As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors 4200 St. Claude Avenue (‘Hotel’ or ‘Property’) located in New Orleans, Louisiana. The Independent Hotel is offered at $3,895,000 or $432,778 per key. 4200 St. Claude Avenue is a three-story property containing 9 units totaling 23 furnished bedrooms with 14.5 baths, washer/dryer, and fully equipped kitchens in each unit, six secure parking spaces (with charger installed), as well as an elevator. In addition, the property has an automated Brivo/Yale lock system with automated controls for the HVAC and camera systems and is also prewired for Wi-Fi. The property is located 2.6 miles from the French Quarter within the Bywater Neighborhood of New Orleans, Louisiana. New Orleans is positioned within the New Orleans-Metairie MSA. The MSA is one of the most vibrant and culturally significant regions in the United States, boasting a population of approximately 1.2 million. The area’s economy is fueled by tourism, healthcare, education, port operations, and energy sectors, making it a highly diverse market. New Orleans itself serves as a hub for conventions, festivals, and major sporting events, creating year-round demand for lodging. New Orleans is exceptionally well-connected, offering convenient accessibility for travelers. Louis Armstrong New Orleans International Airport (MSY – 16.7 miles) serves as the primary gateway to the region and handles over 13 million passengers annually. Recent airport expansions include a state-of-the-art terminal that has enhanced visitor experience and connectivity. The property also benefits from proximity to major highways, including Interstate 10, which links New Orleans to Baton Rouge, Houston, and other key Gulf South markets. Additionally, the Port of New Orleans serves as a significant embarkation point for cruise lines, creating further demand for lodging. The city hosts several prestigious higher education institutions driving consistent demand for accommodations. Tulane University has over 14,000 students, Loyola University New Orleans serves 4,000, the University of New Orleans has 8,000, and Xavier University of Louisiana hosts 3,300 students. Healthcare is a significant demand generator in New Orleans, with world-class facilities attracting patients and families from across the region. Ochsner Medical Center, Louisiana’s largest healthcare system, offers over 600 beds and specializes in cardiovascular care, oncology, and pediatrics. Tulane Medical Center, a major teaching hospital affiliated with Tulane University, provides 235 beds. Children’s Hospital New Orleans, a leading pediatric facility with 267 beds, and University Medical Center New Orleans, a state-of-the-art trauma and academic center with 446 beds, further solidify the city’s role as a regional healthcare hub. New Orleans is home to a diverse array of major employers across key industries. The Port of New Orleans is a major economic driver and gateway for international trade, indirectly employing over 19,000 people. Entergy Corporation, a Fortune 500 utility company headquartered in New Orleans, serves as a major employer in the region. Ochsner Health, the largest private employer in Louisiana, boasts over 25,000 employees. DXC Technology, a global IT services firm, has a significant workforce in the city, and the tourism and hospitality sector supports tens of thousands of jobs across hotels, restaurants, and event venues. Tourism is a cornerstone of New Orleans’ economy, drawing over 19 million visitors annually. Notable attractions include the historic French Quarter with Bourbon Street and Jackson Square, the world-renowned Mardi Gras festival, and the Sazerac House, which highlights the city's rich cocktail heritage. Cultural icons like Preservation Hall offer nightly jazz performances, while the St. Louis Cemeteries draw those interested in the city’s unique history and mystique. Additional landmarks include the National WWII Museum, the Audubon Zoo and Aquarium, the Caesars Superdome, and family-friendly destinations such as City Park and the New Orleans Museum of Art. Known as the birthplace of jazz, the city’s vibrant nightlife features live music across various venues. Beyond tourism, New Orleans is undergoing significant economic development. The $1.5 billion Louisiana International Terminal at the Port of New Orleans will enhance cargo capacity and bolster the city’s position as a global trade hub. The city’s film and television industry is thriving, earning the nickname “Hollywood South,” while tech companies like DXC Technology are contributing to the growing tech sector and high-paying job creation. Healthcare is expanding as well, with Ochsner Health’s $1 billion infrastructure initiative drawing medical professionals and patients to the city. Additionally, the $557 million redevelopment of the Ernest N. Morial Convention Center, including an entertainment district, further strengthens New Orleans’ appeal as a convention destination. These developments, along with investments in renewable energy, infrastructure, and tourism, make New Orleans a city with significant growth potential and ample opportunities for hotel investors. BROKER OF RECORD Steve Greer Louisiana P: (225) 376-6800 Lic #: BROK.995710346-ACT