No Bidders For Proposed $17 Million Armstrong Airport Hotel

by • September 29, 2016 • Hotel & Hospitality, Public DevelopmentComments (1)2118

Rendering of the new Louis Armstrong International Airport.

Rendering of the new Louis Armstrong International Airport.

The City’s plan to build a centerpiece hotel at the new $800 million Louis Armstrong International Airport did not attract a single bidder, according nola.com.

The New Orleans Aviation Board released and RFP for a nationally branded, full-service, 140 room hotel with a deadline of September 16, 2016.  No proposals were submitted.

The Aviation Board was seeking a 30-year lease with $103,000 in base rent plus a minimum of $450,000 in revenue share from things like F&B revenue.  The hotel is estimated to cost $17 million to build.

The city is in the midst of a hotel boom, and that includes new hotels planned near the airport.  One Kenner developer has already started on 3 hotels right near the airport totaling $40 million.

No word yet on a new timeline to advertise the hotel RFP again, but we think it will be coming out soon as the entire project is slated to open in 2018.

 

 

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One Response to No Bidders For Proposed $17 Million Armstrong Airport Hotel

  1. […] Construction at the airport is well underway, and it is still on schedule to open in 2018.   Flight demand is so good that the city is considering adding another $100 million terminal to the current plans, but they are still searching for a hotel operator. […]

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