City: New Orleans

Chesapeake Lodging Trust has paid $25.5 million, or about $262,887/room, for the 97-room W New Orleans - French Quarter hotel in New Orleans. The Annapolis, Md., REIT purchased the property, at 316 Chartres St., from Starwood Hotels & Resorts Worldwide ...

Dallas CityBizList Summit Hotel Properties Inc. has closed on its $135 million acquisition of five hotels with 823 rooms in the New Orleans area. The Austin, Texas, hospitality REIT said it funded the transaction with available cash, as well as ...

Summit Hotel Properties has agreed to pay $135 million for five hotels with 823 rooms in the New Orleans area. The properties in New Orleans are: the 140-room Courtyard by Marriott, a 208-room SpringHill Suites and a 202-room Courtyard by ...

RLJ Lodging Trust has opened the 132-room Hotel Indigo New Orleans Garden District. It had purchased the property, at 2203 St. Charles Ave. in 2010 for $6.4 million and spent another $16.9 million on renovations. The hotel had operated independently ...

The Astor Crowne Plaza hotel in New Orleans' French Quarter, which backs $75.9 million of CMBS debt, is being offered for sale through Eastdil Secured. The thinking is the 693-room property could sell for as much as $130 million, or ...

A venture of Carey Watermark Investors Inc. and HRI Properties has paid $22.3 million, or $143,871/room, for the Hilton Garden Inn French Quarter, with 155 rooms in New Orleans. The venture purchased the property from HRI, of New Orleans, which ...

Cornerstone Real Estate Advisers has provided $70 million of mortgage debt for Place St. Charles, a 1.3 million-square-foot office building in downtown New Orleans. The loan was arranged by Meridian Capital Group. It has a 20-year term and amortizes over ...

A partnership of Carey Watermark Investors Inc. and HRI Properties is close to completing an $18 million renovation of the Chateau Bourbon Hotel in New Orleans, which will be converted to the Hyatt brand and renamed the Hyatt French Quarter ...