Hotels are most definitely in right now and there is no clearer proof than this latest batch of news from the West Bank and the East Bank. First, Harvey's Motel 6 at 3750 Westbank Expressway found a cash buyer — Hajari Investments LLC — who officially purchased the motel for $2.3M on January 20th. Next up, 111 Iberville which just gained unanimous approval from City Council to open up the first new French Quarter hotel in decades. The boutique hotel will span 80 total rooms.
· Harvey motel sells for $2.3 million [NOLA City Business]
· City Council Green Lights First French Quarter Hotel in 45 Years [Canal Street Beat]