By: Robin Shannon, Reporter, City Business
As the Mid-City medical corridor along lower Canal Street inches closer to reality and the two new billion-dollar hospitals open to patients, hotel industry analysts say the city’s recent lodging development trend could slightly shift to include more emphasis on extended-stay properties.
Two developments less than a mile apart are already in the works. Both are just blocks from the hospital projects.
Poydras Properties, the owners of a 24-story office high rise at 1250 Poydras St., have started construction on a 194-room Hyatt House that will occupy seven floors in the middle of the building. The Hyatt House brand launched in 2012 and offers extended-stay services with studios, one-bedroom and two-bedroom suites and full kitchens.
The current budget is about $120 million. The project, which was announced in October, is set to be finished later this year.
To read the full story visit CityBusiness.