Hotel-Motel
Holiday Inn New Orleans West Bank
275 Whitney Ave., Gretna, LA 70053
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the Holiday Inn New Orleans Westbank Tower, a 181-room, 13-story full-service hotel located on US-90 at 275 Whitney Avenue in Gretna, Louisiana. Built in 1973 and given a comprehensive guest-room renovation in 2023, the property operates under a Holiday Inn license that runs through February 2039 with only a light Change-of-Ownership PIP anticipated.
The hotel offers immediate access to the French Quarter, Ernest N. Morial Convention Center, Port NOLA cruise terminals, Avondale shipyard, and Ochsner Westbank Medical Center, providing a balanced mix of leisure, group, and corporate demand. Recent performance indicates sustained RevPAR growth following the renovation, positioning the asset for continued upside in a submarket with limited new supply.
Holiday Inn New Orleans West Bank
Investment Highlights
- 181-room IHG-branded hotel – renovation completed 2023, along with all guest rooms and common areas.
- Prominent 13-story tower on ±1.71 acres; direct visibility from the Crescent City Connection and US-90, ~3.4 miles to the Convention Center and 4.0 miles to the Superdome.
- Franchise license through 2039 with minimal Change-of-Ownership PIP expected.
Exclusively Listed By
Broker of Record
-
Steve Greer
First Vice President Investments
Financing By
Listing Price: Request For Offer
Investment Highlights
- 181-room IHG-branded hotel – renovation completed 2023, along with all guest rooms and common areas.
- Prominent 13-story tower on ±1.71 acres; direct visibility from the Crescent City Connection and US-90, ~3.4 miles to the Convention Center and 4.0 miles to the Superdome.
- Franchise license through 2039 with minimal Change-of-Ownership PIP expected.
Investment Overview
Marcus & Millichap is pleased to present the Holiday Inn New Orleans Westbank Tower, a 181-room, 13-story full-service hotel located on US-90 at 275 Whitney Avenue in Gretna, Louisiana. Built in 1973 and given a comprehensive guest-room renovation in 2023, the property operates under a Holiday Inn license that runs through February 2039 with only a light Change-of-Ownership PIP anticipated. The hotel offers immediate access to the French Quarter, Ernest N. Morial Convention Center, Port NOLA cruise terminals, Avondale shipyard, and Ochsner Westbank Medical Center, providing a balanced mix of leisure, group, and corporate demand. Recent performance indicates sustained RevPAR growth following the renovation, positioning the asset for continued upside in a submarket with limited new supply.
Exclusively Listed By
Broker of Record
-
Steve Greer
First Vice President Investments
Financing By
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