CBD hotel sells for $10.75M

July 22 2014 | Latest News
By: Greg LaRose, Editor July 22, 2014, CityBusiness

A New York real estate investment firm has made its first foray into the New Orleans market with the purchase of a downtown hotel.

The Garrison Investment Group purchased the O’Keefe Plaza Hotel on July 11 for $10.75 million from the Chauhan and Kansagra families. The six-story property at 334 O’Keefe Ave. has 129 rooms.

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