Photo from Qualityinn.com
According to Orleans Parish records, the Quality Inn at 210 O’Keefe Avenue was sold for $9 million on November 4, 2014.
The hotel has 100 rooms, putting the deal at $90,000/key. The hotel sits at 59,127 square feet, 10 stories, and has a leased Subway franchise on the bottom floor.
It was originally constructed in 1956 as the Maryland Casualty Building and contains no on-site parking.
The buyers are Atlanta-based Noble Investment Group.
The seller was Louisiana Hotel, LLC, which had purchased the property in 1998 for $425,000.
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[…] Hotel is planned for a conversion of the Quality Inn at 210 O’Keefe Avenue, which sold in November 2014 for $9,000,000 to Atlanta-based Noble Investment […]