Medical corridor prompts longer lodging trend

Posted on: March 23 2015 | Posted in: Latest News

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.

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