. Asking price is 6.00 Million and there is an assumable loan in place. Principals Onlt Please call Gill at 678 457 7611.

Historic Motel Business For Sale in Louisiana
$650,000Cash Flow: $48,000Seller Financing
Historic Motel Business For Sale in Louisiana

LA

This historic motel business for sale is Located in central Louisiana has been fully remodeled and is in good condition. Motel has been in operation for over many decades! Motel has a 2 bedroom living quarters for the owners to live in and operate the business from. Business has 22 rooms and is located on the main drag of the city. City is home to a major university and serving as a commerce center for the surrounding area. City is a great place to live and raise a family. There is plenty of affordable housing many y with large or acreage lots. Crime is very low and the air is very clean. Outdoor recreational opportunities like hunting, fishing, hiking, bicycling, camping abound. It is just a short drive down the interstate to a major metropolitan city with all the amenities. Motel has several long term tenants that stay and pay monthly. Business is currently run absentee but could be even more profitable with an owner operator. Owner has decided to sell to pursue other business interests. Seller will help train new owner on this easy to own and operate business. Owner will consider some seller financing for a qualified buyer with a reasonable down payment. Contact us today for more information on this historic motel business for sale, meet the owner, see the newly renovated building and be impressed, make offer! Agent is sponsored through Sunbelt Business Brokers of Baton Rouge, sponsoring broker Brandon Bourgeois, telephone number 225-201-0202. Please contract agent directly for more information


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