Earlier this week, M&S Hospitality sold the Midtown Hotel located at 3900 Tulane Avenue to Tulane Hotel Group for $2.7 million.
Tulane Hotel Group has not publicly announced any immediate plans for the building. However, according to the City of New Orleans One Stop, The Tulane Hotel Group filed a building permit application in October of 2017 for minor exterior renovations of the building. The renovations included painting shutters, windows, balcony, and deck.
In 2013, M&S Hospitality—a hospitality company that leased the building—bought the 102-room Midtown hotel for $1.7 million.
Mid-City Messenger reports that M&S Hospitality put the building on the market nearly a year after the purchase for $3.8 million. But the building didn’t sell until Tulane Hotel Group bought it for $2.7 million.
- New Orleans property transfers, June 11-15, 2018 [The New Orleans Advocate]
- Mid-Town Hotel On Tulane Avenue Sells For $1.7M [Curbed NOLA]
- After three years on the market, Mid-Town Hotel sells for $2.7 million [Mid-City Messenger]