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Savvy Investors Look to New Orleans Hotels

Posted: May. 15th, 2013  |  By Michael Pearse

As one of the best tourism destinations in the United States, hotels in New Orleans offer investors a killer chance at substantial profits. With more investors putting their money into these hotels, they should see great improvements, making New Orleans only that much more worthy for your vacations.

This weekend's JazzFest crowd is just one reason hotel operators like New Orleans.

Area hotels are hot properties for investors, as investors see the hotel and tourism market here surpassing its pre-Katrina peak.

"The New Orleans market is emerging as a very strong tourism hotel market in the south at this point," says real estate analyst Wade Ragas.

"2013 started off with about eight properties being sold, all at near record prices."

He points to last month's sale of the W New Orleans on Poydras Street to Chesapeake Lodging for $65 million.

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