Two downtown hotels sell for nearly $35 million

Posted on: January 13 2015

By: Robin Shannon, Reporter City Business

New Orleans hotels continue to be popular among real estate investors as two more properties changed ownership at the close of the year.

According to Orleans Parish conveyance documents, Clearview Hotel Capital, California-based investment group, sold the Renaissance New Orleans Arts Hotel at 700 Tchoupitoulas St. and the Renaissance Pere Marquette Hotel at 817 Common St. to an investment firm led by New York-based real estate investor Richard Hadar.

To read the full story visit City Business