Blackstone Buys Three Hotels, Parking Garage for $76M
- Feb 02, 2015
By Eliza Theiss, Associate Editor
Global investment and advisory firm The Blackstone Group has invested $75.7 million in New Orleans’ real estate, picking up three centrally located hotel properties and a parking facility, reported Canal Street Beat. Blackstone acquired the properties from Florida-based Highpointe Hotel Corp. LLC. The acquisitions include the EZ-Park on Carondelet Street, which traded for $15.4 million; the 288-key Hampton Inn & Suites Convention Center, purchased for $24.9 million; the 22.5 million, 210-key Hampton Inn & Suites Downtown French Quarter; and the 100-key Hampton Inn Garden District, which sold for $12.9 million, reported Canal Street Beet.
Located at 1201 Convention Center Blvd., the 288-key Hampton Inn & Suites Convention Center sits in New Orleans’ historic Arts & Warehouse District, across the street from the Ernest N. Morial Convention Center. Amenities include 12,000 square feet of on-site meeting and event space, a 24-hour business center, a 24-hour fitness center, an outdoor pool and a courtyard.
Featuring the 226 Carondelet St. address, the 210-key Hampton Inn & Suites Downtown French Quarter sits in the famed historic French Quarter. It is located in New Orleans’ first skyscraper. Amenities include 3,000 square feet of meeting space, a 24-hour fitness center and a 24-hour business center.
Located in one of the hottest New Orleans neighborhoods, the Garden District, the 100-key Hampton Inn Garden District is close to Magazine Street’s shopping, the French Quarter’s entertainment and history, and to Tulane and Loyola universities’ top-grade education, on the famous St. Charles Avenue Streetcar line. Amenities include a 420-square-foot meeting facility, a business center, a fitness center, a pool and complimentary on-site parking.
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Images courtesy of Hampton Inns of New Orleans via Facebook