Sunstone Hotel Investors Inc Sells Hilton New Orleans St. Charles For $47 Million
333 Saint Charles Avenue
$47,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 9, 2025
About this deal
AI
The asset involved in this transaction is a hotel located at 333 Saint Charles Avenue, New Orleans, LA. The property, which is a 252-room Hilton New Orleans St. Charles, sold for a total of $47,000,000, with a price per key of $186,508.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $47,000,000
- Address: 333 Saint Charles Avenue
- Market: New Orleans, LA
- Seller: Bryan Giglia - Sunstone Hotel Investors Inc
- Keys: 252
- Price per Key: $186,508
In this sale, Bryan Giglia represented Sunstone Hotel Investors Inc, the seller of the property, which will use the proceeds from the sale for stock repurchases rather than reinvesting in hotel properties.
On the Map
$47,000,000
Hotel
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Players
New Orleans Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93