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$340M in BP Restoration Funds Coming to Louisiana

$340M in BP Restoration Funds Coming to Louisiana

It’s been just a little over three years since the BP Deepwater Horizon oil spill (also known as the Macondo blowout), the largest, most devastating marine oil spill in history which devastated the Gulf of Mexico.…

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Chesapeake Lodging Pays $65M for Second W Acquisition in April

Chesapeake Lodging Pays $65M for Second W Acquisition in April

Annapolis, Md.-based Chesapeake Lodging has announced the acquisition of the 410-key W New Orleans from Starwood Hotels & Resorts Worldwide, Inc for $65 million.…

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Ramada Suites Hotel Completes Renovation, Rebrands as Holiday Inn Express

Ramada Suites Hotel Completes Renovation, Rebrands as Holiday Inn Express

Laurus Corporation, a real estate investment and development company has announced completing the renovation of the 130-key Ramada Suites Hotel at New Orleans Airport, as well the rebranding of the property as a Holiday Inn Express.…

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W of New Orleans – French Quarter Trades for $25.5M

W of New Orleans – French Quarter Trades for $25.5M

Annapolis, Maryland-based Chesapeake Lodging Trust has announced finalizing the purchase of the 97-key luxury hotel.…

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Stirling Properties Opens First Walgreens

Stirling Properties Opens First Walgreens

New Orleans just got a new drugstore with Stirling Properties announcing the grand opening of the full-service Walgreens drugstore on Magazine Street.…

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Six Flags Mall in Trouble; Summit Closes $135M, Five-Hotel Deal

Six Flags Mall in Trouble; Summit Closes $135M, Five-Hotel Deal

After several strong weeks for the Crescent City retail industry, which seemed to bring nothing but news of growth and investment, the white hot retail sector was bound for some less than favorable news.…

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Ascend, Wyndham Add Downtown New Orleans Hotels to Portfolio

Ascend, Wyndham Add Downtown New Orleans Hotels to Portfolio

Ascend Hotel Collection, a network of historic, boutique and unique hotels and member of Choice Hotels International, Inc. has announced the addition of four new hotel properties to its growing portfolio, now 77 properties strong.…

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$20M Boomtown Casino Hotel Breaks Ground

$20M Boomtown Casino Hotel Breaks Ground

Hospitality continues to drive the Crescent City and it’s no surprise what with the success of the 2013 SuperBowl and the recent announcement that WrestleMania 30 is to take place at the Mercedes-Benz Superdome in 2014.…

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Dr. Martin Luther King Jr. Charter School for Science, Technology Goes Solar

Dr. Martin Luther King Jr. Charter School for Science, Technology Goes Solar

Fortune 300-company NRG Energy, Inc. has announced dedicating a solar photovoltaic installation and opening the NRG Playground at the Dr. Martin Luther King, Jr. Charter School for Science and Technology in New Orleans.…

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Summit Hotel Properties to Buy Five New Orleans Hotels for $135M

Summit Hotel Properties to Buy Five New Orleans Hotels for $135M

Publicly traded REIT Summit Hotel Properties, Inc. has announced entering a definitive purchase agreement for a five-hotel portfolio in Louisiana. The properties, all located in the Greater New Orleans Area, are expected to be purchased for approximately $135 million.…

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Stirling Properties Takes Big Bite of Greater New Orleans Retail Market

Stirling Properties Takes Big Bite of Greater New Orleans Retail Market

Covington, LA-based Stirling Properties, a diversified full-service commercial real estate company, has announced entering a 35/65 joint venture with Chattanooga, TN-based CBL & Associates Properties, Inc. to develop Fremaux Town Center in Slidell, Louisiana.…

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Retail Developments Abound: Gentilly Walmart Sure Thing, Big Lots Also Approved

Retail Developments Abound: Gentilly Walmart Sure Thing, Big Lots Also Approved

Not so long ago, New Orleans was considered one of the most underserved markets as far as retail developments and shopping locations go. And even though at the moment the Big Easy is still well under the national average, the past year has brought an onslaught of retail development proposal.…

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