Booking.com award winning property. Excellent guest reviews. 1201 Baronne Street is an opportunity to purchase an existing short-term rental business, all furnishings, all bookings, and the real property platform with all licensing and performance revenue in place with highly sought after MU-2, High Intensity Mixed Use Zoning, which includes hotel as a permissible use. The property consists of a truly A+ renovation of a six unit property, with an average unit size of 1,123 SF and a total of 12 bedrooms. Really high end finishes throughout. Travelers love this property because of the direct proximity to the CBD / Warehouse District but also the Garden District and the St. Charles Avenue street car line. Unit count calculation is based on total number of bedrooms.
Based on actual 2018 financials, the approximate annual revenue is $350,000 (REVPAR of $160 per night). Pro Forma does not include margin on cleaning fees or housekeeping costs. Inclusion of cleaning fees and booking fees shows a total of $350,000 in annual booking revenue. Net income is $177,642 per annum.
All quoted sizes on buildings and land subject to buyer verification. UNIT MIX: (1) 4 bedroom / 2.5 bath unit, (2) 2 bedroom / 2 bath units, (1) 2 bedroom / 2.5 bath unit, and (2) 1 bedroom 1.5 bath units.