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Sign in Sign up for a FREE subscriptionNew Orleans Marriott Courtyard and Springhill suites hotels sells for $73m
Hospitality Real Estate Consultants (HREC), together with Cushman Wakefield Commercial Real Estate Services, announced the sale of the 410-room Marriott dual-branded New Orleans Courtyard and Spring Hill Suites Hotels located near the Ernest N. Morial Convention Center/Arts and Warehouse District of New Orleans’ CBD. The purchase price was $73 million.
Guidry Land Partners and Orlando businessman David Bansmer purchased the properties. These AAA-located hotels were sold unencumbered by management and fee simple. InterMountain Management has been selected as the new management company; the firm also operates the buyer's 19-story 232-room Residence Inn on St Charles Avenue.
