Hyatt Regency

601 Loyola Ave, New Orleans, LA 70113, New Orleans, LA

$8,500,000

Price

5.41%

Cap Rate

$459,648

NOI

Gallery
Street
Map
Overview
Cap Rate
5.41%
NOI
$459,648
Building Size
23,700 sqft
Occupancy
100%
Year Built
2011
Description

Faris Lee Investments is pleased to present the opportunity to acquire the Hyatt Convention Center in New Orleans, LA.

The property is located in the Central Business District of New Orleans, LA. The location offers strong hotel demand and entertainment hub.

Highlights
  • Single Tenant Convention Center Managed By the Hyatt Regency Hotel for Sale
  • 50-Year Absolute NNN Lease with Approximately (40) Years Remaining
  • Growing Income Stream with CPI Increases Starting Year 6 and Every 5th Year Thereafter
  • Mission Critical Building to the Hyatt Regency Hotel and Convention Center
  • Strategic Central Business District Location with Strong Hotel Demand and Entertainment Hub
  • Centrally Located Near the Interstate 10 Freeway And U.S. Hwy. 90 Interchange
  • Infill New Orleans Demographics 5-Mile: Estimated Population 364,108 / AHHI $83,411 / Daytime Population 214,640
Location
Gallery