44-Room Hotel
For Sale
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1028 Canal St, New Orleans, LA 70112
The leasehold operates as a hostel with private suites, dormitory accommodations, and substantial shared areas.
Property Size36,004 SF
Days on Market114
Property Features for 1028 Canal St
General Information
Standard status
Active
Size
36,004 SF
Property subtype
Hospitality
Zoning
CBD-3
Site & Location
Neighborhood
Central Business District
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Year Renovated
2017
Listing Agency:
Felicity Property Co., LLC
Listed By:
Jack Egle · License #995704008
(504) 586-8305
Source:
Lacdb.resimplifi
Added: Jul 8
Changed: Oct 26
Last Checked: Oct 28 at 4:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Felicity Property Co., LLC
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Investment Insights
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The offering is a leasehold interest in an operating hospitality property configured as a 44-room, 210-bed hostel. Accommodations include private suites and dorm-style rooms, alongside a large lobby and common areas. The property totals 36,004 square feet and underwent a complete gut renovation before entering service in late 2017. The attached Bésame restaurant is included as a subtenant; the underlying real estate is not part of the offering.
At Canal and Rampart Streets, the property sits catty-corner to the Saenger Theatre and is served by the Canal Street and Rampart-St. Claude streetcar lines. The lease structure covers 1028 Canal Street and a portion of 1036 Canal Street. Zoning is CBD-3.
At Canal and Rampart Streets, the property sits catty-corner to the Saenger Theatre and is served by the Canal Street and Rampart-St. Claude streetcar lines. The lease structure covers 1028 Canal Street and a portion of 1036 Canal Street. Zoning is CBD-3.
Key Highlights
- 44 rooms and 210 beds in private‑suite and dormitory formats
- 36,004‑square‑foot property with a complete gut renovation before service began in late 2017
- Leasehold covers 1028 Canal Street and a portion of 1036 Canal Street; underlying real estate is excluded
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Current Use
Location Intelligence
Trade Area within ½ mile
10,854
Businesses Nearby
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Business Placement
Demographics for 70112, LA
4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - The leasehold operates as a hostel with private suites, dormitory accommodations, and substantial shared areas.
Where is this hotel located?
The property is located at 1028 Canal St New Orleans, LA.
What are key features of this property?
This property features: 44 rooms and 210 beds in private‑suite and dormitory formats; 36,004‑square‑foot property with a complete gut renovation before service began in late 2017; Leasehold covers 1028 Canal Street and a portion of 1036 Canal Street; underlying real estate is excluded
