1225 SAINT CHARLES AVE New Orleans LA 70130-4333

The Quisby is an operating 30-room hostel/hotel hybrid with 24-hour full bar in the ground floor lobby catering to millennials and international travelers. Fully renovated in 2017, the three-story, 11,750-sf property is located along St. Charles Avenue near the Lower Garden District, Uptown New Orleans, and the Warehouse District. This nearly mile-long area is undergoing a revitalization, with recent projects including a new development at 1600 St. Charles Avenue, the renovation of the former Hancock Whitney bank into the new headquarters for Baptist Community Ministries, condo and mixed use developments such as the site of the former Brown’s Dairy, and new restaurants.

Built in 1924 as The Audubon Hotel, this property has long been a part of the New Orleans hospitality scene. It is unencumbered by brand or management. Located along the historic St. Charles streetcar line, the building affords convenient access to popular tourist attractions, such as museums, renowned restaurants, and the French Quarter.

The sale comes with in-place hotel license and liquor license. The property is subject to a long-term ground lease with a current rate of $34,000 per year. This offering provides an opportunity for an experienced hospitality manager to acquire lodging in a prime location significantly below replacement cost.

• Amazing location on St. Charles

• Established business

• Beautiful historic building

• Great visibility

• Hotel license and liquor license in place

• Within walking distance to various sites