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Apr. 22, 2013

Ramada Suites Hotel Completes Renovation, Rebrands as Holiday Inn Express

By Eliza Theiss, Associate Editor

Real estate investment and development company Laurus Corp. announced it completed renovation of the 130-key Ramada Suites Hotel at New Orleans Airport, as well as the rebranding of the property as a Holiday Inn Express. The property, located at 110 James Drive East, was purchased by Laurus in March 2012.

The $2.7 million renovation of the property included a total rehaul of guestrooms, as well as meeting areas, the exterior façade and the landscaping. Guestroom renovations include new flooring, furniture, lighting and window treatments, plus upgraded fixtures in guest bathrooms. The hotel’s lobby, conference room and breakfast area also feature new flooring, furniture, televisions, window treatments and light fixtures. Exterior renovations include a new courtyard deck, pool deck and paint job.

Hotel amenities now include three meeting rooms totaling 3,800 square feet, with the largest of the rooms capable of accommodating 200. Meeting space is outfitted with audio-video equipment. Other amenities include a business center, technical concierge, fitness center, outdoor pool, 24-hour lounge, wireless Internet access, 187-car on-site parking, a cocktail lounge and an on-site VooDoo BBQ & Grill. Room amenities include 32-inch flat panel TVs, refrigerators and microwaves.

“The extensive renovation program will enhance the hotel’s brand in a well-performing marketplace as well as increase the asset’s performing value,” Laurus Chief Investment Officer Austin Khan declared in a news release.

The hotel asset is conveniently located in proximity to the Louis Armstrong New Orleans International Airport, a major transportation hub serving an estimated 9.7 million travelers every year. The hotel, now dubbed Holiday Inn Express Hotel & Suites New Orleans Airport South, is located at the entrance to the 200-acre upscale James Business Park, which features more than 2 million square feet of commercial space.

Laurus also signed a new management agreement for the property with an unnamed local management company.

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Photo courtesy of Laurus Corp. via PRNewswire.

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