Hi New Orleans Hostel
Spaces
36,004 SF available for lease
Building description
1028 Canal Street, positioned on world-famous Canal Street at the gateway into New Orleans’ iconic French Quarter, offers a rare opportunity to operate a hospitality asset on one of the city’s most recognized corridors. Located on the corner of Canal and Rampart Streets and catty-corner to the Saenger Theatre, the property benefits from exceptional visibility and convenient access via both the Rampart-St. Claude and Canal Street streetcar lines in a setting where tourism — the city’s main economic driver — and historic New Orleans converge. The site currently operates as HI New Orleans, a 44-room and 210-bed hostel with a combination of extraordinarily well-maintained private suites and dorm-style accommodations. The opportunity to assume the leasehold interest in this asset represents one of the most strategically positioned hospitality plays available in New Orleans today — an operational platform with proven performance, multiple repositioning paths, and an irreplaceable Canal Street address.
Building highlights
- Opportunity to assign the leasehold interest for an existing hospitality asset on Canal Street
- Currently configured with 44 rooms and 210 beds comprised of private suites and dorm-style accommodations
- Potential to reposition the asset from hostel use into a hotel-oriented format; dorm-style suites may be converted into 3, 4, or 5-bedroom accommodations for large groups and families
- Large existing lobby and common areas offer strong activation potential for added revenue and guest-facing amenitiesOpportunity to introduce a lobby bar for hotel guests and locals/tourists alike
- Being put into service in late 2017 after a complete gut renovation, the building is in very good condition and has been meticulously maintained
- Offering includes all of 1028 Canal St and a portion of 1036 Canal St under a long-term lease structure
Listing Contacts
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Additional Information
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