Vacant Tulane Avenue hotel sells

Posted on: April 9 2015

By Robin Shannon, The Advocate

A vacant hotel property that is among the largest pieces of available real estate along Tulane Avenue recently changed hands after more than three years on the market.

The Americas Best Value Inn, 2820 Tulane Ave., sold on March 25 for $1.06 million, according to Orleans Parish conveyance records. The 16,000-square-foot hotel, which is spread across three separate buildings, sits on a more than 30,000-square-foot tract of land near the Orleans Parish Criminal District Courthouse.

Conveyance documents show the property, which had also gone by the name Patio Motel, sold to an entity known as 2820 Tulane LLC. Records from the Secretary of State list New Orleans residents Bahram Khoobehi and Hossain and Mahmood Mogharehabed as members. The new owners could not be reached for comment.

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