1225 St Charles Ave

The Quisby is an operating 30-room hotel with a full bar in the ground floor lobby catering to millennials and international travelers. Fully renovated in 2017 and updated in 2024, 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. Two nearby hotel developments, 1304 St. Charles and the Warbler Hotel, are currently under construction, with the Warbler Hotel development costing over $500,000 per key.

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 lease term runs through 2074 plus two options to extend for 10 years each. This offering provides an opportunity for an experienced hospitality manager to acquire lodging in a prime location significantly below replacement cost.

• Hotel license with accessory bar license
• Substantially renovated in 2017 (electrical, mechanical, and plumbing systems fully replaced)
• FF&E refreshed in 2024
• Variety of room accommodations, and includes 2 wheelchair accessible rooms
• Along St. Charles Ave (streetcar line, Mardi Gras)
• High-speed wifi and luggage storage