A wall mounted luggage stand assembly for supporting a piece of luggage in a hotel room. The luggage stand assembly has a backboard that is mounted to a wall. A shelf is provided that has a bottom surface and a rear edge. The shelf is connected to the backboard with a hinged connection proximate that enables the shelf to rotate between a vertical orientation and a horizontal orientation. At least one damper piston is provided that retards the movement of the shelf from its vertical orientation to its horizontal orientation. A vertical support panel is connected to the bottom surface of the shelf. The vertical support panel rotates with gravity to always remain in a vertical orientation. The vertical support panel contacts the floor when the shelf rotates to its open horizontal position, therein supporting the shelf.