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.
[…] 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. […]