Canal Street Beat | New Orleans Real Estate News

New Orleans Tops STR/CoStar Rankings During Jazz Fest Surge

May 6, 2026 • News • 120

New Orleans achieved significant gains in hotel occupancy and revenue per available room (RevPAR) during the Jazz Fest week, leading the Top-25 U.S. markets. For the week ending April 25, 2026, STR/CoStar data indicates a 19% increase in occupancy to 73.7% and a 34.3% jump in RevPAR to $155.18. The metrics analyzed by CoStar/STR, published [&hellip
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Jazz Fest Drives New Orleans Hotel Occupancy to 92%

May 6, 2026 • News • 107

New Orleans & Company projects that citywide hotel occupancy for the second weekend of Jazz Fest reached approximately 92%, signaling a robust rebound for the 2026 festival. The projection, reported on May 4, underscores the festival’s impact on the hospitality market, benefitting hotel owners and stimulating downtown retail and short-term rental markets. The projection indicates [&hellip
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Practis Converts Trailer Campus into Permanent Harry Tompson Center on Gravier Street; $3.6M Campaign Completes Rebuild

May 5, 2026 • News • 122

Practis, a local architecture firm, has completed the transformation of the Harry Tompson Center at 1803 Gravier Street in downtown New Orleans. The $3.6 million capital campaign turned a long-standing 2007-era trailer campus into a permanent 16,839 square-foot facility. The multi-phase project, verified in a recent Biz New Orleans article, was led by Practis with [&hellip
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Domino Sugar’s Chalmette Refinery to Add $200M Filtration Building

May 4, 2026 • News • 301

American Sugar Refining (ASR), the company behind Domino Sugar, has announced plans to invest $200 million in constructing a new Filtration Building at its Chalmette refinery in Arabi, Louisiana. This significant private industrial expansion aims to modernize operations, enhance flood resilience, and safeguard hundreds of union jobs in the New Orleans area. The investment was [&hellip
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Downtown Retail Condo Anchored by Chick-fil-A Sells for $7.27M at 1200 Poydras St.

May 3, 2026 • News • 242

A fully leased retail condominium at 1200 Poydras St. in New Orleans has been sold for $7.27 million. This 17,270-square-foot ground-floor property, anchored by Chick-fil-A, Hurts Donut, and soon-to-open Juicy Seafood, was part of a 1031 exchange transaction completed in April 2026. The seller of this Central Business District property was represented by SRSA Real [&hellip
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Port NOLA Celebrates Maritime Month with SAIL 250 Arrival

May 2, 2026 • News • 221

The Port of New Orleans has officially declared May 2026 as Maritime Month, featuring a month-long series of events aimed at boosting tourism and highlighting river commerce. The centerpiece of the festivities is New Orleans being the first U.S. stop for the international SAIL 250 tall-ship flotilla, scheduled to take place from May 28 to [&hellip
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New Orleans & Company Launches ‘Good Times Pass’ With SmartVisit and aRes Travel

May 1, 2026 • News • 271

New Orleans & Company launched the “Good Times Pass” on April 30, 2026, in partnership with SmartVisit and aRes Travel. The digital pass aims to provide discounted access to over 25 local attractions, with initial pricing set at $169. Visitors can purchase the pass on NewOrleans.com and access it via the SmartVisit mobile app, selecting [&hellip
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Air Liquide’s $350M Investment Expands St. James Industrial Infrastructure

April 29, 2026 • News • 369

Air Liquide, a global industrial gases provider, announced a significant investment of over $350 million in St. James Parish, Louisiana. The expansion includes a new air-separation unit at the Koch Methanol site and necessary pipeline upgrades along the Mississippi River to serve the Hyundai-POSCO Louisiana (HPLS) low-carbon steel facility. This project is expected to begin [&hellip
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Garden District Hotel Named to Travel + Leisure’s 2026 “It List” — Local Boutique Hotel Gains National Recognition

April 28, 2026 • News • 306

The Garden District Hotel in New Orleans has achieved a significant milestone by being named to Travel + Leisure’s 2026 “It List” as confirmed by Biz New Orleans on April 24, 2026. This recognition highlights the prominence of the boutique hotel located in one of the city’s most esteemed neighborhoods, enhancing its visibility in the [&hellip
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Fairmont New Orleans Names Emeril Lagasse Group for Hotel Dining

April 27, 2026 • News • 428

Fairmont Hotels & Resorts has announced a partnership with Emeril Lagasse’s restaurant group to anchor the dining experience at the upcoming Fairmont New Orleans hotel, with a targeted opening in fall 2026. This collaboration marks a significant re-entry of a global luxury brand in the French Quarter area and demonstrates renewed private investment in the [&hellip
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