Past Auctions
New Orleans Midtown Hotel
- Auction Date:
- 12/01/2006 11:00 AM (Closed)
- Address:
- 3900 Tulane Avenue
New Orleans, LA 70119
United States [Map | Driving Directions] - Type:
- Hospitality
New Orleans Midtown Hotel
New Orleans Midtown Hotel
3900 Tulane Avenue
New Orleans, Louisiana 70119
A PROPERTY INFORMATION PACKET IS AVAILABLE BY CLICKING ON THE ORANGE "PROPERTY INFORMATION PACKET" LINK ON THE RIGHT OF THIS PAGE. PLEASE ENTER YOUR E-MAIL THEN CLICK "CONTINUE". CLICK ON "VIEW DETAILS". THEN VISIT EACH MENU ITEM LISTED ON THE PAGE. INCOME STATEMENTS AND FINANCIAL INFORMATION ARE AVAILABLE FOR DOWNLOAD UNDER "LINKS-OTHER INFORMATION". PLEASE FEEL FREE TO CALL US AT 504-468-6800 IF YOU HAVE ANY DIFFICULTIES.
SUGGESTED OPENING BID: $1,000,000
Historic New Orleans Midtown Hotel, features 102 rooms, Pool, Hot Tub, and Banquet/Meeting Rooms. 225' frontage on Tulane Ave. by a depth of 162'. Hotel is operating and occupied.
Possible GO ZONE tax incentives visit www.gozoneguide.com
AUCTIONEER'S NOTE: This will be a Dual-Bid auction where initial written bids are submitted on Wednesday November 29th. The bids will be evaluated and selected bidders will be invited to the live auction on Friday December 1st.
INITIAL BID OFFER DEADLINE: Wednesday November 29, 5:00 pm
INITIAL BID OFFER LOCATION: Sperry Van Ness/Gilmore Auction
3316 Florida Avenue, Suite 201, Kenner, LA 70065
AUCTION DATE & TIME: Friday December 1, 11 am
SUGGESTED OPENING BID: $1,000,000
DEPOSIT: $50,000 in certified funds or cashier's check with initial bid made payable to True Title. Winning bidder must deposit a total of 10% within 24 hours.
CLOSING: Closing shall take place by Friday January 5, 2007.
INSPECTION: By appointment. Please call 504-468-6800.
BROKER PARTICIPATION: Two percent (2%) of the bid price to a properly registered broker. Please download mandatory Broker Registration form below.
BUYER'S PREMIUM: A ten percent (10%) buyer's premium will be added to the final bid and included in the total contract price.
LEGAL: Lot C, Square No. 748, fronting Tulane Avenue bounded by S. Scott, Gravier, and S. Pierce. First District, City of New Orleans.
TERMS: 10% down auction day. $50,000 certified funds required with initial written bid. Act of sale within 30 days. Property sold in as is, where is condition. 10% buyer's premium added to final bid
This information has been obtained from sources deemed reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates are for example only and do not represent the current or future performance of the property. It is the potential Bidders responsibility to independently verify the accuracy and completeness of the information.
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purchase agreement bid form new orleans midtown hotel