$75M deal includes three hotels, garage

Posted on: January 26 2015 | Posted in: Latest News

By: Robin Shannon, Reporter, City Business

A New York investment firm recently closed on its purchase of three Hampton Inn properties in the New Orleans area and a six-story downtown garage in a deal worth more than $75 million.

Through an LLC known as BRE Nola Property Owner, The Blackstone Group bought the 288-room Hampton Inn & Suites Convention Center, 1201 Convention Center Blvd., for $24.9 million; the 100-room Hampton Inn Garden District, 3626 St. Charles Ave., for $12.9 million; the 210-room Hampton Inn & Suites Downtown French Quarter, 226 Carondelet St., for $22.5 million; and the EZ-Park parking garage at 310 Carondelet St., for $15.4 million.

The purchase closed Thursday and was filed as four separate transactions registered with Orleans Parish on Friday.

The seller in all four transactions was Highpointe Hotel Corp. LLC of Gulf Breeze, Florida. The company also owns Hampton Hotels in Elmwood and Baton Rouge. It’s not immediately known if those hotels were included as part of the deal.

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