1001 MARIGNY Street New Orleans, LA 70117

This turn-key, income-producing boutique hotel is offered as a 31-room property with HDLC-approved plans for expansion and additional room conversions. The proposal includes 18 additional rooms on a vacant parking lot, 7 additional rooms at the corner building located at 1001 Marigny Street, and 4 additional rooms at 1005–07 Marigny Street, for a potential total of up to 60 rooms. The corner building at 1001 Marigny Street may alternatively be used for restaurant or commercial space or sold separately, subject to approvals.

The property is described as being located just steps from the French Quarter. The expansion strategy is supported by a clearly defined path across five separate lots of record.

The remarks also indicate the zoning and configuration may permit alternative commercial uses, including drug and alcohol rehabilitation or a specialty residential treatment facility, described as a permitted use. The property is also stated to be eligible for historic tax incentives, including Federal Historic Tax Credits (20%) and Louisiana State Historic Tax Credits (25%), subject to program requirements and approvals. Additional depreciation provisions under the “Big Beautiful Act” may apply to qualifying improvements not eligible for historic tax credits, subject to IRS rules and the buyer’s tax situation.