New Orleans
$23M Film Studios for East NOLA; $1.6B Iberville Tremè Transformation Slowly Moves Along
Amid recent news and speculations regarding the future of New Orleans’ status as Hollywood South – namely Gov. Bobby Jindal’s recent proposal to decrease Louisiana’s film industry tax incentives – came some good news for local film production
126 KSF Dillard’s Announced as Anchor of Summit Fremaux Phase II
CBL & Associate Properties, Inc. and Stirling Properties have announced that Fremaux Town Center Phase II will be anchored by national fashion apparel and home furnishings retail chain Dillard’s Inc.
$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.
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.
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.
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.
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.
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.
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.
$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.