Address: 121 Royal Street, New Orleans, LA, 70130
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. Price: $6,850,000
Site Size: 6,443 SF
GBA: 18,749 SF
Keys: 98 (Proposed)
Bedrooms: 203 (Proposed)
Zoning: CBD-2
For further information or to schedule a showing please contact Gordon McLeod 504-717-3648.
