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March 23, 2018

Holiday Inn Express in New Orleans' Central Business District sold for $21 million

Source: http://www.theadvocate.com

A Holiday Inn Express in the heart of the Central Business District has been sold for $21 million to Austin-based JMI Realty, a private real estate investment and development company, Orleans Parish land records show.

The 129-room, six-floor hotel is located at 334 O'Keefe Ave. It was sold by Garrison Investment Group, a real estate investment firm in New York, which bought it for $10.75 million in 2014.

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